This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In...

This book is a collection of published articles written by Professor Ronald Jones in the field of international trade theory. The focus of this publication is the use over time of simple models. Several of the classic questions of competitive international trade theory are raised throughout. What explains the pattern of a country's trade with other countries? In particular, if prices change for commodities that are traded in world markets, what are the consequences of such changes on markets that are purely national, and not global? Alternatively, when a country's factor endowments change,...