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This volume addresses profound issues in international economics, with contributions from leading researchers on the implications of trade. Empirical studies address preferential trading arrangements, global imbalances and exchange rates, facilitating an understanding of how the economy functions and enabling detailed policy evaluation.

Positive and Normative Analysis in International Economics: Essays in Honour of Hiroshi Ohta

Normative Trade Theory To Bribe or not to Bribe for Free Trade Innovations and International Trade Comparative Cost and Factor Endowments Social Welfare and Pareto Improvement Cost Harmonization and Welfare Capacity Constraint and Export Subsidies Subcontracting or Exporting with Flexible Manufacturing Inward FDI and the Size of the Market Unionization and the Environment The Price Effects of MERCOSUR Global Imbalances and Exchange Rates Regulation, Quality Adjustment and Relative Price Changes Continued Openness and Reforms for Agriculture