Free trade, protection and economic development

Economic Development and Environmental Protection

There is a long-standing debate on the relationship between economic development and environmental quality. From a sustainable development viewpoint there has been a growing concern that the economic expansion of the world economy will cause irreparable damage to our planet. In the last few years several studies have appeared dealing with the relationship between the scale of economic activity ...

Free Trade or Protection: A Literature Review on Trade Barriers

The purpose of this paper is to, firstly explain the reason of international trade according to recent theories; secondly, collect several sorts of opinions about free trade and protectionism referring to relevant literatures; thirdly describe export barriers in different aspects, such as natural barriers and artificial barriers; lastly from trade regulation perspective introduce WTO as a tool ...

Trade Creation and Residual Quota Protection in a Free Trade Area with Domestic Monopoly

The Wind of Change: Maritime Technology, Trade and Economic Development

The 1870-1913 period marked the birth of the first era of trade globalization. How did this tremendous increase in trade affect economic development? This work isolates a causality channel by exploiting the fact that the steamship produced an asymmetric change in trade distances among countries. Before the invention of the steamship, trade routes depended on wind patterns. The introduction of t...

Agglomeration and economic development: Import substitution vs trade liberalisation

This paper analyses a model of economic development in which international differences in industrial structure and income are caused by the agglomeration of industry in a subset of countries. Economic development may not be a gradual process of convergence by all countries, but instead involve countries moving sequentially from the group of poor countries to the group of rich countries. The rol...