Globalization and the Theory of Input Trade

Ronald Jones is unequaled in his clear analysis and elegant presentation of seemingly complex theories of international trade and commercial policy. In this book he brings his skills to bear on an important topical issue—cross-border trade in factors of production and in intermediate goods—and in the process brings together much of his research on it. This book will delight his numerous fans and earn him a whole generation of new ones.

Avinash Dixit, Sherrerd University Professor of Economics, Princeton University

Ronald Jones has been the leading theorist of international trade throughout his career. This addition to the MIT Press series of volumes on the Ohlin Lectures extends a lifetime of accomplishment to this field by looking at globalization as an integration of 'fragmented' production processes made possible by the new information technology. The result is to enrich and extend the insights of Ricardo and Ohlin to the cutting edge of contemporary concerns.

Ronald Findlay, Ragnar Nurkse Professor of Economics, Columbia University

This book shows, once again, why Ronald W. Jones has been a towering figure in international trade for four decades. With his trademark skills and elegance, he offers a comprehensive and insightful analysis of globalization.

Henryk Kierzkowski, Professor of Economics, Graduate Institute of International Studies, Geneva, Switzerland

Ronald Jones takes us on a grand tour of the fundamental forces governing international trade in today's world—factor movements, multi-national production, trade in inputs, and governmental policies aimed at preserving nationality. The reader could not ask for a better tour guide than the grand maestro of real trade theory!

Roy Ruffin, M.D. Anderson Professor of Economics, University of Houston