The greatest strength of this thoroughly revised and expanded edition of Lectures on International Trade is its rigorous algebraic and geometric treatment of the various models and results of trade theory. The authors, who now include Arvind Panagariya, offer both policy insights and empirical applications. They have added nine entirely new chapters as well as new sections to several existing chapters (e.g., a greatly expanded treatment of the growing theory of preferential trade agreements).
About the Author
Jagdish Bhagwati is University Professor at Columbia University and External Advisor to the Director General, World Trade Organization and Senior Fellow for International Economics with the Council on Foreign Relations. He was named Distinguished Fellow of the American Economic Association in 2003.
"A comprehensive treatment of both positive and normative tradetheory, this second edition includes new chapters on thespecific-factors model, economies of scale, strategic trade policy,and endogenous growth. Graduate students will appreciate the lucidwriting and the judicious mix of algebra and diagrams." Gene Grossman , Jacob Viner Professor of International Economics,Princeton University