Beschreibung:
Analyzes trade policy in an integrated theoretical framework based on optimizing dynamic models.
1. Introduction; 2. Tools and tricks of the trade, Part I. Duality theory: 3. The trade policy debate; 4. Tools and tricks of the trade, Part II. Linear differential equations and dynamic optimization; 5. Underemployment, underinvestment and optimal trade policy; 6. Liberalization and the transition problem, Part I. Transitory unemployment; 7. Tools and tricks of the trade, Part III. The dynamics of temporary shocks; 8. Liberalization and the transition problem, Part II. Credibility and the balance of payments; 9. Direct foreign investment, economic development, and welfare; 10. Suggestions for future research.