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intra-industry trade theory
The Theory of Intra-Industry Trade The Theory of Intra-Industry Trade (IIT), developed by the Nobel Prize-winning economist and game theorist, Dr. Paul Krugman, attempts to explain the extent of intra-industry trade. Through this theory, Dr. Krugman was able to enhance the understanding of internat......
International Trade Theory
International Trade Theory
International trade is an important factor in the economic growth and development of a nation. It influences the exchange rate and the balance of payments, as well as the employment rate, wages and the volume of output in an economy. Generally, international trade incre......
Regional Division of Labor and Trade Theory
Introduction
Regional division of labor and international trade are both well-known concepts in economics. The regional division of labor and international trade theory is based on the principle that countries can benefit from specializing in the production of goods and services that they are mos......
Hamilton's Protectionist Trade Doctrine
：
The theory of protectionism, as developed by Alexander Hamilton, is based in part on the concept of economic nationalism. As Secretary of the Treasury, Hamilton argued that the United States should use tariffs and other protectionist measures to foster economic self-sufficiency and promote domes......
tags： economic
industry
domestic
美国国家元首亚伯拉罕林肯在他的深层含义演说中提到了关于经济贸易的发展和繁荣的观点他提出了汉密尔顿保护主义贸易学说汉密尔顿保护主义学说中首先提出该国经济贸易的发展应该受到尊重应受到法律和政治思想的保护其次汉密尔顿保护主义主张政府在推出新的经济政策时应考虑到国家的利益依据实际情况给予本国生产者商人或部分有害行业政策上的扶持
因此汉密尔顿保护主义主张对当前经济政策持保守态度依照实际情况调整政策以促进国家经济发展
另一方面汉密尔顿贸易观的另一个原则是政府应该通过提高本国的货物出口分数来获得经济发展他认为本国劳动力的技能可以帮助击败外国竞争者并认为只有给予本国的劳动力足够的保护和支持才能发展和壮大本国的工业经济和广大公众的福祉提高农民福祉
19/07/2023
2901
Sophie
19/07/2023
2901
Sophie
New International Trade Theory
Introduction
International trade theory is a subject that has been studied for centuries to explain the difference in production and distribution of goods and services between countries. In the past, classical and neoclassical theories of international trade have been the dominant theories. In rec......
Prebisch's New Theory of Protection Trade
Introduction:
Free trade has been a contentious issue since the eighteenth century, when adam Smith famously proposed it as a source of economic growth and transformation. However, the debate has shifted since then and the concept of protectionism has gained more acceptance. This essay will exami......
absolute advantage trade model
Absolute Advantage Trade Model
The concept of absolute advantage is one of the key ideas of international trade theory. It was first developed by adam Smith in his 1776 work An Inquiry into the Nature and Causes of the Wealth of Nations. In this work, Smith argues that countries can gain from tra......
Lister's Theory of Protection Trade
adam Smith, the undisputed father of modern economics, seemed to favor the idea of free trade and competition between nations in the economy. By contrast, Richard Cobden and John Bright advocated the idea of protectionism, or placing tariffs on imported goods in order to protect domestic producers......
Lister's theory of infant industry protection
Richard Cobden and the Peelites have been recognized as the key architects of free-trade theory, but it was actually Robert Lowe, the Liberal politician who served as Finance Minister under Benjamin Disraeli, who codified the notion of protectionism. Lowes views, known as the infant industry argum......
Diamond and Water Paradox
The Diamond-Water Paradox is one of the earliest paradoxes of economics. It was first introduced by adam Smith, the father of modern economics, and has been the subject of much discussion in the centuries since.
At its core, the Diamond-Water Paradox raises the question of why a commodity such a......
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