Tag Archives | Trade

Political Economy of Protection | Trade | International Economics

In this article we will discuss about:- 1. Meaning of Political Market 2. Concept of Median Voter 3. Lobbying 4. The Choice of Protective Instruments 5. Anti-Dumping Legislation 6. Rent-Seeking 7. Empirical Work. Meaning of Political Market: In the latter half of 1950's, the political scientists and economists like Becker. Buchanan, Tullock, Downs, Olson and Stigler developed the model called [...]

By |2018-03-15T11:34:36+05:30March 15, 2018|Protection|Comments Off on Political Economy of Protection | Trade | International Economics

Models of Intra-Industry Trade | International Trade | Economics

List of models of intra-industry trade: 1. Neo-Heckscher-Ohlin Model 2. Neo Chamberlinian Models 3. Neo Hotelling Models. 1. Neo-Heckscher-Ohlin Model: The original H-O theory of international trade is not capable of explaining the intra-industry trade. Some writers have still made attempts to explain the intra-industry trade based on factor endowments by establishing link between the product specifications and the different [...]

By |2018-03-15T11:34:36+05:30March 15, 2018|Models|Comments Off on Models of Intra-Industry Trade | International Trade | Economics

How to Analyse the Effect of Devaluation? | International Economics

In this article we will discuss about how to analyse the effect of devaluation upon the balance of payment situation. In a country having a stable or pegged exchange rate, the removal of balance of payments deficit can be possible through a deliberate policy measure of devaluation. The devaluation of a currency means the deliberate lowering down of the external [...]

By |2018-03-15T11:34:35+05:30March 15, 2018|Currency Devaluation|Comments Off on How to Analyse the Effect of Devaluation? | International Economics
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