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Why Resisting Globalization Can Be Reasonable

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  • Kenji Fujiwara

    ()
    (Graduate School of Economics, Kobe University)

Abstract

A two-agent model of international trade with oligopoly and increasing returns is proposed to address why there have been persistent anti-trade-liberalization movements. It is shown that all of a country's residents lose from trade under certain conditions on the cross-country cost structure.

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Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 6 (2006)
Issue (Month): 5 ()
Pages: 1-8

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Handle: RePEc:ebl:ecbull:eb-05f10086

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  1. Murray C. Kemp & Koji Shimomura, 2001. "Gains From Trade in a Cournot-Nash General Equilibrium," The Japanese Economic Review, Japanese Economic Association, Japanese Economic Association, vol. 52(3), pages 284-302.
  2. Dixit, Avinash, 1979. "The Role of Investment in Entry-Deterrence," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics 140, University of Warwick, Department of Economics.
  3. Kemp, M.C. & Wong, K.Y., 1992. "Gains from Trade with Overlapping Generations," Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington 92-06, Department of Economics at the University of Washington.
  4. Kenji Fujiwara, 2005. "Unilateral and Multilateral Gains from Trade in International Oligopoly," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 81(255), pages 404-413, December.
  5. Shy, Oz, 1988. "A general equilibrium model of pareto inferior trade," Journal of International Economics, Elsevier, Elsevier, vol. 25(1-2), pages 143-154, August.
  6. Kemp, Murray C & Long, Ngo Van, 1979. "The Under- Exploitation of Natural Resources: A Model with Overlapping Generations," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 55(150), pages 214-21, September.
  7. Jagdish N. Bhagwati, 2004. "In Defense of Globalization: It Has a Human Face," Rivista di Politica Economica, SIPI Spa, SIPI Spa, vol. 94(6), pages 9-20, November-.
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