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Dark Spots in Trade Theory: Early Testing Attempts

In: Organizations and Performance in a Complex World

Author

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  • Sorin Burnete

    (Lucian Blaga University of Sibiu)

Abstract

The beginnings of the economic theory correspond to philosophers’ attempts to explain why and how do countries trade with each other. Yet even more puzzling was the question how should countries trade? It is no surprise that despite the formidable developments of the theory in the last 200 years plus, there still are dark spots in the economics of trade. Globalization has rendered the issue even murkier. Beside the fact that international trade cannot be insulated from other economic domains, which makes it inadequate for experiments, but even testing itself is cumbersome. Only, evidence on such a complex field as international trade is by no means easy to come by.

Suggested Citation

  • Sorin Burnete, 2021. "Dark Spots in Trade Theory: Early Testing Attempts," Springer Proceedings in Business and Economics, in: Ramona Orăștean & Claudia Ogrean & Silvia Cristina Mărginean (ed.), Organizations and Performance in a Complex World, pages 27-37, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-50676-6_3
    DOI: 10.1007/978-3-030-50676-6_3
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