Why Resisting Globalization Can Be Reasonable
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.
Volume (Year): 6 (2006)
Issue (Month): 5 ()
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- Jagdish N. Bhagwati, 2004. "In Defense of Globalization: It Has a Human Face," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 9-20, November-.
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Discussion Papers in Economics at the University of Washington
92-06, Department of Economics at the University of Washington.
- 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, vol. 55(150), pages 214-21, September.
- Murray C. Kemp & Koji Shimomura, 1996.
"Gains from Trade in a Cournot-Nash General Equibrium,"
Discussion Paper Series
66, Research Institute for Economics & Business Administration, Kobe University, revised Jan 1998.
- Murray C. Kemp & Koji Shimomura, 2001. "Gains From Trade in a Cournot-Nash General Equilibrium," The Japanese Economic Review, Japanese Economic Association, vol. 52(3), pages 284-302.
- Shy, Oz, 1988. "A general equilibrium model of pareto inferior trade," Journal of International Economics, Elsevier, vol. 25(1-2), pages 143-154, August.
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