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An Overview

In: International Trade Theory and Policy

Author

Listed:
  • Giancarlo Gandolfo

    (Accademia Nazionale dei Lincei Classe di Scienze Morali)

Abstract

The traditional theory of international trade, as set forth in Part I, is founded on two hypotheses: (1) perfect competion obtains, and (2) the commodities which are internationally traded are homogeneous. Notwithstanding the criticism of several precursors (treated in the next chapter), it was only in the late 1970s and in the 1980s that the consequences of dropping one or both of these hypotheses were formally examined. The present chapter gives an overview of these new explanations for international trade.

Suggested Citation

  • Giancarlo Gandolfo, 2014. "An Overview," Springer Texts in Business and Economics, in: International Trade Theory and Policy, edition 2, chapter 0, pages 159-164, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-37314-5_7
    DOI: 10.1007/978-3-642-37314-5_7
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