A concise, yet complete study of the theory of international trade
and foreign lending. The author discusses two of the major models
used to discuss trade: the Theory of Comparative Advantage, and the
Heckscher-Ohlin model. Connolly presents empirical tests of both
theories, and then moves on to discuss, gains from trade and
protectionist vs. free trade arguments and applies the basic trade
model to international lending.
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