The papers in this collection give an overview of the latest work in international trade theory. The contributors include many of the most innovative contemporary theorists, and they provide an unrivaled introduction to the latest developments in one of the most dynamic subfields of economics. Distinctive features of the book include a section on the role of historical and geographical considerations in international trade; an emphasis on dynamic aspects of trade; and an assessment of the work of Ronald Jones, in whose honor the book is published.

This volume presents a representative collection of state-of-the-art papers on international trade, one of the dynamic sub-fields in economics. The contributions range over all the major areas of current research, including articles on the geographical aspects of international trade by Paul Krugman and Alan Deardorff, on dynamic stochastic economies by Avinash Dixit, and on endogenous growth by Gene Grossman and Elhanan Helpman. In addition to the theoretical acontributions, the book also contains work on important policy issues such as auction quotas, discussed by Kala Krishna, and the role of government in economic development, by Anne Krueger. Also included is an assessment by Bill Ethier of the theoretical achievements of a leading authority in international trade theory, Ronald Jones, in whose honour the essay was written.