Adam Posen from the Peterson Institute for International Economics discusses U.S. trade imbalances and explains why he does ...

So we had a New Trade Theory, but the new trade we were actually getting was much better explained by, well, old trade theory. So what does all this have to do with vaccine supply chains?

This paper provides a theory model of trade finance to explain the "great trade collapse." The model shows that, first, the riskiness of international transactions rises relative to domestic ...

In addition to being trade-neutral in theory, the evidence suggests VATs are trade-neutral in practice. They certainly aren't an enormous rip-off justifying a global trade war.

World Review of Political Economy, Vol. 15, No. 3 (Fall 2024), pp. 338-373 (36 pages) According to the general consensus in academia, Ricardo’s theory of international trade embodies the theory of ...