Table of contents
About this book
The main purpose of this book is to expose economics graduate students and researchers to the most significant development in international trade that has taken place in the recent past. Service transactions now make up a sizeable portion of global trade. Trade in both final and intermediate inputs is done virtually through information and communication networks, raising afresh the question of the basis of trade and calling for in-depth investigation. This book succinctly comes up with a relatively new explanation for the basis of trade, thus it adds a new dimension to three existing building blocks: technology, endowment, and returns to scale.
Against a backdrop of standard Ricardian and Heckscher–Ohlin competitive models of trade, the chapters of this book nicely introduce the issue of communication cost and the difference in time zones between two trading nations. Then follow many intricate phenomena such as informality, skill formation, growth, wage inequality, and decisions regarding foreign direct investment (FDI). However, imperfectly competitive models are not dealt with in great detail as they deserve more space than can be allotted to them here. Given the nonexistence of any research-oriented in-depth analyses of competitive trade models with time-zone differences, this book is a valuable addition to the resources available to researchers and policymakers interested in deciphering recent developments in global trade patterns and the subsequent welfare effect.
- Book Title Virtual Trade and Comparative Advantage
- Book Subtitle The Fourth Dimension
- Series Title Kobe University Monograph Series in Social Science Research
- Series Abbreviated Title Kobe University monogr. Series in soc. sci. res.
- DOI https://doi.org/10.1007/978-981-15-3906-0
- Copyright Information Kobe University 2020
- Publisher Name Springer, Singapore
- eBook Packages Economics and Finance Economics and Finance (R0)
- Hardcover ISBN 978-981-15-3905-3
- Softcover ISBN 978-981-15-3908-4
- eBook ISBN 978-981-15-3906-0
- Series ISSN 2524-504X
- Series E-ISSN 2524-5058
- Edition Number 1
- Number of Pages XVII, 207
- Number of Illustrations 13 b/w illustrations, 6 illustrations in colour
R & D/Technology Policy
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“This excellent book is very timely. … In addition to being an excellent source for role of time in international trade, this book provides a great toolkit that may be used in future research to answer various research questions that deal with the role of time in the trade.” (Reza Oladi, Indian Economic Review, Vol. 55, 2020)