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Development of International Trade Theory after the Second World War
Lanzhou Academic Journal (2005)
  • HE Shu-Quan, Shanghai University
  • WANG Xiao-Ying, Shanghai University

The years following WW‡U have witnessed new phenomena in international trade which can not be interpreted by orthodox theories. The two major new trends are intra-industry trade and enormous trade between industrialized countries. Disregarding traditional assumptions, economists, Paul R. Krugman as leading economist, put forward new theories and models with emphasis on increasing return to scale and imperfect competition to interpret why international trade happen, which develop and supplement the orthodox theories.

  • international trade,
  • economies of scale,
  • imperfect competition,
  • trade theories
Publication Date
Winter December, 2005
Citation Information
HE Shu-Quan and WANG Xiao-Ying. "Development of International Trade Theory after the Second World War" Lanzhou Academic Journal Iss. 6 (2005)
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