Screen LibraryVirtual trade in a changing world : comparative advantage, growth and inequality /
Virtual economic transactions have radically transformed the way we think about trade and markets in closed and open economies. Due to the continuous decline in the costs of both information and communications and setting up a phenomenally large number of virtual platforms, the importance of "t...
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| Main Authors: | |
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| Group Author: | ; |
| Published: |
Cambridge University Press,
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| Publisher Address: | Cambridge : |
| Publication Dates: | 2023. |
| Literature type: | Book |
| Language: | English |
| Series: |
Cambridge elements. Cambridge elements in international economics,
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| Subjects: | |
| Summary: |
Virtual economic transactions have radically transformed the way we think about trade and markets in closed and open economies. Due to the continuous decline in the costs of both information and communications and setting up a phenomenally large number of virtual platforms, the importance of "time" as an essential element in the discourse on international trade can in no way be set aside. This work delves deep into the issue of how time enters as a major catalyst of international trade and virtual transactions. This changes the way we look at ideas of comparative advantage, factor mobility, growth, income distribution and allied concepts. A key result is that greater physical distance might encourage trade, contrary to what we are accustomed to accepting--back cover. |
| Carrier Form: | vi, 91 pages : illustrations ; 23 cm. |
| Bibliography: | Includes bibliographical references (pages [77]-91). |
| ISBN: |
9781009101332 1009101331 |
| Index Number: | HD82 |
| CLC: | F061.3 |
| Call Number: | F061.3/M344 |
| Contents: | 1. Introduction -- 2. Theory and pattern of virtual trade -- 3. Trade, growth and factor income -- 4. Capital mobility and virtual trade -- 5. Conclusion and road ahead -- References. |