Trade Theory, Analytical Models and Development

Edited by Sisira Jayasuriya, Monash University, Australia

• Contents: Introduction Part I: Real Trade Theory 1. Real Wages and Trends: Insights from Extreme Examples 2. The Factor Scarcity (Abundance) Hypothesis, Factor Mobility, and the Political Economy of International Trade Policy Part II: Theory of Trade Policy 3. Are Uniform Tariffs Optimal? 4. On the Measurement of Welfare Changes at Second-best Optima 5. Pareto-Optimal Customs Unions with Transfers Part III: Trade and Market Structure 6. Endogenous Mergers and Tariffs in an Integrated Market 7. What Have We Learned from a Generation’s Research on Intra-Industry Trade? 8. Reforming Trade-distorting State Trading Enterprises Part IV: New Applications of Trade Theory 9. Consumption and Production Externalities in a Small Open Economy with Accumulating Capital 10. Explaining a Dynamic CGE Simulation with a Trade-focused Back-of-the-Envelope Analysis: The Effects of eCommerce on Australia 11. Trade Liberalization, Resource Degradation and Industrial Pollution in Developing Countries Index

'These two volumes, ably organised and edited by Sisira Jayasuriya, are a fitting testimony to the remarkable and consistently high academic productivity of Professor Peter Lloyd over almost four decades. . . The contents are organised around his many and diverse contributions to the fields of international trade theory and policy. . . An excellent short introduction by Sisira Jayasuriya summarises the evolution of Peter Lloyd's academic career from a "boy from the bush" in New Zealand to a pre-eminent trade economist.'