This handbook is a detailed exploration of the theories, policies, and issues stemming from the field of International Trade. Written by specialists in the field, the chapters focus on four important areas: factor proportions theory, trade policy, investment, and new trade theory. The extensive analysis covers such topics as the Heckscher-Ohlin Trade Model and the Stolper-Samuelson Price Link, as well as wages, antidumping, and political economics.Explores the theories, policies and issues stemming from the field of International Trade.Focuses on factor proportions theory, trade policy, investment, and new trade theory.Includes analyses of the Heckscher-Ohlin Trade Model and the Stolper-Samuelson Price link.

E. Kwan Choi is Professor of Economics at Iowa State University and the Editor ofReview of International Economics. He is also Associate Editor ofJapanese Economic Review and Managing Editor ofReview of Development Economics. Prof. Choi has published in many top journals, includingEconomica, Journal of Development Economics, andInternational Economic Review.

James Harrigan is a Senior Economist in the International Research Department of the Federal Reserve Bank of New York. He has also taught at the University of Pittsburgh and Columbia University, and is a member of the National Bureau of Economic Research. He is a former co-editor ofThe Journal of International Economics.

Introduction.

Part I: Factor Proportions Theory:.

1. Trade Theory and Factor Intensities: An Interpretive Essay: Ronald W. Jones (University of Rochester).

2. Implications of Many Industries in the Heckscher-Ohlin Trade Model: E. Kwan Choi (Iowa State University).

3. Robustness of the Stolper-Samuelson Price Link: Henry Thompson (Auburn University).

4. Specialization and the Volume of Trade: Do the Data Obey the Laws: James Harrigan (Federal Reserve Bank of New York).

5. The Factor Content of Trade: Donald R. Davis and David E. Weinstein (Columbia University).

6. Global Production Sharing and Rising Inequality: A Survey of Trade and Wages: Robert C. Feenstra (University of California, Davis) and Gordon H. Hanson (University of California, San Diego).

7. External Economies in the International Trade Theory: A Survey: Jae-Young Choi (Lamar University) and Eden Yu (City University of Hong Kong).

Part II: Trade Policy:.

1. The Political Economy of Trade Policy: Empirical Approaches: Kishore Gawande (University of New Mexico) and Pravin Krishna (Brown University).

2. Antidumping: Bruce A. Blonigen (University of Oregon) and Thomas J. Prusa (Rutgers University).

Part III: Investment:.

1. Foreign Direct Investment and the Operations of Multinational Firms: Concepts, History and Data: Robert E. Lipsey (National Bureau of Economic Research).

2. Discriminating Among Alternative Theories of the Multinational Enterprise: James Markusen and Keith E. Maskus (University of Colorado).

Part IV: New Trade Theory:.

1. The Economic Geography of Trade, Production and Income: A Survey of Empirics: Henry G. Overman, Stephen Redding, and Anthony J. Venables (London School of Economics).

2. Plant- and Firm-Level Evidence on New Trade Theories: James R. Tybout (Pennsylvania State University).

Index