Why the big jump in trade? Because the freer exchange of goods and services between one country and another allows specialization to occur. Specialization means focusing on what each country produces ...
As part of his 2024 Presidential campaign, President-elect Donald Trump made universal tariffs a primary principle of his economic policy proposals, promising to apply significant tariffs on foreign ...
Dollo’s law, as it came to be known, implies that specialization is largely a one-way street, with organisms accumulating layers of complexity that make backward evolution impossible. While Dollo’s ...
This is a graduate course in international trade. It introduces the fundamental concepts and tools of international trade and economic geography to prepare students to tackle research questions in ...