Document Type
Article
Publication Date
1981
DOI
https://doi.org/10.1086/260982
Abstract
Some standard topics in the theory of international trade are reconsidered in this paper by distinguishing between national and aggregate income when fixed supplies of foreign inputs are present within the home country. Under conditions that would ensure a national welfare gain if' foreign ownership were absent, international transfer, economic growth, or tariff policy might cause a national welfare loss in the presence of foreign ownership. The techniques developed could be applied to other domestic distinctions (such as those based on race, sex, age, or ethnicity) and to the theory of' customs unions in a three-country world.
Disciplines
International Trade Law | Law
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Recommended Citation
Richard A. Brecher & Jagdish N. Bhagwati,
Foreign Ownership and the Theory of Trade and Welfare,
89
J. Pol. Econ.
497
(1981).
Available at:
https://scholarship.law.columbia.edu/faculty_scholarship/3833
Comments
© 1981 by The University of Chicago.