Advertisement

Virtual Trade and Comparative Advantage

The Fourth Dimension

  • Sugata Marjit
  • Biswajit Mandal
  • Noritsugu Nakanishi
Book
  • 391 Downloads

Table of contents

  1. Front Matter
    Pages i-xvii
  2. An Overview

    1. Front Matter
      Pages 1-1
    2. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 3-5
    3. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 7-31
  3. The Time and the Pattern of Trade

    1. Front Matter
      Pages 33-33
    2. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 35-44
    3. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 45-61
    4. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 63-68
    5. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 69-80
  4. Trade, Growth and Inequality

    1. Front Matter
      Pages 81-81
    2. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 83-91
    3. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 93-108
    4. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 109-138
    5. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 139-154
  5. Firm Heterogeneity, FDI and Financial Capital

    1. Front Matter
      Pages 155-155
    2. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 157-173
    3. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 175-190
    4. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 191-200
  6. Conclusion

    1. Front Matter
      Pages 201-201
    2. Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi
      Pages 203-207

About this book

Introduction

The main purpose of this book is to expose economics graduate students and researchers to the most significant development in international trade that has taken place in the recent past. Service transactions now make up a sizeable portion of global trade. Trade in both final and intermediate inputs is done virtually through information and communication networks, raising afresh the question of the basis of trade and calling for in-depth investigation. This book succinctly comes up with a relatively new explanation for the basis of trade, thus it adds a new dimension to three existing building blocks: technology, endowment, and returns to scale.

Against a backdrop of standard Ricardian and Heckscher–Ohlin competitive models of trade, the chapters of this book nicely introduce the issue of communication cost and the difference in time zones between two trading nations. Then follow many intricate phenomena such as informality, skill formation, growth, wage inequality, and decisions regarding foreign direct investment (FDI). However, imperfectly competitive models are not dealt with in great detail as they deserve more space than can be allotted to them here. Given the nonexistence of any research-oriented in-depth analyses of competitive trade models with time-zone differences, this book is a valuable addition to the resources available to researchers and policymakers interested in deciphering recent developments in global trade patterns and the subsequent welfare effect.

Keywords

Trade in business services Comparative advantage Time zones Information and communication technology Economic growth FDI Trade and factor market

Authors and affiliations

  1. 1.Indian Institute of Foreign TradeKolkataIndia
  2. 2.Department of Economics and PoliticsVisva-Bharati UniversitySantiniketanIndia
  3. 3.Graduate School of EconomicsKobe UniversityKobeJapan

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-15-3906-0
  • Copyright Information Kobe University 2020
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-15-3905-3
  • Online ISBN 978-981-15-3906-0
  • Series Print ISSN 2524-504X
  • Series Online ISSN 2524-5058
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking