The greatest strength of this thoroughly revised and expanded
edition of Lectures on International Trade is its rigorous
algebraic and geometric treatment of the various models and results
of trade theory. The authors, who now include Arvind Panagariya,
offer both policy insights and empirical applications. They have
added nine entirely new chapters as well as new sections to several
existing chapters (e.g., a greatly expanded treatment of the
growing theory of preferential trade agreements).
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