how does trading improve efficiency
Thislineoftheoryarguesthathigherexposuretotradedgoodsincreasescompetitionamongheterogeneousfirms,leadingtoareallocationofresourcestowards ...,Ineverymodeloftrade,thereisanimprovementinaggregateproductionandconsumptionefficiencywhenaneconomymovesf...
Trade and the MDGs
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Thestandardrationaleisthattradeliberalizationimprovesefficiencyinthe...Tradeliberalizationdoesnotautomaticallyincreasetrade,letalonegrowth.
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