Protection, Growth and Trade: Essays in International Economics was published by Basil Blackwell Ltd in 1985, and went out of print in 1993. It contains twenty articles by Max Corden in the broad area of trade theory published between 1957 and 1984. It includes some of his best known and most cited articles - on effective protection, on the Dutch Disease, on urban unemployment, and on customs union theory. Most were published in various journals, but some appeared in books no longer in print. The latter category includes "exchange rate protection" (an early analysis of a very topical issue), and "the enclave approach" (relevant for development economics).
PART I NORMATIVE THEORY OF PROTECTION |
1 |
|
| 1 | The Calculation of the Cost of Protection | 3 |
| Further Notes: The Cost of Protection Revisited | 19 |
|
| 2 | Tariffs, Subsidies and the Terms of Trade | 29 |
| Further Notes: Tariffs versus Subsidies | 37 |
|
| 3 | Monopoly, Tariffs and Subsidies | 46 |
| Further Notes: Monopoly and Economies of Scale | 54 |
|
| 4 | Economies of Scale and Customs Union Theory | 58 |
| 5 | A Tariff that Worsens the Terms of Trade (with Fred H. Gruen) | 69 |
| 6 | Urban Unemployment, Intersectoral Capital | |
| Mobility and Development Policy (with Ronald F. Findlay) | 73 |
|
PART II EFFECTIVE PROTECTION |
95 |
|
| 7 | The Structure of a Tariff System and the Effective Protective Rate | 97 |
| 8 | Effective Protective Rates in the General Equilibrium | |
| Model: A Geometric Note | 118 |
|
| 9 | The Substitution Problem in the Theory of Effective Protection | 125 |
| 10 | Effective Protection Revisited | 141 |
PART III MULTINATIONALS AND TRADE THEORY |
155 |
|
| 11 | International Trade Theory and the Multinational Enterprise | 157 |
| 12 | The Enclave Approach | 178 |
PART IV GROWTH AND TRADE |
185 |
|
| 13 | Economic Expansion and International Trade: A Geometric Approach | 187 |
| Further Notes: The Effects of Growth on Trade | 192 |
|
| 14 | The Effects of Trade on the Rate of Growth | 198 |
| Further Notes: The Effects of Trade on the Rate of Growth (*) | 220 |
|
| 15 | Booming Sector and De-Industrialization in a Small Open Economy |
225 |
| (with J. Peter Neary) | ||
| 16 | Booming Sector and Dutch Disease Economics: Survey and Consolidation | 246 |
PART V PROTECTION, THE EXCHANGE RATE AND MACROECONOMIC POLICY |
269 |
|
| 17 | Exchange Rate Protection | 271 |
| 18 | Relationships between Macroeconomic and Industrial Policies | 288 |
| 19 | Protection and the Real Exchange Rate | 302 |
| 20 | Real Wage Rigidity, Devaluation and Import Restrictions | 311 |
| Author Index | 327 |
| Subject Index | 330 |