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| Author: | Ramkissoon, R. |
| Title: | Strategic trade theory in the context of small, less developed countries: some considerations |
| Journal: | Journal of World Trade Law
1992 : JUN, VOL. 26:3, p.73-83 |
| Index terms: | TRADE FREE TRADE ECONOMIC THEORY DEVELOPING COUNTRIES INDUSTRIAL ORGANIZATION INTERNATIONAL TRADE |
| Language: | eng |
| Abstract: | The strategic trade theory is described, its relevance in the context of small, open, less-developed countries (LDCs) is investigated. It is argued that the present system of industrial organisation and world trade is dominated more by market imperfections and government intervention than what the free-trade model assumes. Small LDCs cannot expect to win the strategic game of profit-shifting. Joint ownership firms might engage themselves in profit-raising. Free trade is not always the optimum. |
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