Foreign Ownership and the Theory of Trade and Welfare
Jagdish N. Bhagwati
- Foreign Ownership and the Theory of Trade and Welfare
- Bhagwati, Jagdish N.
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- Journal of Political Economy
- This paper reconsiders a number of standard topics in the history of international trade by taking explicit account of the distinction between national and aggregate income when fixed supplies of foreign-owned inputs are present within the domestic economy.
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