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Article: Intra-industry trade and development: revisiting theory, measurement and new evidences.(Report)
- Article from:
- Indian Journal of Economics and Business
- Article date:
- June 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Indian Journal of Economics and Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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" ... our interests are to a considerable extent explorative in a more intrinsic sense; the motive of action is in part curiosity as to what the result will be, and hence depends on partial ignorance of the result when the action is performed."
--Frank Knight, What is Truth in Economics? Journal of Political Economy, 1940, Vol. XLVIII.
"The notion that trade, free trade, unencumbered by government restrictions--is welfare-enhancing--is one of the most fundamental doctrines in modern economics, dating back at least to Adam Smith (1776) and David Ricardo (1816). But the subject has always been marked by controversy because the issue facing most countries ...