As trade liberalization and the fragmentation of production processes                  promote greater international exchange of inputs, economists must adjust their                  thinking on trade issues. Transport costs have plummeted, and the difficulties of                  communicating between locales half a world apart have practically vanished. In this                  book Ronald Jones suggests how the basic core of real trade theory can be modified                  to take into account the increased international mobility of inputs and productive                  factors. He emphasizes the role of country "hinterlands" and how it is related to                  agglomeration effects in determining the location of economic activity. After                  discussing the positive aspects of enhanced mobility for output patterns and market                  prices, Jones evaluates the significance of globalization for governmental trade                  policies and public attitudes about regional alliances.

Globalization and the Theory of Input Trade (Ohlin Lectures) PDF

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