Growth and trade: some hypotheses about long-term trends

Expert InsightsPublished 1964

A review of some of the results of recent theoretical work on the relationship between economic growth and foreign trade. It attempts to show how U.S. foreign trade might have developed on the basis of widely established views concerning changes in factor proportions and the nature of technological change. In conclusion, the author offers some suggestions to explain the vigorous growth of trade despite the apparently persuasive reasons it should languish.

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Growth and trade: some hypotheses about long-term trends. Santa Monica, CA: RAND Corporation, 1964. https://www.rand.org/pubs/papers/P2948.html.
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