Competing in a Global Economy: An Empirical Study on Trade and Specialization

The growth of world trade has been accompanied by a rapid increase in the number of products, suppliers, and buyers involved in international markets. A trading system increasingly composed of multiple buyers and sellers has compelled theoreticians to utilize more elaborate models and empiricists more econometric tools in their methods of representing the international economy, resulting in a void between theoretical and empirical analysis. This book fuses the compilation and analysis of quantitative material to particular elements of economic theory.