Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46740
Authors: 
Heitger, Bernhard
Year of Publication: 
1986
Series/Report no.: 
Kiel Working Paper 260
Abstract: 
For a long time economists have been presuming a strong and positive relationship between a country's engagement in international trade and its economic performance. Already Adam Smith stressed the importance of trade as a means of widening markets, thereby increasing the division of labour and thus raising the level of productivity; John Stuart Mill on the other side laid greater emphasis on the dynamic effects of international trade (called indirect effects) . Thus it was generally believed that countries with a high engagement in international trade perform much better than countries that protect their home markets - the latter not being able to make use of the benefits of trade as a source of economic growth.
Document Type: 
Working Paper

Files in This Item:
File
Size
806.69 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.