International Trade

International Trade: An Application Of Economic Theory is a book written by John Atkinson Hobson and first published in 1904. The book provides a comprehensive analysis of international trade and its impact on economic theory. Hobson examines the various theories of international trade, including the classical theory of comparative advantage and the newer theories of imperfect competition and strategic trade. He also explores the role of tariffs, subsidies, and other trade policies in shaping international trade patterns.Hobson's book provides a historical perspective on international trade, tracing its evolution from the mercantilist era to the modern era of globalization. He discusses the economic and political factors that have influenced international trade, including technological advances, transportation improvements, and political instability. Hobson also examines the impact of international trade on different sectors of the economy, including agriculture, manufacturing, and services.One of the key themes of the book is the relationship between international trade and economic development. Hobson argues that international trade can be both beneficial and harmful to developing countries, depending on the specific circumstances. He also discusses the role of international institutions, such as the World Trade Organization, in regulating international trade and promoting economic development.Overall, International Trade: An Application Of Economic Theory is a comprehensive and insightful analysis of international trade and its impact on economic theory. It remains a valuable resource for economists and policymakers interested in understanding the complexities of international trade.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.