TY  - JOUR
AU  - Richardson,J. David
TI  - "New" Trade Theory and Policy a Decade Old: Assessment in a Pacific Context
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4042
PY  - 1993
Y2  - September 1993
UR  - http://www.nber.org/papers/w4042
L1  - http://www.nber.org/papers/w4042.pdf
N1  - Author contact info:
J. David Richardson
Department of Economics
347 Eggers Hall
Syracuse University
Syracuse, NY 13244-1090
Tel: 315/443-4339;3843
Fax: 315/443-9085;202/328-5432
E-Mail: JDRICHAR@MAXWELL.SYR.EDU
AB  - This paper characterizes and evaluates what has been called variously the new, new-view, strategic or industrial organization approach to international trade and trade policy.  This approach analyzes trade in  strategic environments,' those in which small numbers of large, self-consciously independent agents interact, and in which their activities themselves are interdependently (strategically) linked.  The new view's perspectives have been controversial but often because they have been misunderstood. Many of its subtler strengths have remained hidden.  The misunderstandings and subtler strengths of the approach are the main themes of the paper.  Its secondary emphasis is on applied and empirical work in the new tradition and its policy implications, with special regard to Pacific trade and investment.
ER  -