This book uniquely analyses the two concepts as closely interlinked, by approaching them in two parts. The first, 'Competition', introduces the reader to the traditional competition model, and explores the dynamics and range of the term in an authoritative way. The second part, 'Free Trade' examines the different types of trade, and analyses them in a wealth of contexts, from customs duties to import quotas. With discussions surrounding protectionist arguments, politics, liberalization and history, the author presents an overview of how competition and free trade operate in the real world.
This book dispels the fears and misunderstandings which have developed around these central pillars of the modern economy and is essential reading for those studying international economics, international trade, political economy or corporate finance.
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