ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Trade Theory Status Quo Despite Krugman

Paul Krugman's contribution in the development of "new" trade theory pushed the profession beyond the overly simplistic assumption of perfect competition. Since then, new trade theory has tended to be integrated and reconciled with traditional trade theory, undermining its deployment in support of successful strategic trade policy intervention.

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