Theories of International Trade From Mercantilism to Modern Debates

This podcast provides an overview of economic theories that explain international trade, exploring the reasons and effects of this phenomenon. It examines various theories from the earliest to the most recent, including Mercantilism, Absolute Advantage Theory, Comparative Advantage Theory, and the Heckscher-Ohlin Model. The podcast analyzes the evolution of these theories, including their strengths and weaknesses, and offers examples to illustrate their applications. Additionally, it discusses some contemporary debates about the impacts of free trade on both wealthy and developing countries. Hosted on Acast. See acast.com/privacy for more information.