Arts & Culture

Understanding Global Trade

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<h4>Belknap Press, April 2011</h4><h5>By Elhanan Helpman</h5>

Galen L. Stone Professor of International Trade Elhanan Helpman discusses the revolutions in trade theory, showing how scholars shifted their trade flow analyses from sectoral levels to business-firm levels to clarify the growing roles of multinational corporations, offshoring, and outsourcing in the international division of labor.