Frederic M. Scherer

Innovation, comparative advantage, and R & D competition; Case study evidence on R&D reactions; Imports, exports, and intra-industry trade; R&D reactions to import competition.

International High-technology Competition

Richard S. Belous

British-North American Committee

The next few years will be a critical period for international trade despite the major achievements in 1993. The Uruguay Round agreement, between 117 General Agreement on Tariffs and Trade (GATT) signatory nations, was reached in December 1993. It contains many new provisions that move toward harmonizing world trading and investment relationships. Yet many of the Uruguay Round's initial goals were not accomplished. This study seeks to illuminate the still unresolved issues of world trade. Its point of departure is the observation that economic theories concerning international trade have outrun world trading policies. Topics covered are: setting the stage; evolution and revolution in economic theory; features of the new international trade theory; the role of strategy; trade-enhancing national strategies; and, policy implications and future prospects.

The New International Trade Theory and the Post-Uruguay Round Challenges

Unfinished Tasks

Albert N. Link

Edwin Mansfield was a research pioneer into the economics of R and D and technological change. As appreciation and remembrance for his scholarly contributions, eminent scholars have contributed original papers for this edited volume. The authors have followed the "Mansfieldian” approach of emphasizing economic insight and intuition over mathematical rigor and as a result are very accessable. Essays in Honor of Edwin Mansfield has the potential to serve as a reader in all advanced undergraduate and graduate classes/seminars in the economics of R and D and technological change. This edited volume will be the definitive work in the field.

Frederic M. Scherer

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