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Delve into economic models and trade behaviors using figures like Cournot equilibrium and reciprocal dumping to explore the implications on manufacturing industries and international trade welfare. Consider the derived Austrian firm’s reaction curve and pro-competitive gains from trade while investigating China’s trade balance in ICT goods from 1996 to 2004.
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Figure 9.3 Autarky equilibrium with monopoly for manufactures
Figure 9.4 Derivation of Austrian firm’s reaction curve, a = 8, b = c = 1
Figure 9.7 Reciprocal dumping
Figure 9.8 Trade and welfare in the reciprocal dumping model, a = 3.25, b = 0.65, c = 0.75 the dashed line indicates prohibitive transport costs
Figure 9.9 Exports and imports of ICT goods; selected countries, 1996-2004
Figure 9.10 China’s trade balance by ICT goods categories, 1996-2004 (exports – imports)
Figure 9.11 China’s trade balance in ICT goods, 2004 (exports – imports)
