Important issues in economic theory and international trade are addressed in this volume with contributions from internationally renowned researchers. The book begins with an examination of classical trade theory and welfare economics. It goes on to discuss international trade policy, including international trade agreements, taxation, tariffs and quotas. Attention then turns to the role of market structure in joint ventures, innovation, tariff policy and political economy. The final section is devoted to economic dynamics and international economics, with an emphasis on learning mechanisms, sustainable growth and immigration.