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The book was written with two objectives in mind. First, to give students, practioners and researchers a text that encompasses the important theoretical and applied developments in the field and bringst to the fore those questions, left unanswered by traditional trade models, which the more recent models have sought to address. Second, to provide the student of international trade with a single text that integrates theory, applied analysis and the formal testing of theory. The design of the book reflects our conviction that linking theory and data during the learning process is key. Throughout the book, theory is interwoven with empirical analysis, the latter stressing methodology as well as results.
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