chapter  2
SOME WELFARE PROPOSITIONS IN A THREE COMMODITY, THREE FACTOR MODEL OF INTERNATIONAL TRADE IN THE PRESENCE OF FOREIGN OWNED CAPITAL
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The object of this chapter is to generalise the framework already developed. Recall that the model of Chapter 1 had two sectors both of which produced exportable commodities. There was no importable sector. Two factors of production were used in the production of the commodities, domestically-supplied labour and sector specific foreign capital.