TY  - BOOK
AU  - Marjit,Sugata
AU  - das,Gouranga G.
AU  - Mandal,biswajit
TI  - Virtual trade in a changing world: comparative advantage, growth and inequality
T2  - Cambridge Elements in International Economics
SN  - 9781009101332
U1  - 381 23rd 
PY  - 2023///
CY  - Cambridge
PB  - CUP
KW  - Finance
KW  - Capital
KW  - Vitual Trade
N1  - Includes bibliography; Introduction -- Theory and pattern of virtual trade -- Trade, growth and factor income -- Capital mobility and virtual trade -- Conclusion and road ahead
N2  - Virtual economic transactions have radically transformed the way we think about trade and markets in closed and open economies. Continuous decline in costs of information and communications and setting up of phenomenally large number of virtual platforms have brought in 'Time' as an essential element in the discourse on international trade. This work delves deep into the issue of how Time enters as a major catalyst of international trade and virtual transactions. This changes the way we look at ideas of comparative advantage, factor mobility, growth, income distribution, and allied concepts. A key result is that greater physical distance might encourage trade contrary to what we are accustomed to accept
ER  -