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India and Trade Theory

There are a few theories that are particularly relevant in the context of India-US trade

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4 min read Last Updated : Feb 29 2020 | 12:49 AM IST

Donald Trump has come and gone. The visit may yield some standalone benefits to both sides. But will the underlying fault lines change? To answer this, it’s necessary to revisit international trade theory.

After 1945 one of the most researched topics in economics used to be this. But in the 1970s the Americans lost interest in theorising, and took to imperial ways of gaining market access. So latter-day economists only make do with data analysis.

This has its uses, to be sure, especially for fine-tuning strategy and tactics, but it doesn’t quite explain trade patterns between countries and how they should view

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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