Take the example of two countries that produce random amounts of rice and can trade claims on

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Take the example of two countries that produce random amounts of rice and can trade claims on that product. Suppose the two countries also develop fisheries but cannot export the fishes because of heath regulation. How do you think this development of fisheries would affect the ratio of international asset trade to GNP for Home and Foreign?

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International Finance Theory And Policy

ISBN: 9780134519548

11th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J Melitz,

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