There is much discussion about the likely structure and direction of international trade once the Covid-19...

There is much discussion about the likely structure and direction of international trade once the Covid-19 crisis is over. One view is that demand for Chinese products, and thus exports of China to the world will decline. Explain the impact of this decline on welfare (please specify whose welfare) in the context of (i.e. using the assumptions and predictions of) (a) the standard model and (b) a model where there are external economies of scale in the production of products that China exports.

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Rahul Sunny answered 1 month ago

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There is much discussion about the likely structure and direction of international trade once the Covid-19...

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