positions that challenge the assumptions of constant returns and perfect competition (keeping in mind that empirical validation of trade theory…

positions that challenge the assumptions of constant returns and perfect competition (keeping in mind that empirical validation of trade theory…

positions that challenge the assumptions of constant returns and perfect competition (keeping in mind that empirical validation of trade theory requires only reasonable approximations to these conditions) and discuss the implications for classical trade optimism (the argument that free trade is always “a good thing”) and for trade policy and practice.