International Trade and Finance: Frontiers for Research.

Part I. Trade, Production, and Domestic Production: 1. Testing Trade Theories Robert M. Stern 2. The Costs and Consequences of Protection: A Survey of Empirical Work W. M. Corden 3. Trade Policies and Economic Development Carlos F. Diaz-Alejandro Part II: Econometric Models of Trade and Payments: 4. Price, Incomes, and Foreign Trade Stephen P. Magee 5. The Multinational Corporation and Direct Investment G. C. Hufbauer 6. Empirical Research on Financial Capital Flows Ralph C. Bryant Part III. Payments Adjustment and the Monetary System: 7. Adjustment under Fixed and Flexible Exchange Rates John Helliwell 8. International Reserves and Liquidity Benjamin J. Cohen 9. The LINK Model of World Trade, with Applications to 1972-73 L. R. Klein, C. Moriguchi and A. Van Peeterssen Part IV. An Overview and Agenda: What We Need to Know: Panel Discussion Charles P. Kindleberger, Hollis B. Chenery, Jagdish Bhagwati, Richard N. Cooper, Wilson Schmidt, Milton Gilbert and Harry G. Johnson.