Topical Terminology > Gains From Trade Theorem
1 Definition
Gains From Trade Theorem
For Gains From Trade Theorem we have a term and definition in International Economics.
Gains From Trade Theorem (International Economics) 
The theoretical proposition that (in the absence of distortions) there will be gains from trade for any economy that moves from autarky to free trade, as well as for a small open economy and for the world as a whole if tariffs are reduced appropriately. Due to Samuelson (1939, 1962).
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