Icing on the Cake : A Cause Currency Route to Pareto Global Trade, an Expedient Solution to Trade Externalities, plus …………..What ?!
Icing on the Cake : A Cause Currency Route to Pareto Global Trade, an Expedient Solution to Trade Externalities, plus …………..What ?! GangaPrasad Rao Energy, Environmental and Mineral Economist gprao64.blogspot.com; gprasadrao.blogspot.com Disclaimer : If the Earth is flat, this proposal is a full circle ! Click here for a pdf of the manuscript. Introduction Trade and Globalization – the sacred growth mantra of many a Nation-Society - has transformed the global economy. The Nominal economic paradigm, endowed with Competition-ZS Capital, has expanded its financial, and production reach to the distant shores of the world. This expansion of input and output markets was as much facilitated by the global flow of capital, and rent seeking-motivated search for factor advantages, as it was by the emergence of a democratically-elected political government empowered to represent its people in negotiations with capitalists. Multi-lateral Trade exploits relative input-factor advantages across juris