Synopsis International trade does not guarantee unmixed benefits to nations suffering from deep structural distortions. Addressing trade, development and related issues, this volume systematically analyses the adjustment problems faced by a developing country as it confronts markets in the rest of the world.  Using simple models and addressing topics that have influenced literature mainly in the last three decades, the volume focuses on: pattern of trade and related issues; trade and income distribution; trade, migration, and unemployment; protectionism, foreign capital and welfare; international technology transfer; and international joint ventures and strategic foreign investment. Published over the last twenty years, these essays provide the missing link between popular concerns of a developing country and the analytical domain of theoretical economics. This book will benefit students and researchers in development economics, industrial organization, and international trade. It will also be useful to policymakers, trade analysts, and readers interested in emerging problems of open developing economies.