Full Title: The Controversy over US Coal and Natural Gas Exports
Author(s): Joel Darmstadter
Publisher(s): RFF
Publication Date: March 1, 2013
Full Text: Download Resource
Description (excerpt):
In international trade, a gap between theory and practice has always existed. Theory stresses, as an underlying ideal, the economic benefits of trade based on comparative advantage. In practice, and for a variety of reasons—institutional constraints, political factors, ambiguity of legal doctrine, bilateral or multilateral treaty obligations—the ideal intermittently bows to reality, whether in the form of explicit protectionism or other barriers.