《International Trade and Factor Mobility》.pdf

American Economic Association International Trade and Factor Mobility Author(s): Robert A. Mundell Source: The American Economic Review, Vol. 47, No. 3 (Jun., 1957), pp. 321-335 Published by: American Economic Association Stable URL: /stable/1811242 . Accessed: 11/09/2013 08:08 Your use of the JSTOR archive indicates your acceptance of the Terms Conditions of Use, available at . /page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@. . American Economic Association is collaborating with JSTOR to digitize, preserve and extend access to The American Economic Review. This content downloaded from 6 on Wed, 11 Sep 2013 08:08:01 AM All use subject to JSTOR Terms and Conditions INTERNATIONAL TRADE AND FACTOR MOBILITY MUNDELL* ROBERT A. By for Commodity movements are at least to some extent a substitute com- implies factor movements. The absence of trade impediments a tend- modity-price equalization and, even when factors are immobile, perfect ency toward factor-price equalization. It is equally true that