1.   As the partial equilibrium analysis suggested, a procompetitive effect, with monopolistic industries expanding, is expected from trade.

2.   From the standpoint of the partial equilibrium analysis of the employment impact, the role of foreign trade emerged as especially important.

3.   The implications for less partial equilibrium behaviour are less clear.

4.   This account has so far been in partial equilibrium terms.

5.   Originally presented in terms of partial equilibrium analysis, it has been extended in two principal directions.