International Economics, Globalization, and Policy: A Reader
The King reader is a collection of articles on international economics by leading economists drawn from various scholarly sources (e.g., Foreign Affairs, Current Issues in Economics and Finance, Finance and Development, Federal Reserve Publications, the Journal of Economic Perspectives). Previously known as International Economics and International Economic Policy, the new title is briefer and yet more descriptive, since the term globalization has been added to reflect the content of the...
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The King reader is a collection of articles on international economics by leading economists drawn from various scholarly sources (e.g., Foreign Affairs, Current Issues in Economics and Finance, Finance and Development, Federal Reserve Publications, the Journal of Economic Perspectives). Previously known as International Economics and International Economic Policy, the new title is briefer and yet more descriptive, since the term globalization has been added to reflect the content of the book, which is also used in courses devoted to globalization, particularly the economic aspects of globalization. The Fifth Edition focuses on real debates within the discipline of economics and political economy, not on phony “pro-cons” debates which often obscure the real issues. The reader continues to be unique as the most relevant in today’s market.
Preface INTERNATIONAL TRADE Section 1: Issues in Trade and Protectionism 1. How Costly is Protectionism? 2. Grain Drain: The Hidden Cost of U.S. Rice Subsidies 3. International Trade: Why We Don’t Have More of It Section 2: Outsourcing, the WTO, and the Environment 4. Bridging the Trade-Environment Divide 5. Labor Standards: Where Do They Belong on the International Trade Agenda? 6. Beyond the Outsourcing Angst: Making America More Productive 7. Offshoring: The Next Industrial Revolution? 8. Trade in Heath Care: Changing Paradigms in a Global Economy Section 3: NAFTA, FDI, and other Trade Issues 9. Trade in America from NAFTA to Bilateralism 10. Does Foreign Direct Investment Help Emerging Economies? 11. Have U.S. Import Prices Become Less Responsive to Changes in the Dollar? Section 4: Immigration 12. Global Migration: Two Centuries of Mass Migration Offers Insights into the Future of Global Movements of People 13. America’s Stake in Immigration: Why Almost Everybody Wins Section 5: Globalization 14. The Global Governance of Trade as if Development Really Mattered 15. Are We Underestimating the Gains from Globalization for the United States? 16. What’s So Special about China’s Exports? INTERNATIONAL FINANCE Section 6: Trade Deficit Disorder 17. Twin Deficits, Twenty Years Later 18. Why a Dollar Depreciation May Not Close the U.S. Trade Deficit 19. Trade Deficits Aren’t as Bad as You Think Section 7: Exchange Rate Regimes and Macroeconomic Stabilization Policies 20. Does the Exchange Rate Regime Matter for Inflation and Growth? 21. China’s Controversial Exchange Rate Policy 22. To Float or Not to Float? Exchange Rate Regimes and Shocks 23. Moving to a Flexible Exchange Rate: How, When, and How Fast? 24. Official Dollarization and the Banking System in Ecuador and El Salvador Section 8: Europe and the Euro Zone 25. The Euro: Ever More Global 26. Integration and Globalization: The European Bellwether Section 9: Financial Crises and Capital Flows 27. Asia Ten Years After 28. Financial Crises of the Future 29. Financial-Sector Foreign Direct Investment and Host Countries: New and Old Lessons 30. Appraising the IMF’s Performance: A review of the First Three Studies by the New Independent Evaluation Office 31. Sovereign Wealth Funds Section 10: Foreign Aid 32. Aid and Growth 33. Microfinance: Banking for the Poor
