International Economics: Theory and Policy
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ContentsPreface1Introduction12Labor Productivity and Comparative Advantage: The Ricardian Model133Specific Factors and Income Distribution394Resources and Trade: The Heckscher-Ohlin Model675The Standard Trade Model936Economies of Scale, Imperfect Competition, and International Trade1217International Factor Movements1598The Instruments of Trade Policy1879The Political Economy of Trade Policy21910Trade Policy in Developing Countries25311Industrial Policy in Advanced Countries27512National Income Accounting and the Balance of Payments30113Exchange Rates and the Foreign Exchange Market: An Asset Approach33114Money, Interest Rates, and Exchange Rates36715Price Levels and the Exchange Rate in the Long Run39916Output and the Exchange Rate in the Short Run43917Fixed Exchange Rates and Foreign Exchange Intervention48718The International Monetary System, 1870-197353519Macroeconomic Policy and Coordination Under Floating Exchange Rates57120Optimum Currency Areas and the European Experience61321The Global Capital Market: Performance and Policy Problems64922Developing Countries: Debt, Stabilization, and Reform68323International Economic Problems of Former Communist Countries719Mathematical Postscripts739Postscript to Chapter 3: The Specific Factors Model741Postscript to Chapter 4: The Factor Proportions Model746Postscript to Chapter 5: The Trading World Economy749Postscript to Chapter 6: The Monopolistic Competition Model757Postscript to Chapter 21: Risk Aversion and International Portfolio Diversification759IndexI-1
