World Trade and Payments: An Introduction
Renowned for its precise, in-depth coverage of international trade and finance, this classic text features a balance of the latest research, critical policy issues, and sophisticated economic analysis.
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Renowned for its precise, in-depth coverage of international trade and finance, this classic text features a balance of the latest research, critical policy issues, and sophisticated economic analysis. Booknews Covers a conventional line of topics and can serve with some additional material as the basis for a full-year course at the undergraduate level or for separate semester (quarter) courses on the real and financial aspects of international trade. This edition includes revised treatment of regional economic integration, tariff reduction, unemployment, international trade in developing countries, and multinational enterprise. No flashy illustrations, color or otherwise. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Ch. 1Introduction1Ch. 2The gains from trade13Ch. 3Applications of the basic model37Ch. 4Technology and international income distribution : the ricardian model59Ch. 5Factor endowments and trade I : the specific factors model79Ch. 6Factor endowments and trade II : the Heckscher-Ohlin model95Ch. 7Imperfect competition, increasing returns, and product variety121Ch. 8Resource trade, outsourcing, and product fragmentation133Ch. 9International factor movements : labor and capital151Ch. 10Protection and the national welfare169Ch. 11The political economy of protection187Ch. 12Trade policy and imperfect competition203Ch. 13Trade controls in practice227Ch. 14Preferential arrangements and regional issues in trade policy245Ch. 15The balance of payments accounts273Ch. 16The foreign exchange market and trade elasticities291Ch. 17National income and the trade balance307Ch. 18Spending and the exchange rate in the Keynesian model327Ch. 19The money supply, the price level, and the balance of payments353Ch. 20Developing countries and other small open economies with nontraded goods391Ch. 21The globalization of financial markets411Ch. 22The Fundell-Fleming model with partial international capital mobility445Ch. 23Fiscal and monetary policy under modern financial market conditions467Ch. 24Crises in emerging markets489Ch. 25Interdependence and policy coordination525Ch. 26Supply and inflation543Ch. 27Expectations, money, and the determination of the exchange rate573Ch. 28Exchange rate forecasting and risk607
\ BooknewsCovers a conventional line of topics and can serve with some additional material as the basis for a full-year course at the undergraduate level or for separate semester (quarter) courses on the real and financial aspects of international trade. This edition includes revised treatment of regional economic integration, tariff reduction, unemployment, international trade in developing countries, and multinational enterprise. No flashy illustrations, color or otherwise. Annotation c. Book News, Inc., Portland, OR (booknews.com)\ \
