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Full Description
The international economy has seen a great deal of change over recent years, and there is much talk in the media of the impact of emerging markets such as India and China. Giving a new perspective on International Economics in the age of globalisation, this engaging text addresses economics with a whole-world perspective, including developing countries and puts emphasis on empirical study. With its many examples pulled from today's headlines, Feenstra/Taylor will be the ideal book for instructors looking for a fresh, up-to-date approach to international economics. KEY FEATURES * Offers a better fit to modern IE modules -- reflects the current emphasis on the role of developing economies * Takes a whole world perspective and includes developing countries * Includes empirical evidence throughout -- helps students understand the models * Includes reference to popular news stories -- engaging for students
Contents
PART ONE: INTRODUCTION TO INTERNATIONAL TRADE Trade in the Global Economy Part Two: Patterns of International Trade Trade and Technology: The Ricardian Model Gains and Losses from Trade in the Specific-Factors Model Trade and Resources: The Heckscher-Ohlin Model Movement of Labor and Capital Between Countries PART THREE: NEW EXPLANATIONS FOR INTERNATIONAL TRADE Increasing Returns to Scale and Imperfect Competition Foreign Outsourcing of Goods and Services INTERNATIONAL TRADE POLICIES Import Tariffs and Quotas under Perfect Competition Import Tariffs and Quotas under Imperfect Competition Export Subsidies in Agriculture and High Technology Industries International Agreements: Trade, Labor and the Environment PART FIVE: INTRODUCTION TO INTERNATIONAL MACROECONOMICS The Global Macroeconomy PART SIX: EXCHANGE RATES Introduction to Exchange Rates and the Foreign Exchange Market Exchange Rates I: The Monetary Approach in the Long Run Exchange Rates Ii: The Asset Approach in the Short Run PART SEVEN: THE BALANCE OF PAYMENTS National and International Accounts: Income, Wealth, and the Balance of Payments The Balance of Payments I: The Gains from Financial Globalization The Balance of Payments Ii: Output, Exchange Rates, and Macroeconomic Policies PART EIGHT: APPLICATIONS AND POLICY ISSUES Fixed Versus Floating: International Monetary Experience Crises The Euro Topics in International Macroeconomics
