9780198079767

International Economics An Introduction to Theory and Policy

by
  • ISBN13:

    9780198079767

  • ISBN10:

    0198079761

  • Format: Paperback
  • Copyright: 10/25/2013
  • Publisher: Oxford University Press
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Summary

Over the last three decades, there has been a greater interdependence between economies than ever before due to fragmentation and outsourcing of production processes, increasing mobility of people, international capital flows, and flexible exchange rate regimes. International Economics initiates students to these changes in the global economic scenario by combining current research and new perspectives with conventional theoretical wisdom.

Complementing trade theories with relevant trade empirics, the book analyses a wide range of policy issues in the present wave of globalization relating to product standards and regulations; impact of environment on trade; labour and quality standards; bilateralism, regionalism, and multilateralism, with a focus on debates at the WTO; the growing expansion of service exports; and the linkages between trade and inclusive growth.

Unlike most textbooks on the subject that begin with model-specific discussions, this book takes a distinctively different approach. It first introduces the basic principles underlying international exchange, trade, and exchange rate policies, and then goes on to offer alternative theoretical explanations for these principles by using specific models of trade. Accessible and up-to-date, the book offers handy study aids in the form of clearly defined summary concepts, keywords, case studies, problem-solving exercises, and suggested reading for students and teachers of international economics.

Author Biography


Rajat Acharyya, Professor, Department of Economics, Jadavpur University, Kolkata

Rajat Acharyya is Professor, Department of Economics, Jadavpur University, Kolkata.

Table of Contents


List of Tables
Figures, and Boxes
Preface
Introduction
PART I: BASIS AND GAINS FROM INTER-INDUSTRY TRADE
1. Basis of Inter-Industry Trade
2. Gains from Trade
3. Comparative Advantage and Gains from Trade
4. International Equilibrium and the Terms of Trade
PART II: THEORIES OF COMPARATIVE ADVANTAGE AND PATTERNS OF TRADE
5. Technology and Trade
6. Factor Endowment and Trade
7. Digressions on Factor Endowment Theory and Trade Empirics
PART III: BASIS AND GAINS FROM INTRA-INDUSTRY TRADE
8. Theories of Intra-Industry Trade
PART IV: TRADE INTERVENTION AND COORDINATION
9. Import Tariff and Export Subsidies
10. Quantitative Restrictions, Non-tariff Barriers, and Equivalence
11. Market Imperfection and Trade Policy
12. Political Economy and Trade Policy
13. Market Failure, Distortions, and Trade Policy
14. Multilateralism and Regionalism
PART V: INPUT TRADE, SERVICES, AND GROWTH
15. Trade, Growth, and Inclusion
16. Factor Trade, Foreign Capital Flow and Migration
17. Services Trade
PART VI: STANDARDS, REGULATIONS, AND MULTILATERAL TRADE AGREEMENTS
18. Product Standards, Regulations, and Trade
19. World Trade Organization and Trade Agreements
PART VII: THEORY OF BALANCE OF PAYMENTS AND OPEN ECONOMY MACROECONOMICS
20. Balance of Payments and National Income Accounting
21. National Income and Current Account Balance: The Income Approach
22. International Currency Systems and Exchange Rate Regimes
23. BOP Adjustment Policies in a Pegged Exchange Rate Regime
24. Money, Price, and Exchange Rate
25. Currency Regimes Revisited
Glossary of International Agencies
Index
About the Author
List of Tables
Figures, and Boxes
Preface
Introduction
PART I: BASIS AND GAINS FROM INTER-INDUSTRY TRADE
1. Basis of Inter-Industry Trade
2. Gains from Trade
3. Comparative Advantage and Gains from Trade
4. International Equilibrium and the Terms of Trade
PART II: THEORIES OF COMPARATIVE ADVANTAGE AND PATTERNS OF TRADE
5. Technology and Trade
6. Factor Endowment and Trade
7. Digressions on Factor Endowment Theory and Trade Empirics
PART III: BASIS AND GAINS FROM INTRA-INDUSTRY TRADE
8. Theories of Intra-Industry Trade
PART IV: TRADE INTERVENTION AND COORDINATION
9. Import Tariff and Export Subsidies
10. Quantitative Restrictions, Non-tariff Barriers, and Equivalence
11. Market Imperfection and Trade Policy
12. Political Economy and Trade Policy
13. Market Failure, Distortions, and Trade Policy
14. Multilateralism and Regionalism
PART V: INPUT TRADE, SERVICES, AND GROWTH
15. Trade, Growth, and Inclusion
16. Factor Trade, Foreign Capital Flow and Migration
17. Services Trade
PART VI: STANDARDS, REGULATIONS, AND MULTILATERAL TRADE AGREEMENTS
18. Product Standards, Regulations, and Trade
19. World Trade Organization and Trade Agreements
PART VII: THEORY OF BALANCE OF PAYMENTS AND OPEN ECONOMY MACROECONOMICS
20. Balance of Payments and National Income Accounting
21. National Income and Current Account Balance: The Income Approach
22. International Currency Systems and Exchange Rate Regimes
23. BOP Adjustment Policies in a Pegged Exchange Rate Regime
24. Money, Price, and Exchange Rate
25. Currency Regimes Revisited
Glossary of International Agencies
Index
About the Author

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