International Economics : Theories, Themes and Debates

by Lawler, K. A.; Seddighi, Hamid R.

• ISBN13: 9780273643319
• ISBN10: 0273643312
• Format: Paperback
• Copyright: 2001-03-01
• Publisher: Trans-Atlantic Pubns

Summary

International Economics provides a modern and accessible analytical framework for understanding international events in economic relations. The book covers leading controversies in modelling exchange rates, new protectionism, strategic trade policies and new global developments including the Asia Pacific Rim and China. The strength of the book is that it includes the latest research into new developments in telecommunications, internet advertising and global industry. In every area of international economics, this book is more advanced at dealing with pure theory, developments in theories, game theory, cointegration, modelling and trade strategy. An advanced text on international economics and trade, this book will be appropriate for final year students of economics, MA, MSC, MBA and students beginning a PHD. The book will be appropriate for advanced international economics courses or courses in international trade.

Table of Contents

List of contributors	ix
Foreword	xi
Preface	xiii
Scope of the book	xiv
Acknowledgements	xv
Part One THEORETICAL ISSUES AND APPLICATIONS	1	(132)
An overview of classical trade theories and pure theories of trade: Ricardo	3	(14)
Comparative advantage and factor endowments	17	(16)
The Stolper-Samuelson Theorem: protection and real wages	33	(17)
Optimality and free trade: the gains from trade	50	(15)
An evaluation of the static H-O-S theory of trade	65	(16)
Application: Heckscher-Ohlin-Samuelson type trade	81	(15)
Oligopoly in new world markets: a case study of duopoly	96	(9)
Oligopoly and world trade: OPEC	105	(13)
OPEC's dominant strategy and potential entry	118	(15)
Part Two NEW DEVELOPMENTS AND THEMES IN WORLD TRADE	133	(108)
Customs unions, regionalism vs. multilateralism	135	(13)
New regionalism and GCC trade: new directions	148	(24)
Trade and development: the Asian `Tigers'	172	(37)
Transition economies	209	(32)
Part Three EXCHANGE RATE AND TRADE ISSUES	241	(46)
Exchange rates: fundamentals, random walks and volatility	243	(10)
Exchange rate variability and trade	253	(19)
The Maastricht Treaty: EU convergence, unemployment and inflation	272	(15)
Part Four GLOBAL ISSUES	287	(106)
Global telecom development and Internet advertising	289	(25)
Trade and telecommunications in the Indian Ocean Region	314	(15)
The global brewers	329	(12)
Emerging markets and convergence	341	(12)
Foreign direct investment and multinational enterprise	353	(13)
Foreign direct investment in China since 1978	366	(13)
China and world trade	379	(14)
Index	393