Global Economic Issues and Policies with Economic Applications

by Daniels, Joseph P.; VanHoose, David D.

• ISBN13: 9780324071887
• ISBN10: 0324071884
• Edition: 1st
• Format: Hardcover
• Copyright: 2003-01-08
• Publisher: South-Western College Pub

Summary

Traditionally the international economics course has primarily been aimed at students working on an economics major. Today, a broad range of courses in global economic issues and policies are drawing students from a number of disciplines, such as accounting, marketing, political science, and business. This well-known author team created Global Economic Issues and Policies to address the growing needs of students that might experience this subject for the first time. The goal of the text is to emphasize current public-policy issues, which will be used to illustrate essential concepts of international trade and finance. The authors focused their theoretical discussions by staying within the guidelines of the basic economic principles.

Table of Contents

Contents	p. v
Preface	p. xix
Introduction to the Global Economy	p. 1
Understanding the Global Economy	p. 2
Comparative Advantage--How Nations Can Gain from International Trade	p. 34
International Trade--Enduring Issues	p. 61
Sources of Comparative Advantage	p. 62
Regulating International Trade--Trade Policies and Their Effects	p. 90
Regionalism and Multilateralism	p. 124
International Finance--Enduring Issues	p. 159
Balance of Payments and Foreign Exchange Markets	p. 160
Exchange-Rate Systems, Past to Present	p. 202
The Power of Arbitrage--Purchasing Power and Interest Rate Parities	p. 230
Global Money and Banking--Where Central Banks Fit into the World Economy	p. 260
Contemporary Global Economic Issues and Policies	p. 295
Can Globalization Lift All Boats?	p. 296
Industrial Structure and Trade in the Global Economy--Businesses without Borders	p. 340
The Public Sector in the Global Economy	p. 372
Rules versus Discretion--Can Policymakers Stick to Their Promises?	p. 408
Dealing with Financial Crises--Does the World Need a New International Financial Architecture?	p. 442
Glossary	p. 477
Index	p. 489
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