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This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions.
The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods.
The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with macroeconomic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior.
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List of contents
The positive theory of international trade (R.W. Jones, J.P. Neary). The normative theory of international trade (W.M. Corden). Higher dimensional issues in trade theory (W.J. Ethier). Growth and development in trade models (R. Findlay). International factor movements (R.J. Ruffin). Capital theory and trade theory (A. Smith). Increasing returns, imperfect markets, and trade theory (E. Helpman). The role of natural resources in trade models (M.C. Kemp, N. Van Long). Uncertainty in trade models (J. Pomery). Testing trade theories and predicting trade flows (A.V. Deardorff). Trade policies in developing countries (O. Krueger). Trade policies in developed countries (R.E. Baldwin).
Summary
Focuses on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. This title deals with the 'real side' of international economics. It also deals with microeconomic issues and methods.
Report
"This book is a "must"for every international trade economist." --The Economic Record
"The editors and the contributors are to be congratulated for producing a handbook which will be genuinely useful to many advanced students, teachers and research workers in trade theory." --The Manchester School
"It should be on the shelf of anyone seriously interested in international economics." --Journal of Economic Literature
"No one concerned with teaching or research in international trade can afford to be without a copy of this excellent book." --The Economic Journal
"This collection will undoubtedly serve as a valuable reference and teaching aid for many years to come." --The Canadian Journal of Economics
"In conclusion, the Handbook is an important addition to the literature. Specialists in the area will find a wealth of ideas in its 1239 pages." --The Wall Street Review of Books
