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In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.
List of contents
Introduction.- Foundations of Trade Theory: The Classical Theory of Comparative Costs.- The Neoclassical Theory of International Trade.- The Heckscher-Ohlin Model.- The Four Core Theorems.- Some Refinements.- New Explanations for International Trade: The Precursors.- The Models.- Trade Policy: Tariff and Non-Tariff Barriers.- Free Trade vs Protection, and Preferential Trade Cooperation.- The "New" Protectionism.- Growth and Trade: International Trade and Growth - Comparative Statics.- International Trade and Growth - Dynamics.- Endogeneous Growth and Trade, Old and New.- Globalization: Globalization and Economic Geography.- Trade Integration and Wage Inequality.- Appendices.
About the author
Since 1974 professor Giancarlo Gandolfo is full professor of International Economics, Faculty of Economics, Sapienza University of Rome. Since 2005 he is member of the scientific committee of University of Rome La Sapienza Press. His main areas of research are International monetary economics, continuous time econometrics, mathematical methods and models of economic dynamics. He is recipient of several research grants by national and international institutions.
Summary
In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.
