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A fresh and up to date approach with an emphasis on empirical evidence
List of contents
PART I: INTRODUCTION TO INTERNATIONAL TRADE
Trade in the Global Economy
PART II: PATTERNS OF INTERNATIONAL TRADE
Trade and Technology: The Ricardian Model
Gains and Losses from Trade in the Specific-Factors Model
Trade and Resources: The Heckscher-Ohlin Model
Movement of Labor and Capital between Countries
PART III: NEW EXPLANATIONS FOR INTERNATIONAL TRADE
Increasing Returns to Scale and Monopolistic Competition
Offshoring of Goods and Services
PART IV: INTERNATIONAL TRADE POLICIES
Import Tariffs and Quotas under Perfect Competition
Import Tariffs and Quotas under Imperfect Competition
Export Subsidies in Agriculture and High-Technology Industries
International Agreements: Trade, Labor, and the Environment
PART V: INTRODUCTION TO INTERNATIONAL MACROECONOMICS
The Global Macroeconomy
PART VI: EXCHANGE RATES
Introduction to Exchange Rates and the Foreign Exchange Market
Exchange Rates I: The Monetary Approach in the Long Run
Exchange Rates II: The Asset Approach in the Short Run
PART VII: THE BALANCE OF PAYMENTS
National and International Accounts: Income, Wealth, and the Balance of Payments
Balance of Payments I: The Gains from Financial Globalization
Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run
PART VIII: APPLICATIONS AND POLICY ISSUES
Fixed versus Floating: International Monetary Experience
Exchange Rate Crises: How Pegs Work and How They Break
The Euro
Topics in International Macroeconomics
About the author
Robert C. Feenstra is a Professor in the Department of Economics at the University of California, Davis, USA. He also directs the International Trade and Investment program at the National Bureau of Economic Research in Cambridge, Massachusetts. He is a former editor of the 'Journal of International Economics' and an associate editor of the American Economic Review). In September 2006 he received the Bernhard-Harms Prize from the Kiel Institute of World Economics in Germany.
Alan M. Taylor is a Professor in the Department of Economics at the University of California, Davis, USA. He is also a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts and a Research Fellow of the Centre for Economic Policy Research in London. He serves on the editorial boards of the 'Journal of Economic Literature' and the 'Journal of International Money and Finance'.
