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by Paul R. Krugman (Author), Maurice Obstfeld (Author), Marc Melitz (Author)
About the author
Paul Krugman is a professor in the Department of Economics and in the Woodrow Wilson School of Public and International Affairs at Princeton University . Over the last 30 years, he has contributed to numerous academic journals as well as to the public discourse on economics and as an op-ed columnist for The NY Times . He is the author of over 20 bestselling books and has written more than 200 papers and articles for various professional journal volumes and newspapers. He is acclaimed in the field of economics for insights into international trade patterns that overturned long-held theories about the global economy. In 2008, he was awarded the Nobel Prize in economics and was recognized for his analysis of trade patterns and location of economic activity.
Maurice Obstfeld is a Professor of Economics and Director of the Center for International and Development Economic Research (CIDER) at the University of California, Berkeley. He also serves as honorary advisor to the Bank of Japan's Institute of Monetary and Economic Studies. Among Professor Obstfeld's honors are the Carroll Round Keynote Lecture, Woodward Lecture, and Bernhard Harms Prize and Lecture in 2004. Professor Obstfeld is a Fellow of the Econometric Society and the American Academy of Arts and Sciences.
Marc Melitz is a Professor of Economics at Harvard University. His research is focused on producer-level responses to globalization. His research is focused on producer-level responses to globalization. The Melitz model helps to explain variations in export and foreign direct investment patterns and is now widely used in the field of international trade and has become a cornerstone of trade theory. Melitz is also associate editor of the Journal of International Economics and Economic Journal, a foreign editor for the Review of Economic Studies, and is a research fellow at the Center for Economic Policy Research and a faculty research fellow with the National Bureau of Economic Research. His research has been funded by the National Science Foundation, the Weatherhead Center for International Affairs, and the Alfred P. Sloan Foundation.
About this book
For courses in International Trade
A balanced approach to theory and policy applications
International Trade: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to international trade theory is followed by detailed coverage of policy applications. With this new edition, the author team continues to set the standard for International Trade courses.
This eleventh edition comes out at a time when we are more aware than ever before of how events in the global economy influence each country’s economic fortunes, policies, and political debates. The world that emerged from World War II was one in which trade, financial, and even communication links between countries were limited. Nearly two decades into the 21st century, however, the picture is very different. Globalization has arrived, big time. International trade in goods and services has expanded steadily over the past six decades thanks to declines in shipping and communication costs, globally negotiated reductions in government trade barriers, the widespread outsourcing of production activities, and a greater awareness of foreign cultures and products. New and better communications technologies, notably the Internet, have revolutionized the way people in all countries obtain and exchange information. International trade in financial assets such as currencies, stocks, and bonds has expanded at a much faster pace even than international product trade. This process brings benefits for owners of wealth but also creates risks of contagious financial instability. Those risks were realized during the recent global financial crisis, which spread quickly across national borders and has played out at huge cost to the world economy. Of all the changes on the international scene in recent decades, however, perhaps the biggest one remains the emergence of China—a development that is already redefining the international balance of economic and political power in the coming century.
This program provides a better teaching and learning experience–for you and your students. It will help you to:
- Personalize learning with MyEconLab: This online homework, tutorial, and assessment program fosters learning and provides tools that help instructors to keep students on track.
- Reveal theory and applications of international trade: Balanced coverage of theory and applications aids student retention and highlights the relevance of course material.
- Give students learning tools to master course material: Numerous in-text learning resources engage students and encourage further exploration of course topics.
- Provide the most updated coverage: Thoroughly updated content ensures that students are up to date on key issues.
Table of contents
1 Introduction
PART 1 International Trade Theory
2 World Trade: An Overview
3 Labor Productivity and Comparative Advantage: The Ricardian Model
4 Specific Factors and Income Distribution
5 Resources and Trade: The Heckscher-Ohlin Model
6 The Standard Trade Model
7 External Economies of Scale and the International Location of Production
8 Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
Part 2 International Trade Policy
9 The Instruments of Trade Policy
10 The Political Economy of Trade Policy
11 Trade Policy in Developing Countries
12 Controversies in Trade Policy
Mathematical Postscripts
Series: Pearson Series in Economics
Length: 366 pages
Publisher: Pearson; 11 global edition (July 5, 2018)
Language: English
ISBN 10: 1-292-21635-2
ISBN 13: 978-1-292-21635-5
Pearson__International trade _ theory & policy_11 global ed.pdf
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