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International economics theory & policy / Paul R. Krugman , Maurice Obstfeld , Marc J. Melitz.

By: Contributor(s): Material type: TextTextLanguage: English Publisher: Harlow : Pearson, [2022]Copyright date: ©2023Edition: Twelfth edition, Global editionDescription: 817 sidor illustrationerContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9781292409719
  • 1292409711
Subject(s): DDC classification:
  • 337 23/swe
LOC classification:
  • HF1359
Other classification:
  • Qaach
  • Qadi
Contents:
Part 1 : International Trade Theory – Introduction -- World trade : an overview -- Labor productivity and comparative advantage : the Ricardian model -- Specific factors and income distribution -- Resources and trade: the Heckscher-Ohlin model -- The standard trade model -- External economies of scale and the international location of production -- Firms in the global economy: export decisions, outsourcing, and multinational enterprises – Part 2: International Trade Policy -- The instruments of trade policy -- The political economy of trade policy -- Trade policy in developing countries -- Controversies in trade policy – Part 3 : Exchange rates and open-economy macroeconomics -- National income accounting and the balance of payments -- Exchange rates and the foreign exchange market : an asset approach -- Money, interest rates, and exchange rates -- Price levels and the exchange rate in the long run -- Output and the exchange rate in the short run -- Fixed exchange rates and foreign exchange intervention – Part 4 : International Macroeconomic Policy -- International monetary systems: an historical overview -- Financial globalization : opportunity and crisis -- Optimum currency areas and the euro -- Developing countries: growth, crisis, and reform -- Mathematical postscripts
Summary: "Nothing illustrates better than the COVID-19 pandemic how movements of people, flows of data, and commerce connect our interdependent world. Because pathogens do not respect national borders, the SARS-CoV-2 virus caused a global economic shock and a worldwide downturn, sending governments throughout the world scrambling for policies to stop the spread of the disease while supporting their economies. As this book went to press, the crisis was still underway, with the arrival of several effective vaccines giving hope of a road back to normalcy. Many lessons will be drawn from the recent pandemic experience, but one is the importance of an international perspective for analyzing events of worldwide economic significance and countries' responses. The purpose of this book is to equip students with intellectual tools for understanding the economic implications of global interdependence. We have thoroughly updated the content and extensively revised several chapters. These revisions respond both to users' suggestions and to some important developments on the theoretical and practical sides of international economics."

Includes index

Part 1 : International Trade Theory – Introduction -- World trade : an overview -- Labor productivity and comparative advantage : the Ricardian model -- Specific factors and income distribution -- Resources and trade: the Heckscher-Ohlin model -- The standard trade model -- External economies of scale and the international location of production -- Firms in the global economy: export decisions, outsourcing, and multinational enterprises – Part 2: International Trade Policy -- The instruments of trade policy -- The political economy of trade policy -- Trade policy in developing countries -- Controversies in trade policy – Part 3 : Exchange rates and open-economy macroeconomics -- National income accounting and the balance of payments -- Exchange rates and the foreign exchange market : an asset approach -- Money, interest rates, and exchange rates -- Price levels and the exchange rate in the long run -- Output and the exchange rate in the short run -- Fixed exchange rates and foreign exchange intervention – Part 4 : International Macroeconomic Policy -- International monetary systems: an historical overview -- Financial globalization : opportunity and crisis -- Optimum currency areas and the euro -- Developing countries: growth, crisis, and reform -- Mathematical postscripts

"Nothing illustrates better than the COVID-19 pandemic how movements of people, flows of data, and commerce connect our interdependent world. Because pathogens do not respect national borders, the SARS-CoV-2 virus caused a global economic shock and a worldwide downturn, sending governments throughout the world scrambling for policies to stop the spread of the disease while supporting their economies. As this book went to press, the crisis was still underway, with the arrival of several effective vaccines giving hope of a road back to normalcy. Many lessons will be drawn from the recent pandemic experience, but one is the importance of an international perspective for analyzing events of worldwide economic significance and countries' responses. The purpose of this book is to equip students with intellectual tools for understanding the economic implications of global interdependence. We have thoroughly updated the content and extensively revised several chapters. These revisions respond both to users' suggestions and to some important developments on the theoretical and practical sides of international economics."

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