The International Economy

ISBN-13: 9780521644358 / Angielski / Miękka / 2000 / 624 str.

Peter B. Kenen

Opis

This text is an introduction to international economics for upper-level undergraduates and above. The first half examines the causes and effects of international trade, how tariffs and other trade policies affect the gains from trade, and the ways in which governments try collectively to regulate those policies. The second half deals with monetary matters--the behavior of exchange rates, how trade and capital flows affect the functioning of monetary and fiscal policies, the causes and management of currency crises, and the new European monetary union. This fourth edition assesses the outcome of the Uruguay Round of trade negotiations, the work of the new World Trade Organization (WTO), and the challenges posed by regional trade blocs. A problem set follows each chapter.

Recenzje

'This is a textbook rich in policy and institutional detail, yet rigorous in its exposition of economic ideas. Students will love the real-world orientation, while their professors will appreciate the no-nonsense approach to theory. Just as the author himself, this text is unsurpassed in erudition, wisdom, and practical insights.' Dani Rodrik, Kennedy School, Harvard University

Spis treści

Preface; Part I. Introduction: 1. The nation as an economic unit; Part II. International Trade Theory and Policy: 2. Comparative advantage and the gains from trade; 3. Economic efficiency and comparative advantage; 4. Factor endowments and comparative advantage; 5. Factor substitution and a modified Ricardian model; 6. Factor substitution and the Heckscher-Ohlin model; 7. Imperfect competition and international trade; 8. Trade and factor movements; 9. Instruments and uses of trade policy; 10. The evolution of trade policy; 11. The future of the trading system; Part III. International Monetary Theory and Policy: 12. The balance of payments and foreign exchange market; 13. Incomes and the current account; 14. Exchange rates and the current account; 15. Interest rates and the capital account; 16. Expectations, exchange rates, and the capital account; 17. Stocks, flows, and monetary equilibrium; 18. Asset markets, exchange rates, and economic policy; 19. The evolution of the monetary system; 20. The future of the monetary system; Appendices; List of abbreviations; Index.