International Economics: An Introduction to Theory and Policy

Paperback | November 1, 2013

byRajat Acharyya

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Over the last three decades, there has been a greater interdependence between economies than ever before due to fragmentation and outsourcing of production processes, increasing mobility of people, international capital flows, and flexible exchange rate regimes. International Economicsinitiates students to these changes in the global economic scenario by combining current research and new perspectives with conventional theoretical wisdom.Complementing trade theories with relevant trade empirics, the book analyses a wide range of policy issues in the present wave of globalization relating to: DT product standards and regulationsDT impact of environment on tradeDT labour and quality standardsDT bilateralism, regionalism, and multilateralism, with a focus on debates at the WTODT the growing expansion of service exportsDT the linkages between trade and inclusive growthUnlike most textbooks on the subject that begin with model-specific discussions, this book takes a distinctively different approach. It first introduces the basic principles underlying international exchange, trade, and exchange rate policies, and then goes on to offer alternative theoreticalexplanations for these principles by using specific models of trade. Accessible and up-to-date, the book offers handy study aids in the form of clearly defined summary concepts, keywords, case studies, problem-solving exercises, and suggested reading for students and teachers of internationaleconomics.

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Over the last three decades, there has been a greater interdependence between economies than ever before due to fragmentation and outsourcing of production processes, increasing mobility of people, international capital flows, and flexible exchange rate regimes. International Economicsinitiates students to these changes in the global e...

Rajat Acharyya is Professor in the Department of Economics at Jadavpur University, Kolkata.

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Format:PaperbackDimensions:600 pages, 9.65 × 7.09 × 0.68 inPublished:November 1, 2013Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198079761

ISBN - 13:9780198079767

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Table of Contents

List of Tables, Figures, and BoxesPrefaceIntroductionPart I: Basis and Gains From Inter-Industry Trade1. Basis of Inter-Industry Trade2. Gains from Trade3. Comparative Advantage and Gains from Trade4. International Equilibrium and the Terms of TradePart II: Theories of Comparative Advantage and Patterns of Trade5. Technology and Trade6. Factor Endowment and Trade7. Digressions on Factor Endowment Theory and Trade EmpiricsPart III: Basis and Gains From Intra-Industry Trade8. Theories of Intra-Industry TradePart IV: Trade Intervention and Coodination9. Import Tariff and Export Subsidies10. Quantitative Restrictions, Non-tariff Barriers, and Equivalence11. Market Imperfection and Trade Policy12. Political Economy and Trade Policy13. Market Failure, Distortions, and Trade Policy14. Multilateralism and RegionalismPart V: Input Trade, Services, and Growth15. Trade, Growth, and Inclusion16. Factor Trade, Foreign Capital Flow and Migration17. Services TradePart VI: Standards, Regulations, and Multilateral Trade Agreement18. Product Standards, Regulations, and Trade19. World Trade Organization and Trade AgreementsPart VII: Theory of Balance of Payments and Open Economy Macroeconomics20. Balance of Payments and National Income Accounting21. National Income and Current Account Balance: The Income Approach22. International Currency Systems and Exchange Rate Regimes23. BOP Adjustment Policies in a Pegged Exchange Rate Regime24. Money, Price, and Exchange Rate25. Currency Regimes RevisitedGlossary of International AgenciesIndexAbout the Author