World Trade and Payments: An Introduction / Edition 9

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Renowned for its precise, in-depth coverage of international trade and finance, World Trade and Payments features a balance of the latest research, critical policy issues, and sophisticated economic analysis. The Tenth Edition includes a new chapter that explains trade patterns and income distribution, and subsequent chapters place a greater emphasis on microeconomic examination of recent macroeconomic topics.
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Editorial Reviews

Covers a conventional line of topics and can serve with some additional material as the basis for a full-year course at the undergraduate level or for separate semester (quarter) courses on the real and financial aspects of international trade. This edition includes revised treatment of regional economic integration, tariff reduction, unemployment, international trade in developing countries, and multinational enterprise. No flashy illustrations, color or otherwise. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780321089045
  • Publisher: Addison-Wesley
  • Publication date: 7/28/2001
  • Series: Addison-Wesley Series in Economics
  • Edition description: Older Edition
  • Edition number: 9
  • Pages: 67
  • Product dimensions: 7.75 (w) x 9.50 (h) x 1.25 (d)

Table of Contents

Ch. 1 Introduction 1
Ch. 2 The gains from trade 13
Ch. 3 Applications of the basic model 37
Ch. 4 Technology and international income distribution : the ricardian model 59
Ch. 5 Factor endowments and trade I : the specific factors model 79
Ch. 6 Factor endowments and trade II : the Heckscher-Ohlin model 95
Ch. 7 Imperfect competition, increasing returns, and product variety 121
Ch. 8 Resource trade, outsourcing, and product fragmentation 133
Ch. 9 International factor movements : labor and capital 151
Ch. 10 Protection and the national welfare 169
Ch. 11 The political economy of protection 187
Ch. 12 Trade policy and imperfect competition 203
Ch. 13 Trade controls in practice 227
Ch. 14 Preferential arrangements and regional issues in trade policy 245
Ch. 15 The balance of payments accounts 273
Ch. 16 The foreign exchange market and trade elasticities 291
Ch. 17 National income and the trade balance 307
Ch. 18 Spending and the exchange rate in the Keynesian model 327
Ch. 19 The money supply, the price level, and the balance of payments 353
Ch. 20 Developing countries and other small open economies with nontraded goods 391
Ch. 21 The globalization of financial markets 411
Ch. 22 The Fundell-Fleming model with partial international capital mobility 445
Ch. 23 Fiscal and monetary policy under modern financial market conditions 467
Ch. 24 Crises in emerging markets 489
Ch. 25 Interdependence and policy coordination 525
Ch. 26 Supply and inflation 543
Ch. 27 Expectations, money, and the determination of the exchange rate 573
Ch. 28 Exchange rate forecasting and risk 607
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