International Economics: Theory and Policy

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Addison-Wesley, 2000 - Business & Economics - 750 pages

International Economics, the best-selling textbook in the field, is written by two of the world's preeminent economists. Both the real trade portion of the book and the monetary portion are divided into a core of chapters focused on theory, followed by chapters applying the theory major policy questions, past and current. International Economics presents an integrated treatment of Ricardian, specific factors, factor endowments, and imperfect competition models of trade, along with in-depth analysis of empirical evidence. It covers the effects and causes of trade policy, including strategic trade policy, focusing on the income-distribution effects of trade. The book provides a unified model of open-economy macroeconomics based on an asset-market approach to exchange rate determination with a central role for expectations. The new edition contains updated coverage of the euro and of the causes and likely effects of economic and monetary union (EMU) in Europe. It also features an up-to-date treatment of developing countries' experiences in an all-new Chapter 22. The chapter focuses on long-run income convergence, disinflation and exchange rate regimes, recent crises in Latin America, Russia, and Asia, and reform of the international financial "architecture."

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Contents

Introduction
1
INTERNATIONAL TRADE THEORY
9
Specific Factors and Income Distribution
37
Copyright

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About the author (2000)

Paul Krugman was born on February 28, 1953. He received a B.S. in economics from Yale University in 1974 and a Ph.D from MIT in 1977. From 1982 to 1983, he worked at the Reagan White House as a member of the Council of Economic Advisers. He taught at numerous universities including Yale University, MIT, UC Berkeley, the London School of Economics, and Stanford University before becoming a professor of economics and international affairs at Princeton University in 2000. He has written over 200 scholarly papers and 20 books including Peddling Prosperity; International Economics: Theory and Policy; The Great Unraveling; and The Conscience of a Liberal. Since 2000, he has written a twice-weekly column for The New York Times. He received the 1991 John Bates Clark Medal and the 2008 Nobel Memorial Prize in Economic Sciences. His title End This Depression Now! made The New York Times Best Seller List for 2012.

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