International Trade: Theory and Policy, Global Edition

Description: "International Economics: Theory and Policy" by Paul R. Krugman is a comprehensive textbook that explores the principles of international economics. Here’s a summary of its key themes and concepts: Foundations of International Trade: The book begins by discussing the theories of international trade, including comparative advantage and the benefits of trade. It explains how trade can enhance efficiency and increase welfare among countries. Trade Policies and Instruments: Krugman examines various trade policies, including tariffs, quotas, and subsidies, analyzing their effects on domestic and international markets. He discusses the rationale behind protectionism and the implications for global trade dynamics. Balance of Payments: The concept of balance of payments is introduced, detailing how countries record their international transactions. Krugman explains the significance of the current account and capital account in understanding economic stability. Exchange Rates and Currency Markets: The book covers the determination of exchange rates, the role of currency markets, and the impact of exchange rate fluctuations on trade and investment. Krugman discusses both fixed and floating exchange rate systems. Globalization and Economic Integration: Krugman addresses the effects of globalization, including the rise of multinational corporations and regional trade agreements. He discusses how economic integration affects domestic economies and global trade patterns. Macroeconomic Policy in an Open Economy: The author explores the interaction between macroeconomic policy and international economics, including how fiscal and monetary policies can influence exchange rates and trade balances. Current Issues in International Economics: The book also addresses contemporary issues such as trade wars, the role of international organizations (like the WTO), and challenges posed by emerging economies. Krugman's "International Economics" provides a thorough grounding in both the theoretical and practical aspects of international trade and finance, making it an essential resource for understanding the complexities of the global economy.

Price: 14.94 GBP

Location: Rotherham

End Time: 2024-12-26T14:56:07.000Z

Shipping Cost: 31.45 GBP