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International Economics in the Age of Globalization - Wilson B. Brown

International Economics in the Age of Globalization

Paperback Published: 1st May 2000
ISBN: 9781551112619
Number Of Pages: 792

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International Economics in the Age of Globalization provides the intellectual basis for an understanding of the increasingly integrated world economy.

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International Economics In the Age of Globalization provides the intellectual basis for an understanding of the increasingly integrated world economy.

Prefacep. 11
The Nature of International Economicsp. 15
Globalizationp. 16
International Economics in Daily Lifep. 18
The Growth of Economic Interdependencep. 24
Statistics with Some Grains of Saltp. 31
Looking Forwardp. 39
Vocabulary and Concepts / Questionsp. 39
Notesp. 40
International Trade
The Theory of Comparative Advantagep. 43
The Gains from Trade in General Equilibriump. 46
The Gains from Trade in Partial Equilibriump. 61
Relaxing the Assumptionsp. 64
Conclusionp. 72
Offer Curvesp. 73
Vocabulary and Concepts / Questionsp. 76
Notesp. 78
The Sources of Comparative Advantagep. 79
Factor Proportions: The Heckscher-Ohlin Modelp. 80
Two Challenges to the Heckscher-Ohlin Modelp. 88
Why Trade Arises among Similar Countriesp. 98
Segmented Markets as an Explanation for Tradep. 110
What Could Trigger the Direction of Specialization?p. 120
Dislocation and Intraindustrial Tradep. 129
Conclusionp. 130
Vocabulary and Concepts / Questionsp. 130
Notesp. 132
Tariffs, Quotas, and VERsp. 137
Tariffsp. 138
Analysis of Tariffs: Their Effectsp. 145
Quotas and Their Economic Effectsp. 163
Voluntary Export Restraintsp. 173
The Terms-of-Trade Effect in General Equilibriump. 180
Vocabulary and Concepts / Questionsp. 182
Notesp. 183
The Face of Modern Protectionismp. 187
Subsidy and Tax Issuesp. 188
Administrative Protectionp. 196
Technical, Health, Safety, and Environmental Standardsp. 203
How Can Distortions To Trade Be Compared?p. 216
Playing the Protectionist Instrumentsp. 218
Conclusionp. 234
Vocabulary and Concepts / Questionsp. 235
Notesp. 236
The Political Economy of Trade Barriersp. 241
A Short History of Trade Policyp. 242
The Uruguary Round and the World Trade Organizationp. 253
Why Do Countries Persist in Protectionism?p. 266
The Arguments for Trade Barriersp. 270
Conclusionp. 292
Vocabulary and Concepts / Questionsp. 292
Notesp. 294
Unfair Trade Practicesp. 299
Dumpingp. 301
Subsidiesp. 320
Other Unfair Trade Practicesp. 327
Conclusionp. 332
Vocabulary and Concepts / Questionsp. 333
Notesp. 334
National Trade Policiesp. 339
Managed Tradep. 340
Strategic Trade Policyp. 342
Japanese Use of a National Trade Strategyp. 356
Adjusting to Trade as a National Strategyp. 366
Trade Sanctionsp. 374
Vocabulary and Concepts / Questionsp. 383
Notesp. 384
Economic Integrationp. 391
The Types of Economic Integrationp. 392
The Great Debate: Trade Creation or Trade Diversionp. 395
Dynamic Effects of Economic Integrationp. 401
A Checklist of Conditions for Welfare Improvementp. 404
The Major Examples of Economic Integrationp. 405
Very Large Ptasp. 427
Ptas with a Rich Patronp. 430
Regional Trade Arrangements in the LDCsp. 434
Foreign Trade Zones: Little Bits of Free Tradep. 437
Conclusionp. 440
Vocabulary and Concepts / Questionsp. 441
Notesp. 442
International Macroeconomics: Saving, Growth, and Finance
Saving, Investment, and the Trade Balancep. 451
How Can Countries Have Trade Imbalances?p. 452
The Three Real Imbalances: Imports-Exports, Saving-Investment, and Output-Absorptionp. 454
Financial Markets: Borrowing and Lendingp. 465
Trade Imbalances as Problems and Symptomsp. 469
Total Investment Equals Total Savingp. 479
The International Capital Market and National Savingp. 479
Government Saving and Trade Deficits: The Twin Deficit Questionp. 480
Private Savingp. 484
Conclusionp. 487
Where to Find the Numbersp. 488
Vocabulary and Concepts / Questionsp. 489
Notesp. 491
The Balance of Paymentsp. 493
Why Study the Balance of Payments?p. 493
What a Balance-of-Payments Statement Showsp. 494
Balance-of-Payments Accountingp. 494
The Structure of the Balance of Paymentsp. 497
Using Balance-of-Payments Statements as Analytical Toolsp. 505
The World Deficitp. 515
Conclusionp. 517
Vocabulary and Concepts / Questionsp. 518
Notesp. 519
Income and Price Effectsp. 521
Income and Price Changesp. 522
Income Effectsp. 529
Some International Implicationsp. 533
Price and Income: Two Intriguing Casesp. 540
Conclusionp. 544
Vocabulary and Concepts / Questionsp. 545
Notesp. 546
Interest Rates, Prices, and Foreign Exchangep. 547
The Foreign Exchange Marketp. 548
The Vast Sums Tradedp. 557
Interest Rate Parityp. 558
The Longer Run: Price Levels and Purchasing Power Parityp. 561
International and Domestic Financial Marketsp. 566
Conclusionp. 575
Vocabulary and Concepts / Questionsp. 576
Notesp. 577
Money in the Global Economyp. 579
Three Ways of Looking at Money's Relation to Real Outputp. 580
Modeling the Effects of the Money Supplyp. 583
Markets for Funds and Markets for Liquidityp. 584
Monetary Policyp. 585
National Money Supplies and Global Flowsp. 585
The Role of Money in Correcting Serious Balance-of-Payments Difficultiesp. 592
The Problem of Large Capital Flowsp. 597
Monetary and Fiscal Policy Togetherp. 602
Conclusionp. 607
Vocabulary and Concepts / Questionsp. 607
Notesp. 609
Exchange Rate Adjustmentp. 611
What Countries Really Dop. 612
The Role of the Exchange Rate in Adjusting to Payments Difficultiesp. 614
Exchange Controlp. 629
The Once-and-for-all Devaluation after Great Inflationp. 631
Revaluation (Upward Valuation)p. 633
Price Sensitivity: What Happens When Price Effects Work Slowlyp. 634
Exchange Rate Changes and the EXIN Modelp. 640
Conclusionp. 642
Vocabulary and Concepts / Questionsp. 642
Notesp. 644
International Financial Marketsp. 645
The Functions of Financial Marketsp. 645
The Advantages of Large Marketsp. 647
An Overview of the International Marketsp. 649
Eurodollars, T-accounts, and Monetary Expansionp. 654
Derivative and Swap Marketsp. 655
Continuing Changes in the International Capital Marketp. 668
Implications of the Changesp. 671
Conclusionp. 673
Vocabulary and Concepts / Questionsp. 673
Notesp. 675
International Monetary Institutions (I)p. 677
The International System under the Gold Standardp. 678
The 1920s: Pegged Exchange Ratesp. 685
The Great Depressionp. 691
The Bretton Woods System: 1947-1973p. 691
Reserve Currenciesp. 700
Special Drawing Rightsp. 701
Borrowing: Swap Linesp. 704
The End of the Bretton Woods Systemp. 704
The Bretton Woods System: An Assessmentp. 705
Vocabulary and Concepts / Questionsp. 706
Notesp. 708
International Monetary Institutions (II)p. 709
The Oil Crisesp. 710
Floating Exchange Ratesp. 713
The Debt Crisesp. 717
Currencies and Governments: How Many Currencies?p. 741
Deja Vu All Over Againp. 748
Vocabulary and Concepts / Questionsp. 750
Notesp. 751
Multinational Firms, Foreign Direct Investment, and Globalizationp. 753
Foreign Direct Investment and the Multinational Firmp. 754
FDI in Recent Yearsp. 757
The Theory of Foreign Direct Investmentp. 762
Possible Reasons for the Recent Increase in FDIp. 771
Extent of the Firm's Freedom from Market Constraintsp. 772
Issues MNFs Raisep. 774
Conclusionp. 777
Vocabulary and Concepts / Questionsp. 778
Notesp. 779
Indexp. 781
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9781551112619
ISBN-10: 1551112612
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 792
Published: 1st May 2000
Country of Publication: CA
Dimensions (cm): 22.9 x 17.8  x 4.45
Weight (kg): 1.37

Earn 174 Qantas Points
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