International Economics in the Age of Globalization

Name: International Economics in the Age of Globalization
Author: Wilson B. Brown, Jan S. Hogendorn
ISBN: 9781551112619

by Wilson B. Brown, Jan S. Hogendorn

Paperback

International Economics in the Age of Globalization

by Wilson B. Brown, Jan S. Hogendorn

Paperback

Overview

International Economics in the Age of Globalization provides the intellectual basis for an understanding of the increasingly integrated world economy. The requisite background is not solely economic theory, but includes the history and the purposes and workings of the organizations, laws, instruments, and customary practices in the international economy. Economic theory is not limited to the abstract; its concern with institutions has both a practical and theoretical base. How can one evaluate a criticism of the World Trade Organization, a fear of the dangers of financial derivatives, the supposed freedom of a multinational firm, or the presumed unfairness of dumping without knowing both theory and institutions? Where did these institutions come from? What problems are they solving--as well as creating? This book's balance between theory and institutions is akin to texts in Public Expenditure or Money and Banking. The leading international economics texts, in contrast, push the real world into the background and present the subject as a more specialized intermediate theory course, accessible only to people who have a solid theoretical background. The result is that good discussions of many of the key issues in modern international economics simply are not available in the curriculum, or accessible to any but economics majors. This book aims to remedy that failing, challenging economics majors and non-majors alike. It will also be of value to students of business and public affairs and to the economic-literate general public.

FormatPaperback

LanguageEnglish

PublisherUniversity of Toronto Press

Publication DateMay. 1st, 2000

Pages792

ISBN-139781551112619

Dimensions7.68 x 9.09 x 1.65 inches

ISBN-101551112612

Shipping Weight2.75 lbs

All Available Copies Find out more about shipping times from these sellers.

Condition	Price
eBook Obtain a digital book from our friends at eBooks.com. eBooks.com	{{ebooksDotComPrice}} {{ebooksDotComCurrency}}		eBooks.com	Digital edition from eBooks.com
Audio Book Obtain a digital book from our friends at AudiobooksNow.com. AudiobooksNow.com	{{audioBooksNowPrice}} {{audioBooksNowCurrency}}		AudiobooksNow.com	Digital edition from AudiobooksNow.com

Preface	p. 11
The Nature of International Economics	p. 15
Globalization	p. 16
International Economics in Daily Life	p. 18
The Growth of Economic Interdependence	p. 24
Statistics with Some Grains of Salt	p. 31
Looking Forward	p. 39
Vocabulary and Concepts / Questions	p. 39
Notes	p. 40
International Trade
The Theory of Comparative Advantage	p. 43
The Gains from Trade in General Equilibrium	p. 46
The Gains from Trade in Partial Equilibrium	p. 61
Relaxing the Assumptions	p. 64
Conclusion	p. 72
Offer Curves	p. 73
Vocabulary and Concepts / Questions	p. 76
Notes	p. 78
The Sources of Comparative Advantage	p. 79
Factor Proportions: The Heckscher-Ohlin Model	p. 80
Two Challenges to the Heckscher-Ohlin Model	p. 88
Why Trade Arises among Similar Countries	p. 98
Segmented Markets as an Explanation for Trade	p. 110
What Could Trigger the Direction of Specialization?	p. 120
Dislocation and Intraindustrial Trade	p. 129
Conclusion	p. 130
Vocabulary and Concepts / Questions	p. 130
Notes	p. 132
Tariffs, Quotas, and VERs	p. 137
Tariffs	p. 138
Analysis of Tariffs: Their Effects	p. 145
Quotas and Their Economic Effects	p. 163
Voluntary Export Restraints	p. 173
The Terms-of-Trade Effect in General Equilibrium	p. 180
Vocabulary and Concepts / Questions	p. 182
Notes	p. 183
The Face of Modern Protectionism	p. 187
Subsidy and Tax Issues	p. 188
Administrative Protection	p. 196
Technical, Health, Safety, and Environmental Standards	p. 203
How Can Distortions To Trade Be Compared?	p. 216
Playing the Protectionist Instruments	p. 218
Conclusion	p. 234
Vocabulary and Concepts / Questions	p. 235
Notes	p. 236
The Political Economy of Trade Barriers	p. 241
A Short History of Trade Policy	p. 242
The Uruguary Round and the World Trade Organization	p. 253
Why Do Countries Persist in Protectionism?	p. 266
The Arguments for Trade Barriers	p. 270
Conclusion	p. 292
Vocabulary and Concepts / Questions	p. 292
Notes	p. 294
Unfair Trade Practices	p. 299
Dumping	p. 301
Subsidies	p. 320
Other Unfair Trade Practices	p. 327
Conclusion	p. 332
Vocabulary and Concepts / Questions	p. 333
Notes	p. 334
National Trade Policies	p. 339
Managed Trade	p. 340
Strategic Trade Policy	p. 342
Japanese Use of a National Trade Strategy	p. 356
Adjusting to Trade as a National Strategy	p. 366
Trade Sanctions	p. 374
Vocabulary and Concepts / Questions	p. 383
Notes	p. 384
Economic Integration	p. 391
The Types of Economic Integration	p. 392
The Great Debate: Trade Creation or Trade Diversion	p. 395
Dynamic Effects of Economic Integration	p. 401
A Checklist of Conditions for Welfare Improvement	p. 404
The Major Examples of Economic Integration	p. 405
Very Large Ptas	p. 427
Ptas with a Rich Patron	p. 430
Regional Trade Arrangements in the LDCs	p. 434
Foreign Trade Zones: Little Bits of Free Trade	p. 437
Conclusion	p. 440
Vocabulary and Concepts / Questions	p. 441
Notes	p. 442
International Macroeconomics: Saving, Growth, and Finance
Saving, Investment, and the Trade Balance	p. 451
How Can Countries Have Trade Imbalances?	p. 452
The Three Real Imbalances: Imports-Exports, Saving-Investment, and Output-Absorption	p. 454
Financial Markets: Borrowing and Lending	p. 465
Trade Imbalances as Problems and Symptoms	p. 469
Total Investment Equals Total Saving	p. 479
The International Capital Market and National Saving	p. 479
Government Saving and Trade Deficits: The Twin Deficit Question	p. 480
Private Saving	p. 484
Conclusion	p. 487
Where to Find the Numbers	p. 488
Vocabulary and Concepts / Questions	p. 489
Notes	p. 491
The Balance of Payments	p. 493
Why Study the Balance of Payments?	p. 493
What a Balance-of-Payments Statement Shows	p. 494
Balance-of-Payments Accounting	p. 494
The Structure of the Balance of Payments	p. 497
Using Balance-of-Payments Statements as Analytical Tools	p. 505
The World Deficit	p. 515
Conclusion	p. 517
Vocabulary and Concepts / Questions	p. 518
Notes	p. 519
Income and Price Effects	p. 521
Income and Price Changes	p. 522
Income Effects	p. 529
Some International Implications	p. 533
Price and Income: Two Intriguing Cases	p. 540
Conclusion	p. 544
Vocabulary and Concepts / Questions	p. 545
Notes	p. 546
Interest Rates, Prices, and Foreign Exchange	p. 547
The Foreign Exchange Market	p. 548
The Vast Sums Traded	p. 557
Interest Rate Parity	p. 558
The Longer Run: Price Levels and Purchasing Power Parity	p. 561
International and Domestic Financial Markets	p. 566
Conclusion	p. 575
Vocabulary and Concepts / Questions	p. 576
Notes	p. 577
Money in the Global Economy	p. 579
Three Ways of Looking at Money's Relation to Real Output	p. 580
Modeling the Effects of the Money Supply	p. 583
Markets for Funds and Markets for Liquidity	p. 584
Monetary Policy	p. 585
National Money Supplies and Global Flows	p. 585
The Role of Money in Correcting Serious Balance-of-Payments Difficulties	p. 592
The Problem of Large Capital Flows	p. 597
Monetary and Fiscal Policy Together	p. 602
Conclusion	p. 607
Vocabulary and Concepts / Questions	p. 607
Notes	p. 609
Exchange Rate Adjustment	p. 611
What Countries Really Do	p. 612
The Role of the Exchange Rate in Adjusting to Payments Difficulties	p. 614
Exchange Control	p. 629
The Once-and-for-all Devaluation after Great Inflation	p. 631
Revaluation (Upward Valuation)	p. 633
Price Sensitivity: What Happens When Price Effects Work Slowly	p. 634
Exchange Rate Changes and the EXIN Model	p. 640
Conclusion	p. 642
Vocabulary and Concepts / Questions	p. 642
Notes	p. 644
International Financial Markets	p. 645
The Functions of Financial Markets	p. 645
The Advantages of Large Markets	p. 647
An Overview of the International Markets	p. 649
Eurodollars, T-accounts, and Monetary Expansion	p. 654
Derivative and Swap Markets	p. 655
Continuing Changes in the International Capital Market	p. 668
Implications of the Changes	p. 671
Conclusion	p. 673
Vocabulary and Concepts / Questions	p. 673
Notes	p. 675
International Monetary Institutions (I)	p. 677
The International System under the Gold Standard	p. 678
The 1920s: Pegged Exchange Rates	p. 685
The Great Depression	p. 691
The Bretton Woods System: 1947-1973	p. 691
Reserve Currencies	p. 700
Special Drawing Rights	p. 701
Borrowing: Swap Lines	p. 704
The End of the Bretton Woods System	p. 704
The Bretton Woods System: An Assessment	p. 705
Vocabulary and Concepts / Questions	p. 706
Notes	p. 708
International Monetary Institutions (II)	p. 709
The Oil Crises	p. 710
Floating Exchange Rates	p. 713
The Debt Crises	p. 717
Currencies and Governments: How Many Currencies?	p. 741
Deja Vu All Over Again	p. 748
Vocabulary and Concepts / Questions	p. 750
Notes	p. 751
Multinational Firms, Foreign Direct Investment, and Globalization	p. 753
Foreign Direct Investment and the Multinational Firm	p. 754
FDI in Recent Years	p. 757
The Theory of Foreign Direct Investment	p. 762
Possible Reasons for the Recent Increase in FDI	p. 771
Extent of the Firm's Freedom from Market Constraints	p. 772
Issues MNFs Raise	p. 774
Conclusion	p. 777
Vocabulary and Concepts / Questions	p. 778
Notes	p. 779
Index	p. 781
Table of Contents provided by Syndetics. All Rights Reserved.

Find at your local library from our friends at WorldCat	Find Libraries

Overview

Product Details

FormatPaperback

LanguageEnglish

PublisherUniversity of Toronto Press

Publication DateMay. 1st, 2000

Pages792

ISBN-139781551112619

Dimensions7.68 x 9.09 x 1.65 inches

ISBN-101551112612

Shipping Weight2.75 lbs

Preface	p. 11
The Nature of International Economics	p. 15
Globalization	p. 16
International Economics in Daily Life	p. 18
The Growth of Economic Interdependence	p. 24
Statistics with Some Grains of Salt	p. 31
Looking Forward	p. 39
Vocabulary and Concepts / Questions	p. 39
Notes	p. 40
International Trade
The Theory of Comparative Advantage	p. 43
The Gains from Trade in General Equilibrium	p. 46
The Gains from Trade in Partial Equilibrium	p. 61
Relaxing the Assumptions	p. 64
Conclusion	p. 72
Offer Curves	p. 73
Vocabulary and Concepts / Questions	p. 76
Notes	p. 78
The Sources of Comparative Advantage	p. 79
Factor Proportions: The Heckscher-Ohlin Model	p. 80
Two Challenges to the Heckscher-Ohlin Model	p. 88
Why Trade Arises among Similar Countries	p. 98
Segmented Markets as an Explanation for Trade	p. 110
What Could Trigger the Direction of Specialization?	p. 120
Dislocation and Intraindustrial Trade	p. 129
Conclusion	p. 130
Vocabulary and Concepts / Questions	p. 130
Notes	p. 132
Tariffs, Quotas, and VERs	p. 137
Tariffs	p. 138
Analysis of Tariffs: Their Effects	p. 145
Quotas and Their Economic Effects	p. 163
Voluntary Export Restraints	p. 173
The Terms-of-Trade Effect in General Equilibrium	p. 180
Vocabulary and Concepts / Questions	p. 182
Notes	p. 183
The Face of Modern Protectionism	p. 187
Subsidy and Tax Issues	p. 188
Administrative Protection	p. 196
Technical, Health, Safety, and Environmental Standards	p. 203
How Can Distortions To Trade Be Compared?	p. 216
Playing the Protectionist Instruments	p. 218
Conclusion	p. 234
Vocabulary and Concepts / Questions	p. 235
Notes	p. 236
The Political Economy of Trade Barriers	p. 241
A Short History of Trade Policy	p. 242
The Uruguary Round and the World Trade Organization	p. 253
Why Do Countries Persist in Protectionism?	p. 266
The Arguments for Trade Barriers	p. 270
Conclusion	p. 292
Vocabulary and Concepts / Questions	p. 292
Notes	p. 294
Unfair Trade Practices	p. 299
Dumping	p. 301
Subsidies	p. 320
Other Unfair Trade Practices	p. 327
Conclusion	p. 332
Vocabulary and Concepts / Questions	p. 333
Notes	p. 334
National Trade Policies	p. 339
Managed Trade	p. 340
Strategic Trade Policy	p. 342
Japanese Use of a National Trade Strategy	p. 356
Adjusting to Trade as a National Strategy	p. 366
Trade Sanctions	p. 374
Vocabulary and Concepts / Questions	p. 383
Notes	p. 384
Economic Integration	p. 391
The Types of Economic Integration	p. 392
The Great Debate: Trade Creation or Trade Diversion	p. 395
Dynamic Effects of Economic Integration	p. 401
A Checklist of Conditions for Welfare Improvement	p. 404
The Major Examples of Economic Integration	p. 405
Very Large Ptas	p. 427
Ptas with a Rich Patron	p. 430
Regional Trade Arrangements in the LDCs	p. 434
Foreign Trade Zones: Little Bits of Free Trade	p. 437
Conclusion	p. 440
Vocabulary and Concepts / Questions	p. 441
Notes	p. 442
International Macroeconomics: Saving, Growth, and Finance
Saving, Investment, and the Trade Balance	p. 451
How Can Countries Have Trade Imbalances?	p. 452
The Three Real Imbalances: Imports-Exports, Saving-Investment, and Output-Absorption	p. 454
Financial Markets: Borrowing and Lending	p. 465
Trade Imbalances as Problems and Symptoms	p. 469
Total Investment Equals Total Saving	p. 479
The International Capital Market and National Saving	p. 479
Government Saving and Trade Deficits: The Twin Deficit Question	p. 480
Private Saving	p. 484
Conclusion	p. 487
Where to Find the Numbers	p. 488
Vocabulary and Concepts / Questions	p. 489
Notes	p. 491
The Balance of Payments	p. 493
Why Study the Balance of Payments?	p. 493
What a Balance-of-Payments Statement Shows	p. 494
Balance-of-Payments Accounting	p. 494
The Structure of the Balance of Payments	p. 497
Using Balance-of-Payments Statements as Analytical Tools	p. 505
The World Deficit	p. 515
Conclusion	p. 517
Vocabulary and Concepts / Questions	p. 518
Notes	p. 519
Income and Price Effects	p. 521
Income and Price Changes	p. 522
Income Effects	p. 529
Some International Implications	p. 533
Price and Income: Two Intriguing Cases	p. 540
Conclusion	p. 544
Vocabulary and Concepts / Questions	p. 545
Notes	p. 546
Interest Rates, Prices, and Foreign Exchange	p. 547
The Foreign Exchange Market	p. 548
The Vast Sums Traded	p. 557
Interest Rate Parity	p. 558
The Longer Run: Price Levels and Purchasing Power Parity	p. 561
International and Domestic Financial Markets	p. 566
Conclusion	p. 575
Vocabulary and Concepts / Questions	p. 576
Notes	p. 577
Money in the Global Economy	p. 579
Three Ways of Looking at Money's Relation to Real Output	p. 580
Modeling the Effects of the Money Supply	p. 583
Markets for Funds and Markets for Liquidity	p. 584
Monetary Policy	p. 585
National Money Supplies and Global Flows	p. 585
The Role of Money in Correcting Serious Balance-of-Payments Difficulties	p. 592
The Problem of Large Capital Flows	p. 597
Monetary and Fiscal Policy Together	p. 602
Conclusion	p. 607
Vocabulary and Concepts / Questions	p. 607
Notes	p. 609
Exchange Rate Adjustment	p. 611
What Countries Really Do	p. 612
The Role of the Exchange Rate in Adjusting to Payments Difficulties	p. 614
Exchange Control	p. 629
The Once-and-for-all Devaluation after Great Inflation	p. 631
Revaluation (Upward Valuation)	p. 633
Price Sensitivity: What Happens When Price Effects Work Slowly	p. 634
Exchange Rate Changes and the EXIN Model	p. 640
Conclusion	p. 642
Vocabulary and Concepts / Questions	p. 642
Notes	p. 644
International Financial Markets	p. 645
The Functions of Financial Markets	p. 645
The Advantages of Large Markets	p. 647
An Overview of the International Markets	p. 649
Eurodollars, T-accounts, and Monetary Expansion	p. 654
Derivative and Swap Markets	p. 655
Continuing Changes in the International Capital Market	p. 668
Implications of the Changes	p. 671
Conclusion	p. 673
Vocabulary and Concepts / Questions	p. 673
Notes	p. 675
International Monetary Institutions (I)	p. 677
The International System under the Gold Standard	p. 678
The 1920s: Pegged Exchange Rates	p. 685
The Great Depression	p. 691
The Bretton Woods System: 1947-1973	p. 691
Reserve Currencies	p. 700
Special Drawing Rights	p. 701
Borrowing: Swap Lines	p. 704
The End of the Bretton Woods System	p. 704
The Bretton Woods System: An Assessment	p. 705
Vocabulary and Concepts / Questions	p. 706
Notes	p. 708
International Monetary Institutions (II)	p. 709
The Oil Crises	p. 710
Floating Exchange Rates	p. 713
The Debt Crises	p. 717
Currencies and Governments: How Many Currencies?	p. 741
Deja Vu All Over Again	p. 748
Vocabulary and Concepts / Questions	p. 750
Notes	p. 751
Multinational Firms, Foreign Direct Investment, and Globalization	p. 753
Foreign Direct Investment and the Multinational Firm	p. 754
FDI in Recent Years	p. 757
The Theory of Foreign Direct Investment	p. 762
Possible Reasons for the Recent Increase in FDI	p. 771
Extent of the Firm's Freedom from Market Constraints	p. 772
Issues MNFs Raise	p. 774
Conclusion	p. 777
Vocabulary and Concepts / Questions	p. 778
Notes	p. 779
Index	p. 781
Table of Contents provided by Syndetics. All Rights Reserved.

Search Results for "{{sharedState.searchQuery}}"

International Economics in the Age of Globalization

Paperback

See All Available Copies

International Economics in the Age of Globalization

Paperback

See All Available Copies

See All Available Copies

Overview

Categories

All Available Copies Find out more about shipping times from these sellers.

Table Of Contents

Overview

Product Details

Table Of Contents

Borrow

All Available Copies

Availability

Featured

Condition

Format

Digital

Age

Grade

Categories

Print Size

Language

Search Results for "{{sharedState.searchQuery}}"

International Economics in the Age of Globalization

Paperback

See All Available Copies

International Economics in the Age of Globalization

Paperback

See All Available Copies

See All Available Copies

Overview

Categories

All Available Copies Find out more about shipping times from these sellers.

Table Of Contents

Overview

Overview

Product Details

Table Of Contents

Borrow

All Available Copies