Publisher's Synopsis
Depth of theoretical content combined with current events and policy debates makes The World Economy an excellent choice for a broad range of trade and finance courses with an international economic focus. The authors present the tools of international economic analysis in a consistently comprehensive manner to establish the theoretical principles that are key in analysing international economic problems. Numerous graphs and charts help students navigate difficult financial material, and in-text examples and case studies focus on current events and policy debates providing real-life perspective to the economic theories driving trade and finance. Features: * Tools of international economic analysis are presented in a consistently comprehensive manner to establish the theoretical principles that are the key in analyzing international economic problems. * General trade issues including the political economy of trade policy and borders are placed ahead of more specialized concerns like growth, immigration and transition. * Numerous graphs and charts help students navigate through difficult financial material while the book's outline provides a clear road map to each chapter.;* In-text examples and "Case Studies" focusing on current events and policy debates provide real-life correlations to the economic theories driving trade and finance. New to this edition: * Topics like the Stopler-Samuelson Theorem and Short Run-Factor Immobility in Chapter 4 have been expanded. * Chapter 6 features a new section on estimating the effects of high U.S. tariffs and a new case study on China, Tariffs and the WTO. * New cases on NAFTA in Chapter 9 bolster the expanded coverage of trade and borders. * Fresh material in Chapter 11, "Development, Transition, and Trade," starts with a clear presentation of development and issues, then focuses on Agriculture and Industry, North-South Issues, and finally Economies in Transition. * Chapter 14 relates topics of interest to topics of the course with trade discussion of the Asian Flu as well as the Peso. * While maintaining a firm coverage of Foreign Exchange, Chapter 15 has been rewritten for a more practical approach to money and the banking system. * Updates in Chapter 20 provide current and stimulation coverage of the European Monetary System.
