International economics combines the excitement of world evenths and the incisiveness of economics analysis. We are new deeply into the second great wave of globalization, in which product, capital, and labor markets are becoming more integrated across countries. This second wave, which began in about 1950 and picked up steam in the 1980s, has now lasted at least as long as the first, which began in about 1870 and ended with World War I (or perhaps with the onset of the Depression in 1930).
The book
- Combines rigorous economic analysis with attention to the issues of economic policy that are alive and
important today.
- Is written to be concise and readable.
- Uses economic terminology when it enhances the analysis, but avoids jargon for jargon's sake.
Part One The Theory of International Trade
part Two Trade Policy
Part Three Understanding Foreign Exchange
Part Four Macro Policies for Open Economies
Appendixes