
Introduction to International Economics
Description
While the book is policy-oriented, the adequate historical and theoretical context is provided. All concepts are discussed in a non-mathematical way and graphic analysis is used to clarify explanations, which makes it ideal for business and MBA students.
International economics is attracting ever more attention due to the recent worldwide economic crisis, and this book gives a truly global perspective by discussing real-world examples and case studies from different sectors, including from the Americas, Europe and Asia.
New features in this edition include the following:
Updated empirical material
The chapter on balance of payments, the foreign exchange market and their relationship has been completely rewritten
Expanded material on developments in the European monetary integration process
More focus on issues in emerging economies, such as the practice and lessons of currency boards, dollarization, and the occurrence of currency crises
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Persons
CATRINUS JEPMAis Professor of Energy and Sustainability at the University of Groningen. From 1994 to 2007 he was (coordinating) lead author of the Intergovernmental Panel on Climate Change (IPCC), which was jointly awarded the 2007 Nobel Peace Prize. He is currently Scientific Director of the Energy Delta Gas Research Program and Scientific Director of the Energy Delta Institute, both in the Netherlands. He has lectured on international economics for over 25 years and is the author of several publications on issues related to international economics, energy and the environment.
Content
Preface.- Aspects of International Economics.- Internationalization and the World Economy.- International Trade Theory.- International Production Factors, Foreign Direct Investment, and the Multinational Enterprise.- Trade Policy: A Welfare Theory Analysis.- Modern Arguments Relating to Protection.- Trade Policy and Market Reforms: A Microeconomic Analysis.- The Practice of Protection.- Business, Government and Lobbying.- Economic Integration.- The Balance of Payments and the Foreign-exchange Market.- International Capital Flows.- Exchange-rate Explanation and Prediction.- Exchange-rate Systems and Effects.- International Risk: Types and Hedges.- International Monetary Cooperation.- A Financial Obstacle to Economic Development: The World Debt Crisis.- A Financial Obstacle to Economic Development: Currency Crises.- Irrevocably Fixed Exchange Rates: Recent Experiences.- Bibliography.- Index.