An Introduction to International Economics
New Perspectives on the World Economy

Ideal for a one-semester course in international economics, this book is accessible to those within and outside of economics programs.

Kenneth A. Reinert (Author)

9781108455169, Cambridge University Press

Paperback / softback, published 27 August 2020

276 pages, 120 b/w illus. 46 tables
24.5 x 18.9 x 2.6 cm, 1.25 kg

'… highly recommended as a primary text for a course on international economics or as a supplementary text for a broader course that includes some international trade, production or finance.' Robert Breunig, Economic Record

This book is designed for a one-semester course in international economics, primarily targeting non-economics majors and programs in business, international relations, public policy, and development studies. It has been written to make international economics accessible to both students and professionals. Assuming a minimal background in economics and mathematics, the textbook goes beyond the usual trade-finance dichotomy to address international trade, international production, and international finance; and takes a practitioner point of view rather than a standard academic one, introducing students to the material needed to become effective analysts in international economic policy. This new edition features such additional topics as global production and global capital flows, migration, the Ricardian model, and international organizations like the IMF. Examples have been updated to include recent developments (Brexit, for example) and all charts include the latest data. The website for the text can be found at http://iie.gmu.edu.

Preface
Acronyms
List of symbols
1. Introduction
Part I. International Trade: 2. Absolute advantage
3. Ricardian model of comparative advantage
4. Heckscher-Ohlin model of comparative advantage
5. Intra-industry trade
6. The political economy of trade
7. Trade policy analysis
8. The World Trade Organization
9. Preferential trade agreements
Part II. International Production: 10. Multinational enterprises and foreign direct investment
11. Global value chains
12. Engaging international production
13. Migration
Part III. International Finance: 14. Accounting frameworks
15. Global capital flows
16. Exchange rates and purchasing power parity
17. Flexible exchange rates
18. Fixed exchange rates
19. The international monetary system
20. Crises and responses
21. Monetary unions
22. Growth in the open economy
Glossary
Index.

Subject Areas: International economic & trade law [LBBM], International finance [KCLF], International economics [KCL], Economic growth [KCG], Economics of industrial organisation [KCD], Economics, finance, business & management [K]