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Title:
Global economic issues and policies
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Publication Information:
Stanford, C.T. : Thomson Learning, 2004
ISBN:
9780324071887
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30000010058001 HB171.5 D36 2004 Open Access Book Book
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30000010058002 HB171.5 D36 2004 Open Access Book Book
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Summary

Summary

Traditionally the international economics course has primarily been aimed at students working on an economics major. Today, a broad range of courses in global economic issues and policies are drawing students from a number of disciplines, such as accounting, marketing, political science, and business. This well-known author team created Global Economic Issues and Policies to address the growing needs of students that might experience this subject for the first time. The goal of the text is to emphasize current public-policy issues, which will be used to illustrate essential concepts of international trade and finance. The authors focused their theoretical discussions by staying within the guidelines of the basic economic principles.


Table of Contents

Contentsp. v
Prefacep. xix
Unit 1 Introduction to the Global Economyp. 1
Chapter 1 Understanding the Global Economyp. 2
Chapter 2 Comparative Advantage--How Nations Can Gain from International Tradep. 34
Unit 2 International Trade--Enduring Issuesp. 61
Chapter 3 Sources of Comparative Advantagep. 62
Chapter 4 Regulating International Trade--Trade Policies and Their Effectsp. 90
Chapter 5 Regionalism and Multilateralismp. 124
Unit 3 International Finance--Enduring Issuesp. 159
Chapter 6 Balance of Payments and Foreign Exchange Marketsp. 160
Chapter 7 Exchange-Rate Systems, Past to Presentp. 202
Chapter 8 The Power of Arbitrage--Purchasing Power and Interest Rate Paritiesp. 230
Chapter 9 Global Money and Banking--Where Central Banks Fit into the World Economyp. 260
Unit 4 Contemporary Global Economic Issues and Policiesp. 295
Chapter 10 Can Globalization Lift All Boats?p. 296
Chapter 11 Industrial Structure and Trade in the Global Economy--Businesses without Bordersp. 340
Chapter 12 The Public Sector in the Global Economyp. 372
Chapter 13 Rules versus Discretion--Can Policymakers Stick to Their Promises?p. 408
Chapter 14 Dealing with Financial Crises--Does the World Need a New International Financial Architecture?p. 442
Glossaryp. 477
Indexp. 489