International economics:
Gespeichert in:
Hauptverfasser: | , |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Boston ; Munich [u.a.]
Addison-Wesley
2010
|
Ausgabe: | 8. ed., internat. ed. |
Schriftenreihe: | The Addison-Wesley series in economics
|
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | Previous ed.: 2007 |
Beschreibung: | XIX, 570 S. graph. Darst., Kt. |
ISBN: | 9780321614902 0321614909 |
Internformat
MARC
LEADER | 00000nam a2200000 c 4500 | ||
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020 | |a 9780321614902 |9 978-0-321-61490-2 | ||
020 | |a 0321614909 |9 0-321-61490-9 | ||
035 | |a (OCoLC)317252038 | ||
035 | |a (DE-599)GBV599848006 | ||
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082 | 0 | |a 337 |2 22 | |
084 | |a QM 000 |0 (DE-625)141766: |2 rvk | ||
100 | 1 | |a Husted, Steven L. |e Verfasser |0 (DE-588)128420367 |4 aut | |
245 | 1 | 0 | |a International economics |c Steven Husted, Michael Melvin |
250 | |a 8. ed., internat. ed. | ||
264 | 1 | |a Boston ; Munich [u.a.] |b Addison-Wesley |c 2010 | |
300 | |a XIX, 570 S. |b graph. Darst., Kt. | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
338 | |b nc |2 rdacarrier | ||
490 | 0 | |a The Addison-Wesley series in economics | |
500 | |a Previous ed.: 2007 | ||
650 | 4 | |a International economic relations | |
650 | 4 | |a Weltwirtschaft | |
650 | 4 | |a International economic relations | |
650 | 0 | 7 | |a Welthandel |0 (DE-588)4065365-1 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Weltwirtschaft |0 (DE-588)4065468-0 |2 gnd |9 rswk-swf |
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700 | 1 | |a Melvin, Michael |d 1948- |e Verfasser |0 (DE-588)124046193 |4 aut | |
856 | 4 | 2 | |m Digitalisierung UB Bayreuth |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017545204&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
999 | |a oai:aleph.bib-bvb.de:BVB01-017545204 |
Datensatz im Suchindex
_version_ | 1804139102695587840 |
---|---|
adam_text | Contents
Preface
xv
About the Authors
xix
An Introduction to International Trade
ι
Characteristics of National Economies
3
Economic Growth
8
International Trade
9
The Direction of International Trade
13
What Goods Do Countries Trade?
18
Summary
25
Exercises
26
Tools of Analysis for International
Trade Models
27
Some Methodological Preliminaries
29
The Basic Model: Assumptions
31
GLOBAL INSIGHTS
2.1:
World Response to Higher
Relative Price of Oil
33
The Basic Model: Solutions
41
Measuring National Welfare
44
National Supply and Demand
46
Summary
48
Exercises
49
Appendix
2.1
Derivation of National Supply
and Demand Curves
51
The Classical Model of International Trade
53
Absolute Advantage as a Basis for Trade.- Adam
Smith s Model
54
Comparative Advantage as a Basis for Trade: David
Ricardo s Model
60
The General Equilibrium Solution of the Classical Model
62
vi
Contents
The Gains from International Trade
67
GLOBAL INSIGHTS
3.1:
Japan s Gains from Entry into
World Trade in
1858 70
The Relationship Between Trade and Wages
70
GLOBAL INSIGHTS
3.2:
Wage and Productivity Comparisons
for the United States and Mexico
73
An Evaluation of the Classical Model
75
Summary
76
Exercises 76
ι
Appendix
3.1
The Classical Model with Many Goods
79
ι
Appendix
3.2
Offer Curves and the Terms of Trade
81
The Heckscher-Ohlin Model
85
The HO Model: Basic Assumptions
87
GLOBAL INSIGHTS
4.1 ·.
Capital/Labor Ratios of Selected
U.S. Industries
89
The HO Theorem
92
Equilibrium in the HO Model
94
Some New HO Theorems
1
°°
GLOBAL INSIGHTS
4.2:
Trade, Wages, and Jobs
in the U.S. Economy
104
Some Final Observations
106
Summary
107
Exercises
107
ι
Appendix
4.1
Alternate Proofs of Selected HO Theorems
1
Ю
The Heckscher-Ohlin Theorem (Price Definition)
111
The Rybczynski Theorem
113
The Stolper-Samuelson Theorem
114
•
Appendix
4.2
The Specific Factors Model
1
łó
Tests of Trade Models:
The
Leontief
Paradox and Its Aftermath
1
19
Tests of the Classical Model
120
Tests of the HO Model
122
Attempted Reconciliations of Leontief s Findings
125
Other Tests of the HO Model
128
Recent Tests of the HO Model
129
Contents
vii
Alternative
Theories of Comparative Advantage
132
Human Skills Theory
132
Product Life Cycle Theory
133
Similarity of Preferences Theory
134
Intraindustry Trade
135
Increasing Returns and Imperfect Competition
137
Conclusions
142
Summary
143
Exercises
144
References
145
Tariffs
146
The Gains from Free Trade
147
Tariffs: An Introduction
150
Tariffs: An Economic Analysis
154
The Gains From Free Trade: One More Time
156
The Welfare Cost of Tariffs
159
Tariffs: Some Extensions
163
Export Tariff
163
GLOBAL INSIGHTS
6.1 :
The Welfare Costs of Tariffs:
Estimates from Certain U.S. Industries
164
GLOBAL INSIGHTS
6.2:
Export Tariffs on Various
Agricultural Products
167
The Optimal Tariff
168
GLOBAL INSIGHTS
6.3:
The Smoot-Hawley Tariff
and Its Aftermath
172
How High Are Tariffs?
174
Summary
176
Exercises
176
References
178
Nontariff Barriers and Arguments
for Protection
1
79
Quotas
180
The Welfare Effects of Quotas
183
The Equivalence or Nonequivalence of Tariffs
and Quotas
186
viii Contents
Other Nontariff Barriers
1 88
Customs Valuation Practices
188
Government Procurement Policies
189
Technical Barriers to Trade
190
Health and Safety Standards
19
1
Failure to Protect Intellectual Property Rights
192
Exportsubsidies
193
Arguments for Protection
1
94
Invalid Arguments
195
Valid Arguments
197
GLOBAL INSIGHTS
7.1:
Trade, Technology, and
U.S. Pollution
208
Strategic Trade Policies
208
Summary
212
Exercises
213
References
214
Commercial Policy: History and Practice
215
History of U.S. Commercial Policy
216
GLOBAL INSIGHTS
8.1 :
The
GATT
Agreement
221
The Uruguay Round and the Creation of the WTO
224
TRADE POLICY CASE STUDY
1:
U.S. Tuna Quotas
to Save Dolphins
228
The DOHA Round
229
The Conduct of U.S. Commercial Policy
231
Dumping
231
Antidumping Law
234
Countervailing Duty Law
236
Unfair Foreign Practices: Section
301 238
TRADE POLICY CASE STUDY
2:
The International
Bananas Dispute
239
The Escape Clause: Section
201 241
TRADE POLICY CASE STUDY
3:
Escape Clause Tariffs
on U.S. Steel Imports
242
Other Measures
243
Comparisons with Policies in Other Countries
244
Summary
246
Exercises
246
References
247
Contents ix
Preferential Trade Arrangements
248
Preferential Trade Arrangements: Economic Analysis
250
North American Free Trade Agreement
254
GLOBAL INSIGHTS
9.1 :
Details of the NAFTA
255
Other U.S. Free-Trade Area Agreements
259
European Union
261
The
EU
Government
261
The Single Market Initiative
263
Regionalism versus Multilateralism
264
GLOBAL INSIGHTS
9.2:
Other Preferential
Trade Arrangements
265
Summary
267
Exercises
268
References
269
International Trade and Economic Growth
270
Trade and Development
271
Primary-Export-Led Development Policies
272
Import-Substitution Development Policies
275
Outward-Looking Development Policies
276
Trade and Growth
276
Trade and Growth: Some Additional Comments
285
Technological Change
285
Growth, Prices, and Welfare
286
GLOBAL INSIGHTS
10.1 :
The Dutch Disease
288
International Flows of Factors
289
Labor
289
Capital
291
Economic Analysis
294
GLOBAL INSIGHTS
10.2:
U.S. Outsourcing
295
Summary
299
Exercises
300
References
301
An Introduction to International Finance
302
The Balance of Payments
303
Exchange Rates
303
Prices and Exchange Rates
306
Contents
Interest
Rates and Exchange Rates
307
Additional Major Topics
309
Summary
311
Exercises
311
The Balance of Payments
3
1
2
Cu rrent Account
316
Financing the Current Account: The Financial Account
318
National Saving, Investment, and the Current Account
319
GLOBAL INSIGHTS
12.1:
The World s Largest Debtor
320
Additional Summary Measures
321
Transactions Classification
322
Balance-of-Payments Equilibrium and Adjustment
325
Summary
327
Exercises
327
References
328
The Foreign-Exchange Market
330
Spot Rates
331
Arbitrage
334
Forward Rates
336
Swaps
338
The Futures Market
340
Foreign-Currency Options
341
GLOBAL INSIGHTS
13.1:
Exchange Rate Indexes
342
Exchange Rate Supply and Demand and Central-Bank
Intervention
343
Black Markets and Parallel Markets
345
Summary
346
Exercises
346
References
348
Prices and Exchange Rates:
Purchasing Power Parity
349
Absolute Purchasing Power Parity
350
GLOBAL INSIGHTS
14.1:
The U.S. Consumer
Price Index
351
Contents xl
Relative Purchasing Power Parity
353
Time, Inflation, and PPP
354
GLOBAL INSIGHTS
14.2:
Hyperinflation in Bolivia
355
Deviations from PPP
357
Overvalued and Undervalued Currencies
360
GLOBAL INSIGHTS
14.3:
Big Mac PPP
361
Real Exchange Rates
363
Summary
364
Exercises
365
References
366
Exchange Rates, Interest Rates,
and Interest Parity
367
Interest Parity
368
Interest Rates and Inflation
372
GLOBAL INSIGHTS
15.1 :
Globalization and Interest
Rates
373
Exchange Rates, Interest Rates, and Inflation
373
Expected Exchange Rates and the Term Structure
of Interest Rates
374
Summary
377
Exercises
377
References
378
Appendix
15.1
Taxation and Interest Rate Parity
379
Foreign-Exchange Risk, Forecasting,
and International Investment
381
Types of Foreign-Exchange Risk
382
Foreign-Exchange Risk Premium
385
Market Efficiency
388
GLOBAL INSIGHTS
16.1:
The Carry Trade
390
Foreign-Exchange Forecasting
390
International Investment and Portfolio Diversification
392
Direct Foreign Investment
396
Capital Flight
399
Capital Inflow Issues
400
International Lending and Crises
401
xii Contents
Summary
404
Exercises
405
References
406
Basic
Theories of the Balance of Payments
408
The Elasticities Approach to the Balance of Trade
409
Elasticities and
J
Curves
413
The Currency-Contract Period
413
The Pass-Through Period
415
Section IV—The U.S. Balance of Trade Decreases
415
Section HI—The U.S. Balance of Trade Is Constant
417
Section II
—
Balance of Trade May Increase or
Decrease
417
Section I
—
Balance of Trade Increases
417
GLOBAL INSIGHTS
17.1 :
The Pass-Through Effect
and Profits
418
The Evidence from Devaluations
419
The Absorption Approach to the Balance of Trade
421
The Monetary Approach to the Balance of Payments
422
Summary
427
Exercises
428
References
429
Appendix
17.1
Stable Foreign-Exchange Markets
and the Marshall-Lerner Condition
430
r
Exchange Rate Theories
435
The Asset Approach
436
The Monetary Approach
438
The Portfolio-Balance Approach
442
Sterilization
443
Exchange Rates and the Trade Balance
446
Overshooting Exchange Rates
448
Currency Substitution
451
The Role of News
453
Foreign-Exchange Market
Microstructure
454
Summary
456
Contents xiii
Exercises
457
References
458
Alternative International Monetary Standards
459
The Gold Standard
: 1880-1914 460
Thelnterwar Period:
1918-1939 463
The Gold Exchange Standard:
1944-1970 464
GLOBAL INSIGHTS
19.1:
The International
Monetary Fund
465
The Transition Years:
1971-1973 467
Floating Exchange Rates: Since
1973 467
The Choice of an Exchange Rate System
472
Optimum Currency Areas
475
The European Monetary System and the Euro
476
Target Zones
479
Currency Boards
480
GLOBAL INSIGHTS
19.2:
Speculative Attacks
and the Mexican and Asian Financial Crises
481
International Reserve Currencies
482
Multiple Exchange Rates
486
Summary
487
Exercises
487
References
488
International Banking, Debt, and Risk
490
The Origins of Offshore Banking
491
GLOBAL INSIGHTS
20.1 :
A Black Swan in the
Financial Market
494
International Banking Facilities
496
Offshore Banking Practices
497
GLOBAL INSIGHTS
20.2:
Islamic Banking
500
International Debt
501
IMF Conditionality
503
The Role of Corruption
504
Country-Risk Analysis
505
xlv Contents
Summary
509
Exercises
509
References
510
Open-Economy Macroeconomic Policy
and Adjustment
51
1
Internal and External Macroeconomic Equilibrium
512
The IS Curve
513
The LM Curve
516
The
Β Ρ
Curve
517
Equilibrium
517
Monetary Policy under Fixed Exchange Rates
518
Fiscal Policy under Fixed Exchange Rates
520
Monetary Policy under Floating Exchange Rates
521
Fiscal Policy under Floating Exchange Rates
522
The New Open-Economy Macroeconomics
523
International Policy Coordination
524
GLOBAL INSIGHTS
21.1:
The Plaza Agreement
526
Global Financial Crisis and Macroeconomic Effects
528
The Open-Economy Multiplier
529
Summary
531
Exercises
532
References
533
Glossary
535
Index
542
|
any_adam_object | 1 |
author | Husted, Steven L. Melvin, Michael 1948- |
author_GND | (DE-588)128420367 (DE-588)124046193 |
author_facet | Husted, Steven L. Melvin, Michael 1948- |
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author_variant | s l h sl slh m m mm |
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bvnumber | BV035488791 |
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ctrlnum | (OCoLC)317252038 (DE-599)GBV599848006 |
dewey-full | 337 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 337 - International economics |
dewey-raw | 337 |
dewey-search | 337 |
dewey-sort | 3337 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
edition | 8. ed., internat. ed. |
format | Book |
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id | DE-604.BV035488791 |
illustrated | Illustrated |
indexdate | 2024-07-09T21:38:45Z |
institution | BVB |
isbn | 9780321614902 0321614909 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-017545204 |
oclc_num | 317252038 |
open_access_boolean | |
owner | DE-703 DE-2070s |
owner_facet | DE-703 DE-2070s |
physical | XIX, 570 S. graph. Darst., Kt. |
publishDate | 2010 |
publishDateSearch | 2010 |
publishDateSort | 2010 |
publisher | Addison-Wesley |
record_format | marc |
series2 | The Addison-Wesley series in economics |
spelling | Husted, Steven L. Verfasser (DE-588)128420367 aut International economics Steven Husted, Michael Melvin 8. ed., internat. ed. Boston ; Munich [u.a.] Addison-Wesley 2010 XIX, 570 S. graph. Darst., Kt. txt rdacontent n rdamedia nc rdacarrier The Addison-Wesley series in economics Previous ed.: 2007 International economic relations Weltwirtschaft Welthandel (DE-588)4065365-1 gnd rswk-swf Weltwirtschaft (DE-588)4065468-0 gnd rswk-swf Weltwirtschaft (DE-588)4065468-0 s DE-604 Welthandel (DE-588)4065365-1 s Melvin, Michael 1948- Verfasser (DE-588)124046193 aut Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017545204&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Husted, Steven L. Melvin, Michael 1948- International economics International economic relations Weltwirtschaft Welthandel (DE-588)4065365-1 gnd Weltwirtschaft (DE-588)4065468-0 gnd |
subject_GND | (DE-588)4065365-1 (DE-588)4065468-0 |
title | International economics |
title_auth | International economics |
title_exact_search | International economics |
title_full | International economics Steven Husted, Michael Melvin |
title_fullStr | International economics Steven Husted, Michael Melvin |
title_full_unstemmed | International economics Steven Husted, Michael Melvin |
title_short | International economics |
title_sort | international economics |
topic | International economic relations Weltwirtschaft Welthandel (DE-588)4065365-1 gnd Weltwirtschaft (DE-588)4065468-0 gnd |
topic_facet | International economic relations Weltwirtschaft Welthandel |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017545204&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT hustedstevenl internationaleconomics AT melvinmichael internationaleconomics |