International trade: theory and policy:
Gespeichert in:
Hauptverfasser: | , , |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Boston, Mass. [u.a.]
Pearson
2015
|
Ausgabe: | 10. ed., global ed. |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | 360 S. Ill., graph. Darst., Kt. |
ISBN: | 9781292060439 1292060433 |
Internformat
MARC
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245 | 1 | 0 | |a International trade: theory and policy |c Paul R. Krugman ; Maurice Obstfeld ; Marc J. Melitz |
250 | |a 10. ed., global ed. | ||
264 | 1 | |a Boston, Mass. [u.a.] |b Pearson |c 2015 | |
300 | |a 360 S. |b Ill., graph. Darst., Kt. | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
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700 | 1 | |a Obstfeld, Maurice |d 1952- |e Verfasser |0 (DE-588)124550800 |4 aut | |
700 | 1 | |a Melitz, Marc J. |e Verfasser |0 (DE-588)129335398 |4 aut | |
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999 | |a oai:aleph.bib-bvb.de:BVB01-027423293 |
Datensatz im Suchindex
_version_ | 1804152381507633152 |
---|---|
adam_text | Contents
Preface
...............................................................................................................................15
l
Introduction
25
What Is International Economics About?
.............................................................................27
The Gains from Trade
..........*................................................................................................28
The Pattern of Trade
.............................................................................................................29
How Much Trade?
.................................................................................................................29
Balance of Payments
..............................................................................................................30
Exchange Rate Determination
...............................................................................................30
International Policy Coordination
.........................................................................................31
The International Capital Market
..........................................................................................32
International Economics: Trade and Money
.........................................................................32
PART
1
International Trade Theory
34
2
WORLD TRADE: AN OVERVIEW
34
Who Trades with Whom?
.....................................................................................................34
Size Matters: The Gravity Model
...........................................................................................35
Using the Gravity Model: Looking for Anomalies
.................................................................37
Impediments to Trade: Distance, Barriers, and Borders
.........................................................38
The Changing Pattern of World Trade
.................................................................................40
Has the World Gotten Smaller?
..............................................................................................40
What Do We Trade?
...............................................................................................................42
Service Offshoring
..................................................................................................................43
Do Old Rules Still Apply?
....................................................................................................45
Summary
.............................................................................................................................46
3
LABOR PRODUCTIVITY AND COMPARATIVE ADVANTAGE:
THE RICARDIAN MODEL
48
The Concept of Comparative Advantage
..............................................................................49
A One-Factor Economy
.......................................................................................................50
Relative Prices and Supply
.....................................................................................................52
Trade in a One-Factor World
...............................................................................................53
Determining the Relative Price after Trade
............................................................................54
box: Comparative Advantage in Practice: The Case of Babe Ruth
........................................57
The Gains from Trade
............................................................................................................58
A Note on Relative Wages
......................................................................................................59
box: The Losses from Nontrade
...........................................................................................60
Misconceptions about Comparative Advantage
.....................................................................61
Productivity and Competitiveness
..........................................................................................61
box: Do Wages Reflect Productivity?
...................................................................................62
The Pauper Labor Argument
.................................................................................................62
Exploitation
...........................................................................................................................63
Comparative Advantage with Many Goods
...........................................................................64
Setting Up the Model
............................................................................................................64
9
Contents
Relative
Wages and Specialization
..........................................................................................64
Determining the Relative Wage in the Multigood Model
.......................................................66
Adding Transport Costs and Nontraded Goods
....................................................................68
Empirical Evidence on the Ricardian Model
.........................................................................69
Summary
.............................................................................................................................72
4
SPECIFIC FACTORS AND INCOME DISTRIBUTION
75
The Specific Factors Model
.................................................................................................76
box: What Is a Specific Factor?
...........................................................................................77
Assumptions of the Model
....................................................................................................77
Production Possibilities
..........................................................................................................78
Prices, Wages, and Labor Allocation
......................................................................................81
Relative Prices and the Distribution of Income
.....................................................................85
International Trade in the Specific Factors Model
................................................................87
Income Distribution and the Gains from Trade
.....................................................................88
The Political Economy of Trade: A Preliminary View
..........................................................91
Income Distribution and Trade Politics...,
..............................................................................92
case study: Trade and Unemployment
................................................................................92
International Labor Mobility
...............................................................................................94
case study: Wage Convergence in the Age of Mass Migration
...........................................96
case study: Foreign Workers: The Story of the GCC
.........................................................97
Summary
......................................................................................,....................................100
Appendix: Further Details on Specific Factors
...................................................................104
Marginal and Total Product
.................................................................................................104
Relative Prices and the Distribution of Income
...................................................................105
5
Resources and trade: The heckscher-Ohlin model
108
Model of a Two-Factor Economy
.......................................................................................109
Prices and Production
..........................................................................................................109
Choosing the Mix of Inputs
.................................................................................................113
Factor Prices and Goods Prices
...........................................................................................114
Resources and Output
..........................................................................................................116
Effects of International Trade between Two-Factor Economies
..........................................118
Relative Prices and the Pattern of Trade
..............................................................................118
Trade and the Distribution of Income
.................................................................................120
case study: North-South Trade and Income Inequality
....................................................121
case study: Skill-Biased Technological Change and Income Inequality
............................123
Factor-Price Equalization
....................................................................................................126
Empirical Evidence on the Heckscher-Ohlin Model
...........................................................127
Trade in Goods as a Substitute for Trade in Factors: Factor Content of Trade
...................128
Patterns of Exports between Developed and Developing Countries
....................................131
Implications of the Tests
......................................................................................................133
Summary
...........................................................................................................................134
Appendix: Factor Prices, Goods Prices, and Production Decisions
.....................................138
Choice of Technique
............................................................................................................138
Goods Prices and Factor Prices
...........................................................................................139
More on Resources and Output
...........................................................................................141
6
THE STANDARD TRADE MODEL
142
A Standard Model of a Trading Economy
..........................................................................143
Production Possibilities and Relative Supply
........................................................................143
Relative Prices and Demand
................................................................................................144
Contents 11
The Welfare Effect of Changes in the Terms of Trade
.........................................................147
Determining Relative Prices
.................................................................................................148
Economic Growth: A Shift of the RS curve
.........................................................................148
Growth and the Production Possibility Frontier
...................................................................150
World Relative Supply and the Terms of Trade
....................................................................150
International Effects of Growth
...........................................................................................153
case study: Has the Growth of Newly Industrializing Countries
Hurt Advanced Nations?
................................................................................................153
Tariffs and Export Subsidies: Simultaneous Shifts in RS and RD
.......................................156
Relative Demand and Supply Effects of a Tariff
..................................................................156
Effects of an Export Subsidy
................................................................................................157
Implications of Terms of Trade Effects: Who Gains and Who Loses?
..................................158
International Borrowing and Lending
.................................................................................159
Intertemporal
Production Possibilities and Trade
.................................................................159
The Real Interest Rate
..........................................................................................................160
Intertemporal
Comparative Advantage
................................................................................162
Summary
...........................................................................................................................162
Appendix: More on
Intertemporal
Trade
............................................................................166
7
EXTERNAL ECONOMIES OF SCALE AND THE INTERNATIONAL
LOCATION OF PRODUCTION
169
Economies of Scale and International Trade: An Overview
.................................................170
Economies of Scale and Market Structure
..........................................................................171
The Theory of External Economies
....................................................................................172
Specialized Suppliers
..........................................................................................................172
Labor Market Pooling
.......................................................................................................173
Knowledge Spillovers
.........................................................................................................174
External Economies and Market Equilibrium
......................................................................175
External Economies and International Trade
...................................................................... 176
External Economies, Output, and Prices
..............................................................................176
External Economies and the Pattern of Trade
......................................................................177
box: Holding the World Together
.......................................................................................179
Trade and Welfare with External Economies
........................................................................180
Dynamic Increasing Returns
................................................................................................181
Interregional Trade and Economic Geography
....................................................................182
box: Tinseltown Economics
................................................................................................184
Summary
...........................................................................................................................185
8
FIRMS IN THE GLOBAL ECONOMY: EXPORT DECISIONS,
OUTSOURCING, AND MULTINATIONAL ENTERPRISES
188
The Theory of Imperfect Competition
................................................................................189
Monopoly: A Brief Review
..................................................................................................190
Monopolistic Competition
...................................................................................................192
Monopolistic Competition and Trade
.................................................................................197
The Effects of Increased Market Size
...................................................................................197
Gains from an Integrated Market: A Numerical Example
....................................................198
The Significance of Intra-Industry Trade
.............................................................................202
case study: The Emergence of the Turkish Automotive Industry
......................................204
Firm Responses to Trade: Winners, Losers, and Industry Performance
...............................205
Performance Differences across Producers
...........................................................................206
The Effects of Increased Market Size
...................................................................................208
Trade Costs and Export Decisions
......................................................................................209
12 Contents
Dumping............................................................................................................................212
case study: Antidumping as Protectionism
.......................................................................213
Multinationals and Outsourcing
.........................................................................................214
case study: Patterns of Foreign Direct Investment Flows Around the World
.....................214
The Firm s Decision Regarding Foreign Direct Investment
..................................................218
Outsourcing
.........................................................................................................................219
case study: Shipping Jobs Overseas? Offshoring and Unemployment
in the United States
.......................................................................................................221
Consequences of Multinationals and Foreign Outsourcing
..................................................223
Summary
...........................................................................................................................224
Appendix: Determining Marginal Revenue
.........................................................................229
PART
2
International Trade Policy
230
9
THE INSTRUMENTS OF TRADE POLICY
230
Basic Tariff Analysis
.........................................................................................................230
Supply, Demand, and Trade in a Single Industry
.................................................................231
Effects of a Tariff
.................................................................................................................233
Measuring the Amount of Protection
..................................................................................234
Costs and Benefits of a Tariff
............................................................................................236
Consumer and Producer Surplus
..........................................................................................236
Measuring the Costs and Benefits
........................................................................................238
box: Tariffs for the Long Haul
...........................................................................................240
Other Instruments of Trade Policy
.....................................................................................241
Exportsubsidies:
Theory
.....................................................................................................241
case study: Europe s Common Agricultural Policy
...........................................................242
Import Quotas: Theory
........................................................................................................244
case study: An Import Quota in Practice: U.S. Sugar
......................................................245
Voluntary Export Restraints
.................................................................................................248
case study: A Voluntary Export Restraint in Practice
......................................................248
Local Content Requirements
..............................................................................................249
box: Bridging the Gap
.......................................................................................................250
Other Trade Policy Instruments
............................................................................................251
The Effects of Trade Policy: A Summary
...........................................................................251
Summary
...........................................................................................................................252
Appendix: Tariffs and Import Quotas in the Presence of Monopoly
....................................256
The Model with Free Trade
..................................................................................................256
The Model with a Tariff
.......................................................................................................257
The Model with an Import Quota
........................................................................................258
Comparing a Tariff and a Quota
..........................................................................................258
10
THE POLITICAL ECONOMY OF TRADE POLICY
260
The Case for Free Trade
....................................................................................................261
Free Trade and Efficiency
.....................................................................................................261
Additional Gains from Free Trade
.......................................................................................262
Rent Seeking
........................................................................................................................263
Political Argument for Free Trade
........................................................................................263
case study: The Gains from
1992.....................................................................................264
National Welfare Arguments against Free Trade
................................................................266
The Terms of Trade Argument for a Tariff
..........................................................................266
Contents 13
The Domestic Market Failure Argument against Free Trade
................................................267
How Convincing Is the Market Failure Argument?
..............................................................269
Income Distribution and Trade Policy
................................................................................270
Electoral Competition
..........................................................................................................271
Collective Action
..................................................................................................................272
box: Politicians for Sale: Evidence from the
1990s..............................................................273
Modeling the Political Process
..............................................................................................274
Who Gets Protected?
............................................................................................................274
International Negotiations and Trade Policy
......................................................................276
The Advantages of Negotiation
...........................................................................................277
International Trade Agreements: A Brief History
................................................................278
The Uruguay Round
............................................................................................................280
Trade Liberalization
.............................................................................................................280
Administrative Reforms: From the
GATT
to the WTO
........................................................281
Benefits and Costs
................................................................................................................282
box: Settling a Dispute
—
and Creating One
.......................................................................283
case study: The Salmon War
...........................................................................................284
The Doha Disappointment
.................................................................................................285
box: Do Agricultural Subsidies Hurt the Third World?
.......................................................286
Preferential Trading Agreements
..........................................................................................287
box: Free Trade Area versus Customs Union
......................................................................289
box: Do Trade Preferences Have Appeal?
..........................................................................290
case study: Trade Diversion in South America
.................................................................291
Summary
...........................................................................................................................292
Appendix: Proving that the Optimum Tariff Is Positive.....
..................................................296
Demand and Supply
.............................................................................................................296
The Tariff and Prices
............................................................................................................296
The
Tariffand
Domestic Welfare
.........................................................................................297
π
Trade policy in developing Countries
299
Import-Substituting Industrialization
.................................................................................300
The Infant Industry Argument
.............................................................................................301
Promoting Manufacturing Through Protection
....................................................................302
case study: Mexico Abandons Import-Substituting Industrialization
................................304
Results of Favoring Manufacturing: Problems of Import-Substituting Industrialization
......305
Trade Liberalization since
1985..........................................................................................306
Trade and Growth: Takeoff in Asia
....................................................................................308
box: India s Boom
..............................................................................................................311
Summary
...........................................................................................................................311
12
Controversies in Trade policy
314
Sophisticated Arguments for Activist Trade Policy
.............................................................315
Technology and Externalities
...............................................................................................315
Imperfect Competition and Strategic Trade Policy
...............................................................317
box: A Warning from Intel s Founder
.................................................................................320
case study: When the Chips Were Up
..............................................................................321
Globalization and Low-Wage Labor
...................................................................................323
The Anti-Globalization Movement
......................................................................................323
Trade and Wages Revisited
...................................................................................................324
Labor Standards and Trade Negotiations
.............................................................................326
Environmental and Cultural Issues
......................................................................................327
The WTO and National Independence
.................................................................................327
14 Contents
case study: A Tragedy in Bangladesh
...............................................................................328
Globalization and the Environment
.....................................................................................329
Globalization, Growth, and Pollution
..................................................................................330
The Problem of Pollution Havens
.....................................................................................331
The Carbon Tariff Dispute
...................................................................................................333
Summary
...........................................................................................................................334
Mathematical postscripts
337
Postscript to Chapter
5:
The Factor-Proportions Model
......................................................337
Factor Prices and Costs
........................................................................................................337
Goods Prices and Factor Prices
............................................................................................339
Factor Supplies and Outputs
................................................................................................340
Postscript to Chapter
6:
The Trading World Economy
........................................................341
Supply, Demand, and Equilibrium
.......................................................................................341
Supply, Demand, and the Stability of Equilibrium
...............................................................343
Effects of Changes in Supply and Demand
..........................................................................345
Economic Growth
................................................................................................................345
A Transfer of Income
...........................................................................................................346
A Tariff
................................................................................................................................347
Postscript to Chapter
8:
The Monopolistic Competition Model
...........................................349
INDEX
351
Credits
360
ONLINE APPENDICES (www.pearsonglobaleditions.comlkrugman)
Appendix A to Chapter
6:
International Transfers of Income and the Terms of Trade
The Transfer Problem
Effects of a Transfer on the Terms of Trade
Presumptions about the Terms of Trade Effects of Transfers
Appendix
В
to Chapter
6:
Representing International Equilibrium with Offer Curves
Deriving a Country s Offer Curve
International Equilibrium
Appendix A to Chapter
9:
Tariff Analysis in General Equilibrium
A Tariff in a Small Country
A Tariff in a Large Country
|
any_adam_object | 1 |
author | Krugman, Paul R. 1953- Obstfeld, Maurice 1952- Melitz, Marc J. |
author_GND | (DE-588)121368033 (DE-588)124550800 (DE-588)129335398 |
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dewey-ones | 382 - International commerce (Foreign trade) |
dewey-raw | 382.104 |
dewey-search | 382.104 |
dewey-sort | 3382.104 |
dewey-tens | 380 - Commerce, communications, transportation |
discipline | Wirtschaftswissenschaften |
edition | 10. ed., global ed. |
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genre_facet | Lehrbuch |
id | DE-604.BV041980832 |
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indexdate | 2024-07-10T01:09:49Z |
institution | BVB |
isbn | 9781292060439 1292060433 |
language | English |
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physical | 360 S. Ill., graph. Darst., Kt. |
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spelling | Krugman, Paul R. 1953- Verfasser (DE-588)121368033 aut International trade: theory and policy Paul R. Krugman ; Maurice Obstfeld ; Marc J. Melitz 10. ed., global ed. Boston, Mass. [u.a.] Pearson 2015 360 S. Ill., graph. Darst., Kt. txt rdacontent n rdamedia nc rdacarrier Außenwirtschaft (DE-588)4003856-7 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Außenwirtschaft (DE-588)4003856-7 s DE-604 Obstfeld, Maurice 1952- Verfasser (DE-588)124550800 aut Melitz, Marc J. Verfasser (DE-588)129335398 aut Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027423293&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Krugman, Paul R. 1953- Obstfeld, Maurice 1952- Melitz, Marc J. International trade: theory and policy Außenwirtschaft (DE-588)4003856-7 gnd |
subject_GND | (DE-588)4003856-7 (DE-588)4123623-3 |
title | International trade: theory and policy |
title_auth | International trade: theory and policy |
title_exact_search | International trade: theory and policy |
title_full | International trade: theory and policy Paul R. Krugman ; Maurice Obstfeld ; Marc J. Melitz |
title_fullStr | International trade: theory and policy Paul R. Krugman ; Maurice Obstfeld ; Marc J. Melitz |
title_full_unstemmed | International trade: theory and policy Paul R. Krugman ; Maurice Obstfeld ; Marc J. Melitz |
title_short | International trade: theory and policy |
title_sort | international trade theory and policy |
topic | Außenwirtschaft (DE-588)4003856-7 gnd |
topic_facet | Außenwirtschaft Lehrbuch |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027423293&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT krugmanpaulr internationaltradetheoryandpolicy AT obstfeldmaurice internationaltradetheoryandpolicy AT melitzmarcj internationaltradetheoryandpolicy |