Rajat Acharyya

International Economics (eBook, PDF)

An Introduction to Theory and Policy

• Format: PDF

Produktbeschreibung

Complementing trade theories with relevant trade empirics, this book covers three aspects of the study of International Economics: pure theory of trade, trade policy, and theory of Balance of Payments (BoP) and exchange rate. In the first part, it discusses the basic principles of international trade between dissimilar countries as well as between similar countries, and implications thereof in terms of welfare, income distribution, and growth. The approach taken here is distinctly different from that in most of the existing textbooks on international economics. Instead of model-specific discussions of the basic issues, it discusses the basic principles governing trade, gains from trade, and characteristics of international equilibrium in the context of a general trading environment of open economies. Subsequently, specific models of trade are introduced as alternative theoretical explanations for the basic principles of trade. In the second part, a wide range of policy issues are analysed including unilateral trade restrictions and promotions; reciprocatory trade policy choices through regionalism; product standards that regulate trade between developed and developing countries; and implications of capital inflow, FDI, fragmentation, and global value chains. In the third part, the book discusses different currency and exchange rate regimes and their implications for a country's balance of payments and foreign exchange reserves. Drawing upon the basic theories, it studies expenditure-reducing and expenditure-switching policies to correct for BoP imbalances under a pegged exchange rate regime. Finally, some reflections on the choice of exchange rate regime and optimum currency area wind up discussions of monetary issues in international economics.

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Produktdetails

• Verlag: Oxford University Press
• Seitenzahl: 608
• Erscheinungstermin: 18. August 2022
• Englisch
• ISBN-13: 9780192688521
• Artikelnr.: 65266825

Autorenporträt

Rajat Acharyya is currently Professor of Economics at Jadavpur University, and former Dean, Faculty of Arts, Jadavpur University. He has published extensively in different areas of international economics and is the editor of the e-journal Trade and Development Review. His current research interests include trade, export quality, and labour market implications. He was a Ford Foundation Research Fellow at Rochester University, USA (1997-98), Visiting Fellow at the University of Kent at Canterbury, UK (2008-10), and Visiting Professor at Utrecht University School of Economics, the Netherlands (2010).

Inhaltsangabe

List of Tables
Figures, and Boxes
Preface
Introduction
PART I: BASIS AND GAINS FROM INTER-INDUSTRY TRADE
1. Basis of Inter-Industry Trade
2. Gains from Trade
3. Comparative Advantage and Gains from Trade
4. International Equilibrium and the Terms of Trade
PART II: THEORIES OF COMPARATIVE ADVANTAGE AND PATTERNS OF TRADE
5. Technology and Trade
6. Factor Endowment and Trade
7. Digressions on Factor Endowment Theory and Trade Empirics
PART III: BASIS AND GAINS FROM INTRA-INDUSTRY TRADE
8. Theories of Intra-Industry Trade
PART IV: TRADE INTERVENTION AND COORDINATION
9. Import Tariff and Export Subsidies
10. Quantitative Restrictions, Non-tariff Barriers, and Equivalence
11. Market Imperfection and Trade Policy
12. Political Economy and Trade Policy
13. Market Failure, Distortions, and Trade Policy
14. Multilateralism and Regionalism
PART V: INPUT TRADE, SERVICES, AND GROWTH
15. Trade, Growth, and Inclusion
16. Factor Trade, Foreign Capital Flow and Migration
17. Services Trade
PART VI: STANDARDS, REGULATIONS, AND MULTILATERAL TRADE AGREEMENTS
18. Product Standards, Regulations, and Trade
19. World Trade Organization and Trade Agreements
PART VII: THEORY OF BALANCE OF PAYMENTS AND OPEN ECONOMY MACROECONOMICS
20. Balance of Payments and National Income Accounting
21. National Income and Current Account Balance: The Income Approach
22. International Currency Systems and Exchange Rate Regimes
23. BOP Adjustment Policies in a Pegged Exchange Rate Regime
24. Money, Price, and Exchange Rate
25. Currency Regimes Revisited
Glossary of International Agencies
Index
About the Author