International Economics: Theory and Policy

　　We are delighted to welcome Marc Melitz of Harvard University to our author team beginning in this ninth edition.

　　In this edition we have thoroughly updated the content and extensively revised several chapters. We examine linkages between trade and unemployment (Ch 4); we review recent trends in foreign direct investment (Ch 8); we discuss the carry trade in light of uncovered interest parity (Ch14); we describe the euro zone sovereign debt crisis that started in 2010 (Ch 20); and we explain how the financial crisis of 2007–2009 gave rise to a global “dollar shortage,” leading central banks to establish an unprecedented network of currency swap lines (Ch 21).

作者簡介

Paul R. Krugman
　　現職：Princeton University

Maurice Obstfeld
　　現職：University of California, Berkeley

Marc J. Melitz
　　現職：Harvard Universit

Ch 1 Introduction

PART I: INTERNATIONAL TRADE THEORY
Ch 2 World Trade: An Overview
Ch 3 Labor Productivity and Comparative Advantage: The Ricardian Model
Ch 4 Specific Factors and Income Distribution
Ch 5 Resources and Trade: The Heckscher-Ohlin Model
Ch 6 The Standard Trade Model
Ch 7 External Economies of Scale and the International Location of Production
Ch 8 Firms in the Global Economy: Export Decisions, Outsourcing,
and Multinational Enterprises

PART II: INTERNATIONAL TRADE POLICY
Ch 9 The Instruments of Trade Policy
Ch10 The Political Economy of Trade Policy
Ch11 Trade Policy in Developing Countries
Ch12 Controversies in Trade Policy

PART III: EXCHANGE RATES AND OPEN-ECONOMY MACROECONOMICS
Ch13 National Income Accounting and the Balance of Payments
Ch14 Exchange Rates and the Foreign Exchange Market: An Asset Approach
Ch15 Money, Interest Rates, and Exchange Rates
Ch16 Price Levels and the Exchange Rate in the Long Run
Ch17 Output & the Exchange Rate in the Short Run
Ch18 Fixed Exchange Rates and Foreign Exchange Intervention

PART IV: INTERNATIONAL MACROECONOMIC POLICY
Ch19 International Monetary Systems: An Historical Overview
Ch20 Optimum Currency Areas and the European Experience
Ch21 Financial Globalization: Opportunity and Crisis
Ch22 Developing Countries: Growth, Crisis, and Reform