Every chapter has been reviewed and revised to reflect current research and findings, with significant updates below. Please see the text preface for a full list of updates.
Chapter 4 includes new material on freight rates for the shipment of various commodities and on the freight and insurance factor difference between c.i.f./f.o.b. prices for various countries import bundles.
Chapter 9 includes new information on growing income inequality, especially in the United States and the introduction of recent wealth data in addition to recent income data.
Chapter 16 includes new information on the attitudes of citizens of the United States and a variety of other countries toward international trade and discussion of recent developments in the World Trade Organization multilateral trade negotiations and in U.S. international trade policy.
Chapter 17 includes new coverage on recent developments in the European Union and in the East African Community; Canadas movement toward forming free-trade pacts with other countries; the effects on trade and on the partner countries of the implementation of the North American Free Trade Agreement; the 2011 free-trade agreements of the United States with Colombia, South Korea and Panama; and the Trans-Pacific Partnership.
Chapter 18 includes updated material on the contrasting characteristics of emerging/developing countries and developed countries and new material on the Fair Trade Movement and the relationship of growth in trade with economic growth in developing countries.
Chapter 25 includes new discussion of real-world government expenditure multipliers in the context of the IS/LM/BP model; new material to illustrate, using the IS/LM/BP analysis, Greeces recent fiscal difficulties; and updates on the extent of foreign exchange restrictions in IMF countries.
作者簡介
Dennis R. Appleyard
現職:Davidson College
Alfred J. Field
現職:University of North Carolina at Chapel Hill