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| About The Book
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| Description: |
| During the last few decades, the global economy has undergone rapid structural changes. With the increasing internationalisation of economic life, the study of International Economics becomes more complex due to the conjuncture of several economic, social, demographic and political factors operating both at the national and international spheres. Organized in five parts, this book captures all the recent developments in International Trade Theory in a simple, concise manner. The book provides a thorough review and analysis of the international trade and business environment, and helps students to apply this knowledge to practical aspects of doing business in international markets. A rigorous approach is used to provide students with a good understanding of the complex nature of international trade and business activities. It emphasizes the economic, geographical, and political factors that make international business significantly different from domestic business activities. The book is primarily intended as a textbook for undergraduate and post-graduate students of economics, commerce and management for their courses on international trade, foreign trade and international economics. Key Features
This book helps students to |
Contents: |
| Preface
Part I: Pure Theory of International Trade Chapter 1 Inter-Regional and International Trade Chapter 2 Classical Theory of Comparative Cost Advantages Chapter 3 Haberler’s Theory of Opportunity Cost Chapter 4 Heckscher–Ohlin Theory (Modern Theory of Factor Endowments) Chapter 5 Recent Theories on International Trade Chapter 6 Gains from Trade and Terms of Trade Chapter 7 Prebisch–Singer Thesis (Secular Deterioration Hypothesis) Part II: COMMERCIAL POLICY Chapter 8 Free Trade vs. Protection Chapter 9 Tariffs Chapter 10 Quotas Chapter 11 Dumping Chapter 12 Exchange Control Chapter 13 Theory of Customs Union Part III: BALANCE OF PAYMENTS Chapter 14 Balance of Payments: Meaning and Components Chapter 15 Adjustment Mechanisms of Balance of Payments Chapter 16 Foreign Trade Multiplier Chapter 17 Foreign Exchange Chapter 18 Foreign Exchange Market Chapter 19 Foreign Exchange Rate Policy Chapter 20 Hybrid Intermediate Exchange Rate System Chapter 21 Optimum Currency Area Part IV: INTERNATIONAL ECONOMIC RELATIONS Chapter 22 International Monetary Fund Chapter 23 World Bank Chapter 24 World Trade Organisation Chapter 25 Asian Development Bank (ADB) Chapter 26 Euro Dollar (Euro Currency) Market Part V: INTERNATIONAL CAPITAL FLOWS Chapter 27 Capital Movements Chapter 28 Foreign Direct Investment Chapter 29 Multinational Corporations Chapter 30 New International Economic Order: North Dialogue Answer to Multiple-Choice Questions • Index |
| Author Details
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| Author Name | KENNEDY, M. MARIA JOHN |
| About Author | M. MARIA JOHN KENNEDY, PhD, is Associate Professor, Department of Economics, Arul Anandar College (Autonomous), Karumathur, Madurai, Tamil Nadu. He has more than 28 years of teaching and research experience. Dr. Kennedy has published/presented many papers in national and international journals. He is a member of Indian Economic Association and Association of Economists of Tamil Nadu and Pondicherry. He has authored 11 books including Macroeconomic Theory and Public Finance, published by PHI Learning. He is the recipient of the Best Teacher Award in Economics in Tamil Nadu by Malcolm & Elizabeth Adhiseshiah Trust, Chennai, for 2010–2011. |