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Thought-provoking and clearly explained, the new edition provides students of
international economics and international business with a rigorous explanation
of global economic theory and policy, both current trends and historic
developments. It explores key models through case studies and review questions,
enabling students to challenge the reporting of economic events by press and
Split into 2 parts – International Trade and International Finance – the text
explains conceptual building blocks before applying them to current events and
controversies. Key issues discussed include:
the influence of transportation costs economies of scale and the new economic
geography the evaluation of preferential trade agreements european Economic and
Monetary Union the integration of international financial markets international
financial crises, China and other emerging economies.
Fully illustrated with tables and figures to allow students to visualise the
issues discussed, the lively prose gives this book a refreshing approach. An
accompanying website also provides context and coverage of the international
financial crisis of October 2008, including the so-called ‘credit crunch’ and
the collapse of some banking institutions.