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About the Book
About the Book
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World Trade and Payments is renowned for its clear, in-depth coverage of international trade and finance. Along with its hallmark balance of empirical research and sophisticated models the Ninth Edition offers an all-new chapter on Emerging Markets, which takes a close look at the East Asia crisis of 1997-98 and complements nicely the existing chapter on LDCs and open economies. Two other new chapters appear in this edition—one on Interdependence, one on Supply—which have been adapted from the previous edition's coverage on aggregate supply and policy coordination. As always, text, data, and example are updated throughout, and the text offers the latest on globalization, political economy of trade control, wages, international tariffs, multinational enterprise, development of newly industrialized countries, and the World Trade Organization.
Features:
- Theories are introduced in a clear, comprehensive manner and are applied to real-world examples and issues.
- Updated policy issues and data are integrated throughout, including work on the World Trade Organization and globalization.
- NEW! Chapter 24 on “Crises in Emerging Markets” discusses the Asian Financial Crisis and other major events from around the world.
- NEW! Chapter 25 on “Interdependence and Coordination” offers updated and heavily revised material from the previous edition's coverage of interdependence.
- NEW! Chapter 26 on “Supply and Inflation” integrates previous work on aggregate supply with all-new discussions of inflation and the Corners Hypothesis.
- NEW! Online Study Guide.
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