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By Kenneth A. Reinert

This booklet is designed for a one-semester or two-semester path in foreign economics, essentially concentrating on non-economics majors and courses in enterprise, diplomacy, public coverage, and improvement reviews. it's been written to make overseas economics obtainable to broad scholar audiences. The ebook assumes a minimum historical past in microeconomics and arithmetic and is going past the standard trade-finance dichotomy to offer equivalent therapy to 4 "windows" at the international economic system: overseas exchange, foreign construction, overseas finance, and foreign improvement. It takes a practitioner perspective instead of a customary educational view, introducing the coed to the cloth they should develop into powerful analysts in foreign financial coverage. the website for the textual content can be discovered at http://iie.gmu.edu.Review'An creation to overseas Economics is without doubt one of the infrequent economics textbooks that scholars really take pleasure in studying. Kenneth Reinert covers an important variety of fabric on foreign economics succinctly and in a language that scholars can comprehend. it's the ideal publication for a one-semester path on foreign alternate and finance, which additionally deals chapters on multinational corporations and fiscal improvement for professors who desire to emphasize these topics.' Robert A. Blecker, American University'This is a full of life ebook, written with nice readability. It doesn't crush the scholars and but manages to educate them the fundamental thought, and its program to coverage difficulties, with nice effectiveness.' Arvind Panagariya, Columbia University'Students enjoyed this article as a result of its breadth of content material, intensity of research, and total accessibility. i wouldn't hesitate to exploit this e-book back, rather in an interdisciplinary environment.' Jonathan B. Wight, college of Richmond ebook DescriptionThis e-book is designed for a one-semester or two-semester path in foreign economics, essentially concentrating on non-economics majors and courses in enterprise, diplomacy, public coverage, and improvement reviews. it's been written to make foreign economics available to extensive scholar audiences. [C:\Users\Microsoft\Documents\Calibre Library]

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Extra resources for An Introduction to International Economics: New Perspectives on the World Economy

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NAFTA was an agreement for liberalizing trade and investment among the countries of North America, but its effects went beyond the trade and production windows to the finance window. The financial crises of the 1990s took place in the realm of international finance, but the effects were strongly transmitted to the realm of international development: standards of living fell. So as you proceed through the remainder of this book, it will be important for you to identify connections among the four windows.

Culture is as real as it is difficult to define, and we usually do not notice it until our own cultural norms have been seriously violated. It is popular to depict cultural clashes as inevitable and growing in strength in the form of a “clash of civilizations” and to further define this clash as one that is occurring between Islam and Christianity. Many of these claims do not stand up to close scrutiny. ” That said, it is nevertheless important to recognize that the extent to which cultural conflicts are managed (at the level of international politics or within a single MNE) matters a great deal to the evolution of the world economy.

12 on Tue Oct 09 05:26:45 BST 2012. 006 Cambridge Books Online © Cambridge University Press, 2012 20 ABSOLUTE ADVANTAGE Throughout most of the 1980s, Vietnam imported rice. In 1989, however, Vietnam exported more than 1 million tons of rice. In the 1990s, its annual rice exports increased to more than 3 million tons. Despite a fall in rice exports in 2004, Vietnam was expected to export 6 million tons of rice in 2009. As discussed in Goldin and Reinert (2007, Chapter 3) and Heo and Doanh (2009), despite being the staple consumption crop in Vietnam, the expansion of rice exports helped to alleviate poverty in that country through increased employment and wage income.

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