Now in its 15th edition, this proven, market-leading book remains a favorite among readers of all backgrounds for its clear, concise treatment of international trade and finance theory. Using a wealth of contemporary examples and practical applications, INTERNATIONAL ECONOMICS vividly demonstrates the relevance of theory to real-world economic issues and policy questions. Discussions are presented both verbally and graphically, making the book highly accessible even if you have little economics background. As you will soon discover, "If it's clear, concise, and contemporary, it has to be Carbaugh!"
New to this edition
NEW UPDATES: INTERNATIONAL ECONOMICS, 15E has been thoroughly updated, with content that reflects the latest economic issues.
Element Electronics Brings Production Back to U.S., Ch. 1.
Wooster, Ohio Bears Brunt of Globalization, Ch. 2.
Natural Gas Boom Fuels Debate, Ch. 2.
Reshoring Production to the United States, Ch. 2.
Comparative Advantage and Global Supply Chains, Ch. 2.
Japan Fades in Global Electronics Industry, Ch. 3.
Wage Increases Reduces China's Competitiveness, Ch. 3.
Should Shoe Tariffs Be Stomped Out?, Ch. 4.
Tariff Rate Quota Bittersweet for U.S. Consumers, Ch. 5.
Averting Trade Barriers During the Great Recession, Ch. 6.
Carbon Tariff Invites Controversy, Ch. 6.
Bangladesh's Sweatshop Reputation, Ch. 7.
Is State Capitalism Winning?, Ch. 7.
U.S.-Mexico Tomato Dispute, Ch. 8.
Apple Uses Tax Loopholes to Dodge Tariffs, Ch. 9.
Caterpillar Bulldozes Canadian Locomotive Workers, Ch. 9.
Technology Transfer from Boeing to China, Ch. 9.
Canada's Immigration Policy, Ch. 9.
Does the Federal Reserve Own or Hold Gold, Ch. 10.
Yen Depreciation Drives Toyota Profits Upward, Ch. 11.
Foreign Exchange Market Speculation, Ch. 11.
Does Currency Depreciation Give Weak Countries a Way Out of a Crisis?, Ch. 14.
Currency Manipulation and Currency Wars, Ch. 15.
1. The International Economy and Globalization.
Part I: INTERNATIONAL TRADE RELATIONS.
2. Foundations of Modern Trade Theory: Comparative Advantage.
3. Sources of Comparative Advantage.
4. Tariffs.
5. Nontariff Trade Barriers.
6. Trade Regulations and Industrial Policies.
7. Trade Policies for the Developing Nations.
8. Regional Trading Arrangements.
9. International Factor Movements and Multinational Enterprises.
Part II: INTERNATIONAL MONETARY RELATIONS.
10. The Balance of Payments.
11. Foreign Exchange.
12. Exchange-Rate Determination.
13. Mechanisms of International Adjustment.
14. Exchange-Rate Adjustments and the Balance of Payments.
15. Exchange-Rate Systems and Currency Crises.
16. Macroeconomic Policy in an Open Economy.
17. International Banking: Reserves, Debt, and Risk.
Glossary.
Index.
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