Discover the proven, market-leading text that is a favorite among students of all backgrounds for its clear, concise treatment of international trade and finance theory. Now in its 16th edition, INTERNATIONAL ECONOMICS uses a wealth of contemporary examples and practical applications to vividly demonstrate the relevance of the theory you are learning to real-world economic issues and policy questions. The author presents discussions, both verbally and graphically, making the text highly understandable even if you have little economics background. This edition reflects the latest economic issues, from deindustrialization and declining oil prices to foreign exchange market rigging and deflation and the Eurozone, keeping your instruction both current and interesting. You will soon discover, 'If its clear, concise, and contemporary, it has to be Carbaugh!'
New to this edition
NEW UPDATES REFLECT THE LATEST ECONOMIC ISSUES: This new edition is thoroughly updated with content that reflects the latest economic issues throughout the world today.
CHAPTER HIGHLIGHTS INTERNATIONAL ECONOMY WITH NEW EXAMPLE: Chapter 1 now illustrates principles with new coverage of the U.S. Apple Growers and Chinese competition.
NEW ILLUSTRATION EXEMPLIFIES COMPARATIVE ADVANTAGE IN CHAPTER ON MODERN TRADE THEORY: Chapter 2 now covers 'Deindustralization Redeploys Workers, Shifting Competitiveness in Shipping Routes.'
CHAPTER ON NONTARIFF TRADE BARRIERS FOCUSES ON TIMELY ISSUES SUCH AS AVOIDING ANTIDUMPING DUTIES: A new illustration features the U.S.-Mexico Sugar Agreement, Vaughan Basset Furniture Co. and dumping in Chapter 5.
NEW CONTENT EXEMPLIFIES CONTEMPORARY ISSUES IN TODAYS TRADE REGULATIONS AND INDUSTRIAL POLICIES: Chapter 6 now highlights the impact of the U.S. eliminating restrictions on oil exports, export-import bank and Iran sanctions, and how Russia has been hit by sanctions over Ukraine.
TIMELY ISSUES CAPTURE STUDENTS ATTENTION IN CHAPTER 7: Readers examine Chinas challenges and how declining oil prices are testing OPEC in this chapter on Trade Policies for the Developing Nations.
NEW, MEMORABLE EXAMPLES BRING CONTENT ON REGIONAL TRADING ARRANGEMENTS TO LIFE: Chapter 8 now includes new coverage of deflation and the Eurozone, a transpacific partnership, free trade agreements that bolster Mexico, as well as content on Greece and the Eurozone.
CHAPTER 11 ON FOREIGN EXCHANGE INCORPORATES NEW EXAMPLES: Readers examine new content on currency carry trade and reserve currency burdens for the United States.
LATER CHAPTERS NOW INTEGRATE NEW, TIMELY EXAMPLES: Readers review new content on foreign exchange market rigging in Chapter 12, examine if currency depreciation increases exports in Chapter 14 and review how the Swiss Franc has soared after pegged rate is scrapped in Chapter 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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