International Economics: Global Markets and International Competition

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World Scientific, 2001 - Business & Economics - 475 pages
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This textbook describes and predicts production, trade and investment across countries. It describes the foundations of international trade and investment, including constant cost, neoclassical, and modern theories of production, industrial organization, and trade. The theory is presented using graphs and numerical examples. Many problems are offered. Over 200 boxed examples illustrate the theory. The text integrates issues of microeconomic trade with macroeconomic policy and finance. The emphasis is on the powerful forces of international markets and the limitations of government policy.
 

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Contents

International Markets
3
Trade with Constant Costs
38
Gains from Trade
75
FACTOR PROPORTIONS TRADE THEORY
91
Protection
111
Terms of Trade
140
Production and Trade
183
Industrial Organization and Trade
223
International Migration and Investment
263
Economic Integration
298
Balance of Payments
337
Foreign Exchange
366
International Financial Markets
405
Hints and Partial Answers to EvenNumbered Problems
447
Name Index
465
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About the author (2001)

Peter Erasmus was a Metis traveller, guide, buffalo hunter, translator, farmer, Indian Agent, and mission worker. He was born in 1833, and died in 1931. Erasmus was instrumental as the translator at the Treaty Six negotiations, and witnessed the change from buffalo hunting, to settlements and Reserves. At the age of 87, Erasmus told his life story to Henry Thompson (also a Metis person, and a journalist at the time) who wrote it down. The manuscript found its way to the Glenbow Museum and Archives and was published as Buffalo Days and Nights in 1976. Erasmus' Buffalo Days and Nights contains one of the few documentations of Treaty negotiations with his reminiscences of Treaty Six. Erasmus highlighted the authority of Mistawasis and Atahkakoop as Treaty Six Chiefs, and the resistance to treaty by Poundmaker and The Badger. Erasmus also revealed that he was in favor of treaty and the transition to farming, and was very critical of the Hudson's Bay Company.

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