International trade
Charles Van Marrewijk
- Oxford ; New York, NY : Oxford University Press, c2017.
- xxviii, 489 p. : ill. ; 25 cm.
Machine generated contents note: pt. I Introduction 1.The world economy 1.1.Introduction 1.2.World Bank regions 1.3.Land area and population 1.4.Income 1.5.Income per capita 1.6.International trade 1.7.Conclusions 2.Globalization 2.1.Introduction 2.2.What is globalization? 2.3.World income and trade since 1960 2.4.World trade and income per capita since 1960 2.5.A longer-term perspective: the past 2,000 years 2.6.Globalization in history 2.7.The price wedge and trade flows 2.8.More waves: capital and migration flows 2.9.Globalization and income inequality 2.10.Within-country income inequality 2.11.Conclusions 3.The balance of payments 3.1.Introduction 3.2.National income accounting 3.3.The balance of payments 3.4.Capital flows 3.5.Nations and (urns' a classic mistake 3.6.The Feldstein-Horioka puzzle 3.7.Conclusions pt. II Comparative advantage 4.Technology: the classical approach Contents note continued: 4.1.Historical Introduction 4.2.Smith's argument for free trade 4.3.Ricardo's contribution 4.4.Technology as a basis for comparative advantage 4.5.The production possibility frontier and autarky 4.6.Terms of trade and gains from trade 4.7.Ricardo and agriculture 4.8.More countries and the world production possibility frontier 4.9.Measuring trade advantages: The Balassa Index 4.10.Production structure: services and agriculture 4.11.Conclusions 5.Technology: the neoclassical approach 5.1.Introduction 5.2.Inter-and intra-regional trade flows 5.3.Neoclassical economics 5.4.General structure of the neoclassical model 5.5.Production functions 5.6.Cost minimization 5.7.Impact of wage rate and rental rate 5.8.Constant returns to scale 5.9.Factor price equalization 5.10.Stolper-Samuelson 5.11.Conclusions 6.Factor abundance and trade 6.1.Introduction 6.2.Rybczynski Contents note continued: 6.3.The distribution of labour and capital 6.4.Heckscher-Ohlin 6.5.The production possibility frontier 6.6.Structure of the equilibrium 6.7.Autarky equilibrium 6.8.Trade equilibrium 6.9.Empirics: Leontief paradox and missing trade 6.10.Conclusions pt. III Competitive advantage 7.Imperfect competition 7.1.Introduction 7.2.Monopoly 7.3.Monopoly in general equilibrium: autarky 7.4.Oligopoly 7.5.The pro-competitive effect of international trade 7.6.`Reciprocal dumping' 7.7.Conclusions 8.Intra-industry trade 8.1.Introduction 8.2.Theoretical issues 8.3.Measuring intra-industry trade: Grubel Lloyd 8.4.Dixit-Stiglitz demand 8.5.Demand effects: income, price elasticity, and the price Index 8.6.Increasing returns to scale 8.7.Optimal pricing and zero profits 8.8.Explaining intra-industry trade 8.9.An alternative interpretation: intermediate goods Contents note continued: 8.10.Case study: China and `electrical, electronic equipment' 8.11.Conclusions 9.Investment and migration 9.1.Introduction 9.2.Foreign direct investment (FDI) 9.3.Distribution of FDI 9.4.Greenfield FDI and mergers and acquisitions 9.5.The size of multinationals 9.6.The importance of multinationals 9.7.Simple gains from capital mobility 9.8.Migration 9.9.Impact of migration flows since 1500 9.10.Conclusions pt. IV Trade policy 10.Trade organizations and policy 10.1.Introduction 10.2.International economic order 10.3.World Trade Organization 10.4.The United Nations and UNCTAD 10.5.Organization for Economic Cooperation and Development 10.6.Tariffs, quotas, and other trade restrictions 10.7.Tariffs and partial equilibrium 10.8.Tariffs and general equilibrium 10.9.The `optimal' tariff and retaliation 10.10.Conclusions 11.Strategic trade policy 11.1.Introduction Contents note continued: 11.2.WTO trade disputes 11.3.Analysis of WTO disputes 11.4.Market power and tariffs 11.5.The non-equivalence of tariffs and quotas 11.6.Strategic trade policy 11.7.The nature of competition 11.8.Evaluation of strategic trade policy 11.9.The aircraft industry: from AB to ABC? 11.10.Conclusions 12.Regional trade agreements 12.1.Introduction 12.2.Number of RTAs 12.3.Types of RTAs 12.4.Shallow versus deep integration and RTA heterogeneity 12.5.Neoclassical theory of RTAs 12.6.Regionalism and new trade theory 12.7.RTA example: European Union (EU) 12.8.Enlargement of the EU 12.9.Brexit: start of the decline of the EU? 12.10.RTA case study: TTIP 12.11.Conclusions pt. V International firms 13.Heterogeneous firms 13.1.Introduction 13.2.Firm Heterogeneity in exports 13.3.Firm heterogeneity in imports 13.4.Main structure and firm behaviour 13.5.Entry, exit, and equilibrium Contents note continued: 13.6.Firm heterogeneity, trade, and productivity 13.7.Firm heterogeneity and mode of entry 13.8.Conclusions 14.Multinational firms 14.1.Introduction 14.2.Trade and multinationals 14.3.Stylized facts of multinationals 14.4.Explaining multinationals 14.5.Proximity-concentration trade-off 14.6.Horizontal FDI and country differences 14.7.Empirical evidence for horizontal FDI 14.8.Horizontal FDI and firm heterogeneity 14.9.Conclusions 15.Off shoring and supply chains 15.1.Introduction 15.2.Hard-disk drive supply-chain example 15.3.Trade in value added 15.4.Vertical FDI (fragmentation) 15.5.Vertical FDI and wage inequality 15.6.Heterogeneous firms and vertical FDI 15.7.Empirical evidence for vertical FDI 15.8.Measuring supply chains: value added 15.9.Measuring supply chains: Grubel-Lloyd 15.10.Firm boundaries 15.11.Conclusion pt. VI International interactions Contents note continued: 16.Geography and gravity 16.1.Introduction 16.1.Zipf's Law arid the gravity equation 16.2.Geographic! economics 16.4.Multiple locations and equilibrium 16.5.Simulation analysis 16.6.Alternative models: human capital and intermediate goods 16.7.Predicting the location of European cities 16.8.The gravity equation 16.9.Conclusions 17.Growth and competitiveness 17.1.Introduction 17.2.Stylized facts 17.1.Capital accumulation 17.4.Human capital 17.5.Forward-looking behaviour 17.6.Total factor productivity (TFP) 17.7.Accumulability, rivalness, and excludability 17.8.Knowledge and endogenous growth 17.9.Dupuit triangles and the costs of trade restrictions 17.10.China: a case study 17.11.Global competitiveness: an overview 17.12.Conclusions.
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