International Economics

Relay recent developments in the theoretical and practical sides of international economics

· Case study on trade and unemployment discusses the potential links between import competition from developing countries--especially China--and declining manufacturing employment in the US (Chapter 4).

· Case study documents the trend towards greater wage convergence in the European Union following its expansion to the East (Chapter 4).

· Boxexplores how the compensation of capital owners relative to workers has increased in the US (Chapter 5).

· Box discusses recent evidence showing that the gains from trade have a pro-poor bias--because consumers with relatively lower incomes tend to consume a relatively higher share of their income on goods that are more widely traded (Chapter 6).

· Box explains how many of the goods we consume are produced offshore in “Global Value Chains” and how this recent trend leads to misleading statistics for bilateral trade deficits (Chapter 8).

· Coverage of the failure of the Doha Round of trade negotiations to reach an agreement, and the failure of the Trans-Pacific Partnership (Chapter 10).

· Box discusses “Brexit”--Britain’s startling vote to leave the European Union (EU) (Chapter 10).

· Research suggests that rapid changes in international trade flows have larger adverse effects on workers than previously realized (Chapter 12).

· Box describes China’s offshore market and the relationship between its onshore and offshore exchange rates (Chapter 14).

· Box on the role of invoice currencies in exchange-rate pass-through (Chapter 17).

· Box describes the dangers of deflation (Chapter 19).

· Box on Brexit, specifically the process through which Britain is likely to leave the EU (Chapter 21).

· Coverage of the key role of commodities in developing-country growth, and the commodity “super cycle” (Chapter 22).

· Additional coverage of relevant topics and events including the impact of the North American Free Trade Agreement (NAFTA) on car production in Canada, Mexico, and the United States; why the decision by Nabisco to move production of Oreo cookies to Mexico is a consequence of trade restrictions on refined sugar; the role of negative interest rates in unconventional monetary policy; and the increasingly important role of emerging market economies in driving global growth.

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Pearson MyLab Economics - Instant Access - for International Economics: Theory and Policy, Global Edition, 11/E

Krugman, Obstfeld & Melitz

ISBN-10: 1292214937 • ISBN-13: 9781292214931

©2018 • Online • Estimated Availability: 08 Feb 2018

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Pearson MyLab Economics with Pearson eText - Instant Access - for International Economics: Theory and Policy, Global Edition, 11/E

Krugman, Obstfeld & Melitz

ISBN-10: 129223041X • ISBN-13: 9781292230412

©2018 • Online • Estimated Availability: 08 Feb 2018

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Instructor's Resource Manual for International Economics: Theory and Policy, Global Edition

Krugman, Obstfeld & Melitz

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Krugman, Obstfeld & Melitz

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Krugman, Obstfeld & Melitz

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Krugman, Obstfeld & Melitz

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