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INTERNATIONAL ECONOMICS,
By KENNEDY, M. MARIA JOHN
About The Book
Price: Rs. 325.00
ISBN: 978-81-203-4986-5
Pages: 344
Binding: Paper Back
DESCRIPTION
Duri ng the l ast few decades, the gl obal economy has undergone rapi d structural changes. Wi th the
i ncreasi ng i nternati onal i sati on of economi c l i fe, the study of Internati onal Economi cs becomes
more compl ex due to the conjuncture of several economi c, soci al , demographi c and pol i ti cal
factors operati ng both at the nati onal and i nternati onal spheres.
Organi zed i n fi ve parts, thi s book captures al l the recent devel opments i n Internati onal Trade
Theory i n a si mpl e, conci se manner. The book provi des a thorough revi ew and anal ysi s of the
i nternati onal trade and busi ness envi ronment, and hel ps students to appl y thi s knowl edge to
practi cal aspects of doi ng busi ness i n i nternati onal markets. A ri gorous approach i s used to
provi de students wi th a good understandi ng of the compl ex nature of i nternati onal trade and
busi ness acti vi ti es. It emphasi zes the economi c, geographi cal , and pol i ti cal factors that make
i nternati onal busi ness si gni fi cantl y di fferent from domesti c busi ness acti vi ti es.
The book i s pri mari l y i ntended as a textbook for undergraduate and post-graduate students of
economics, commerce and management for their courses on international trade, foreign trade and
international economics.
Key Features
Thi s book hel ps students to
Understand the fundamental determi nants of the bal ance of payments and exchange rates
Identi fy and anal yse di fferent theoreti cal model s of i nternati onal economi cs i n l i ght of real
worl d si tuati ons
Learn mul ti di mensi onal perspecti ve of the goal s, operati ons and consequences of di fferent
trade pol i ci es
Gai n an understandi ng of basi c economi c framework to anal yze i nter-nati onal economi c
pol i ci es
CONTENTS
Preface
Part I: Pure Theory of International Trade
Chapter 1 Inter-Regi onal and Internati onal Trade
Chapter 2 Cl assi cal Theory of Comparati ve Cost Advantages
Chapter 3 Haberl ers Theory of Opportuni ty Cost
Chapter 4 HeckscherOhl i n Theory (Modern Theory of Factor Endowments)
Chapter 5 Recent Theori es on Internati onal Trade
Chapter 6 Gai ns from Trade and Terms of Trade
Chapter 7 Prebi schSi nger Thesi s (Secul ar Deteri orati on Hypothesi s)
Part II: COMMERCIAL POLICY
Chapter 8 Free Trade vs. Protecti on
Chapter 9 Tari ffs
Chapter 10 Quotas
Chapter 11 Dumpi ng
Chapter 12 Exchange Control
Chapter 13 Theory of Customs Uni on
Part III: BALANCE OF PAYMENTS
Chapter 14 Bal ance of Payments: Meani ng and Components
Chapter 15 Adjustment Mechani sms of Bal ance of Payments
Chapter 16 Forei gn Trade Mul ti pl i er
Chapter 17 Forei gn Exchange
Chapter 18 Forei gn Exchange Market
Chapter 19 Forei gn Exchange Rate Pol i cy
Chapter 20 Hybri d Intermedi ate Exchange Rate System
Chapter 21 Opti mum Currency Area
Part IV: INTERNATIONAL ECONOMIC RELATIONS
Chapter 22 Internati onal Monetary Fund
Chapter 23 Worl d Bank
Chapter 24 Worl d Trade Organi sati on
Chapter 25 Asi an Devel opment Bank (ADB)
Chapter 26 Euro Dol l ar (Euro Currency) Market
Part V: INTERNATIONAL CAPITAL FLOWS
Chapter 27 Capi tal Movements
Chapter 28 Forei gn Di rect Investment
Chapter 29 Mul ti nati onal Corporati ons
Chapter 30 New Internati onal Economi c Order: North Di al ogue
Answer to Multiple-Choice Questions Index

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