The international economy has seen a great deal of change over recent years, and there is much talk in the media of the impact of emerging markets such as India and China. Giving a new perspective on International Economics in the age of globalisation, this engaging text addresses economics with a whole-world perspective, including developing countries and puts emphasis on empirical study. With its many examples pulled from today's headlines, Feenstra/Taylor will be the ideal book for instructors looking for a fresh, up-to-date approach to international economics. KEY FEATURES * Offers a better fit to modern IE modules -- reflects the current emphasis on the role of developing economies * Takes a whole world perspective and includes developing countries * Includes empirical evidence throughout -- helps students understand the models * Includes reference to popular news stories -- engaging for students
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ROBERT C. FEENSTRA is a Professor in the Department of Economics at the University of California, Davis, USA. He also directs the International Trade and Investment program at the National Bureau of Economic Research in Cambridge, Massachusetts. He is a former editor of the Journal of International Economics and an associate editor of the American Economic Review). In September 2006 he received the Bernhard-Harms Prize from the Kiel Institute of World Economics in Germany. ALAN M. TAYLOR is a Professor in the Department of Economics at the University of California, Davis, USA. He is also a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts and a Research Fellow of the Centre for Economic Policy Research in London. He serves on the editorial boards of the Journal of Economic Literature and the Journal of International Money and Finance.Review :
'The authors present an innovative mix of theory, stylized facts, application of the theory to current and historical examples, and discussion of recent empirical research. No other textbook has this mix that I find tremendously appealing.' -Maria Muniagurria, University of Wisconsin, USA 'The addition of the gains from financial globalization is quite attractive, as are the chapters covering the winners and losers from trade and outsourcing. These three chapters make this book very topical and I think particularly interesting to students.' - Diane Flaherty, University of Massachusetts, USA 'The authors have carefully selected several very interesting and relevant case studies which provide an opportunity to motivate and apply the tools explained through the text. It is very difficult to teach students how to think like an economist. It requires time and discipline. But this text makes an important contribution in that direction.' - Ricardo A. Lopez, Indiana University, USA
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