Peter B. Kenen The International Economy

ISBN 13: 9780134729114

The International Economy

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9780134729114: The International Economy

This text is an introduction to international economics for upper-level undergraduates and above. The first half examines the causes and effects of international trade, how tariffs and other trade policies affect the gains from trade, and the ways in which governments try collectively to regulate those policies. The second half deals with monetary matters--the behavior of exchange rates, how trade and capital flows affect the functioning of monetary and fiscal policies, the causes and management of currency crises, and the new European monetary union. This fourth edition assesses the outcome of the Uruguay Round of trade negotiations, the work of the new World Trade Organization (WTO), and the challenges posed by regional trade blocs. A problem set follows each chapter.

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Review:

'This book fills a very real gap: a textbook of more rigor than the leading undergraduate textbooks, while at the same time written in a clear, understandable style. Better than any other textbook I know, this work provides the student with a knowledgeable basis for setting textbook analysis in the context of the messy real world of political economy. It is appropriate for good, well-trained, relatively sophisticated undergraduate economics majors and for introductory graduate-level courses.' Polly Reynolds Allen, University of Connecticut

'This is a textbook rich in policy and institutional detail, yet rigorous in its exposition of economic ideas. Students will love the real-world orientation, while their professors will appreciate the no-nonsense approach to theory. Just as the author himself, this text is unsurpassed in erudition, wisdom, and practical insights.' Dani Rodrik, Kennedy School, Harvard University

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Kenen, Peter B.
Published by Prentice Hall College Div
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