Zhang, Wei-Bin Primary Author mixed material bibliography germany springer 2008 en English

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In recent years, global economy has experienced a tremendous increase in the international movements of factor s and goods, with international trade and factor flows growing much more rapidly than output. 1 One can hardly find a family that does not hold something produced by foreign countries even in a developing economy like mainland China. All the people around the world are enjoying global services such as international sport games and global supermodels. Globalization is bringing the world together in consumption of services, goods, brand names, as well as knowledge. Evi- dently, a comprehensive international trade theory is essential not only for professional economists but also for any people who want to understand mechanisms of globalization and rela tions among nations. Trade theory is supposed to provide insights into mechanisms of international trades and determinants of trade patterns, and interactions of trade and economic growth. For instance, one may ask what are the long-term implications of sustained United States current account deficits and Japanese current ac- count surpluses. Do the both economies lose or benefit from the unbal- anced trade? If not, who benefits, and who loses? How can the government budgets for R&D and education affect national growth and international trade patterns? What are the economic mechanisms that determine interest rates, trade balances, and exchange ra tes? One may also ask about how in- creasing global capital market integration affects the nature and interna- tional business cycles. Will free trade bring the per capita incomes of de- veloping countries to converge to the le vels of developed economies? Is it possible that free trade harms all the countries? The purpose of this book is to provide a coherent and comprehensive analytical framework to address basic issues of international trade. EBOOK ECONOMY NONE 9783540782643 e-BOOK UPT Perpustakaan Instiper Yogyakarta International_Trade_Theory_Capital%252C_Knowledge%252C_Economic_Structure%252C_Money%252C_and_Prices_over_Time.jpg.j 526 2019-07-05 08:57:07 2019-07-05 08:57:22 machine generated