International trade : theory and policy / Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz.

Includes bibliographical references and index.

Preface — Introduction — International trade theory — World trade : an overview — Labor productivity and comparative advantage : the Ricardian model — Specific factors and income distribution — Resources and trade : the Heckscher-Ohlin model — The standard trade model — External economies of scale and the international location of production — Firms in the global economy : export decisions, outsourcing, and multinational enterprises — International trade policy — The instruments of trade policy — The political economy of trade policy — Trade policy in developing countries — Controversies in trade policy — Mathematical postscripts — Index.

For courses in international economics, international finance, and international trade. A balanced, global approach to economic theory and policy applications International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of theory and policy around the world. Divided into two halves, with the first devoted to trade and the second to monetary questions, the text provides an intuitive introduction to theory and events as well as detailed coverage of the actual policies put into place as a response. In the 12th edition, important economic developments are highlighted, with many lessons drawn from the recent COVID-19 pandemic experience. Using examples like these, the text equips students with the intellectual tools for understanding the changing world economy and economic implications of global interdependence.

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