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International Trade

October 2012, ©2013
International Trade (EHEP002495) cover image


McLaren’s International Trade covers all of the conventional theory that students are expected to learn, but presents it in a modern and unique way. Aiming to teach students how to use economic theory instead of merely memorizing economic theory, International Trade introduces each topic with a real-world policy problem followed by the models and theories in an applied approach. This approach encourages more student engagement with the material and fosters a view of model theory as a tool for understanding the world. The text is designed well for undergraduate students but can be used in MBA, and Masters of Public Administration courses in international economics.



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Table of Contents

About the Author v

Preface vii

Part I. Engines of Globalization

1 A Second Wave of Globalization 1

2 Should Nigeria Strive for Self-Sufficiency in Food? 13

3 Why Do Americans Get Their Impalas from Canada? 30

4 Trade and Large Corporations: Kodak versus Fuji 48

Part II. Politics and Policy in the World Economy

5 Why Did the North Want a Tariff, and Why Did the South Call It an Abomination? 64

6 Is Free Trade a Rip-off for American Workers? 86

7 Why Doesn’t Our Government Want Us to Import Sugar? 108

8 Who Are the WTO, and What Do They Have Against Dolphins? 135

9 Should Developing-Country Governments Use Tariffs to Jump-start Growth? 152

10 Was Ronald Reagan Punked by Japanese Automakers? 173

Part III. Current Controversies

11 Should the iPod Be Made in the United States? 188

12 Should We Build a Border Fence? 210

13 Trade and the Environment: Is Globalization Green? 226

14 Sweatshops and Child labor: Globalization and Human Rights 239

15 Is NAFTA a Betrayal of the Poor or a path to Prosperity? 263

Part IV. Macroeconomic Aspects of Globalization

16 Is the Trade Deficit a Time Bomb? 286

17 Trade and Exchange Rates: Is the Renminbi the Culprit? 304

Index 327

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The Wiley Advantage

  • Inversion Technique: Real-world policy problems are presented at the beginning of each topic to engage students and are followed by a theoretical model that is necessary to understand the argument being presented.
  • Coverage: Although the manner of presentation is unusual, and the table of contents shows a series of real-world policy problems rather than theoretical topics, the textbook contains the full set of theoretical models contained in any standard international textbook, presented in full analytical rigor.
  • Moderate Technical Level: The text does not include Calculus, but the analysis of models is fairly detailed.
  • Empirical Assignments: Problems at the end of the chapter ask students to work through simple exercises using actual data on spreadsheets.
  • Theory Exercises on Spreadsheets: Student homework problems on optimal tariffs in Chapter 7 and productivity effects of a Melitz-type model in Chapter 3 are set up in this way.
  • Family Tree of Trade Models: A diagram that summarizes all of the theory in the course at a glance, and which serves as a map for navigating the course material.
  • Advanced theoretical topics: The book incorporates a simplified account of the Melitz model; both the Feenstra-Hanson and the Grossman-Rossi-Hansberg models of offshoring; the Kala Krishna theory of VER’s as facilitating practices; and very simplified analytical equilibrium treatments of the ideas in theoretical work on the WTO by Bagwell and Staiger and on pollution by Copeland and Taylor. 
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Instructors Resources
Wiley Instructor Companion Site
Instructor Companion Site
Instructor’s Manual
Several valuable resources that enhance each chapter of the text, including a chapter summary, approaches to teaching the chapter, suggested related readings, and answers to all of the end-of-chapter questions.
Test Bank
Multiple choice and short answer questions varying in level of difficulty for every chapter.
Excel Spreadsheets
Throughout the book, the icon at right identifies selected problems that can be solved using Excel spreadsheets found on the book companion site.
Lecture slides
Slides of text art and lecture outlines for each chapter are provided on the companion web site and can be viewed or downloaded to a computer.
Additional Questions & Problems
Similar to those found in the end of chapter, additional questions and problems are provided for further practice and/or assessment.
Digital evaluation copy available for this title
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Students Resources
Wiley Student Companion Site
Excel Spreadsheets
Throughout the book, the icon at right identifies selected problems that can be solved using Excel spreadsheets found on the book companion site.
Student Practice Quizzes
Approximately 10 multiple choice questions per chapter help students evaluate individual progress through a chapter.
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Purchase Options
Wiley E-Text   
International Trade
ISBN : 978-1-118-54547-8
352 pages
September 2012, ©2013
$64.00   BUY

International Trade
ISBN : 978-0-470-40879-7
352 pages
October 2012, ©2013
$155.95   BUY

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