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In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.




In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.

International Trade Theory and Policy is a masterful exposition of the core ideas of international trade. The book updates the classic monograph of Professor Gandolfo and is now the single most comprehensive and up-to-date book in the field. I highly recommend it for advanced undergraduates, PhD students, and professional economists. Even specialists in international trade will find new insights.

Professor Donald R. Davis, Kathryn and Shelby Cullom Davis Professor of Economics and International Affairs, Columbia University

This new edition of International Trade Theory and Policy continues the fine tradition set by Giancarlo Gandolfo with his first edition. This is a comprehensive and up to date textbook ideal for both undergraduate and graduate trade courses. This new edition includes the latest on globalization, economic geography as well as a trade integration and wage inequality. It is an essential addition to any academics bookshelf and an important reference in any quality international trade course.

Professor Pasquale M. Sgro, Associate Dean Research, Faculty of Business and Law, Deakin University and Editor, Journal of International Trade and Economic Development




In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.

International Trade Theory and Policy is a masterful exposition of the core ideas of international trade. The book updates the classic monograph of Professor Gandolfo and is now the single most comprehensive and up-to-date book in the field. I highly recommend it for advanced undergraduates, PhD students, and professional economists. Even specialists in international trade will find new insights.

Professor Donald R. Davis, Kathryn and Shelby Cullom Davis Professor of Economics and International Affairs, Columbia University

This new edition of International Trade Theory and Policy continues the fine tradition set by Giancarlo Gandolfo with his first edition. This is a comprehensive and up to date textbook ideal for both undergraduate and graduate trade courses. This new edition includes the latest on globalization, economic geography as well as a trade integration and wage inequality. It is an essential addition to any academics bookshelf and an important reference in any quality international trade course.

Professor Pasquale M. Sgro, Associate Dean Research, Faculty of Business and Law, Deakin University and Editor, Journal of International Trade and Economic Development


Content:
Front Matter....Pages i-xxvii
Front Matter....Pages 1-1
Introduction to International Trade Theory and Policy....Pages 3-7
Front Matter....Pages 9-9
The Classical (Ricardo-Torrens) Theory of Comparative Costs....Pages 11-31
The Neoclassical Theory of International Trade....Pages 33-62
The Heckscher-Ohlin Model....Pages 63-101
The Four Core Theorems....Pages 103-108
Some Refinements....Pages 109-156
Front Matter....Pages 157-157
An Overview....Pages 159-164
The Precursors....Pages 165-176
The Models....Pages 177-212
Front Matter....Pages 213-213
Tariff and Non-tariff Barriers....Pages 215-251
Free Trade vs. Protection, and Preferential Trade Cooperation....Pages 253-275
The “New” Protectionism....Pages 277-295
Front Matter....Pages 297-297
International Trade and Growth: Comparative Statics....Pages 299-320
International Trade and Growth: Dynamics....Pages 321-327
Endogenous Growth and Trade, Old and New....Pages 329-334
Front Matter....Pages 335-335
Globalization and Economic Geography....Pages 337-364
Trade Integration and Wage Inequality....Pages 365-408
Front Matter....Pages 409-409
Appendix to Chapter 2....Pages 411-427
Appendix to Chapter 3....Pages 429-449
Appendix to Chapter 4....Pages 451-462
Front Matter....Pages 409-409
Appendix to Chapter 5....Pages 463-465
Appendix to Chapter 6....Pages 467-501
Appendix to Chapter 9....Pages 503-525
Appendix to Chapter 10....Pages 527-542
Appendix to Chapter 11....Pages 543-546
Appendix to Chapter 12....Pages 547-550
Appendix to Chapter 13....Pages 551-570
Appendix to Chapter 14....Pages 571-578
Appendix to Chapter 15....Pages 579-605
Appendix to Chapter 16....Pages 607-615
Appendix to Chapter 17....Pages 617-628
Back Matter....Pages 629-663
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