International Trade
Fifth Edition ©2021 Robert Feenstra; Alan Taylor Formats: Achieve Essentials, E-book, Print
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Authors
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Robert C. Feenstra
Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.
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Alan M. Taylor
Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy. He is also a research associate of the National Bureau of Economic Research and coauthor (with Maurice Obstfeld) of Capital Markets: Integration, Crisis and Growth (Cambridge University Press, 2004). Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06. He lives in Davis, with his wife Claire, and has two young children, Olivia and Sebastian.
Table of Contents
1. Trade in the Global Economy
PART 2 PATTERNS OF INTERNATIONAL TRADE
2. Trade and Technology: The Ricardian Model
3. Gains and Losses from Trade in the Specific-Factors Model
4. Trade and Resources: The Heckscher—Ohlin Model
5. Movement of Labor and Capital Between Countries
PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE
6. Increasing Returns to Scale and Monopolistic Competition
7. Offshoring of Goods and Services
PART 4 INTERNATIONAL TRADE POLICIES
8. Import Tariffs and Quotas Under Perfect Competition
9. Import Tariffs and Quotas Under Imperfect Competition
10. Export Policies in Resource-Based and High-Technology Industries
11. International Agreements on Trade and the Environmen
Product Updates
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Achieve
Engage every student.
Achieve is a comprehensive set of interconnected teaching and assessment tools. It incorporates the most effective elements from Macmillan’s market leading solutions—including Sapling, LaunchPad, iClicker and others—in a single, easy to use platform. Our resources were co-designed with instructors and students, using a foundation of learning research and rigorous testing.
Featured in Achieve
Discovering Data problems ask students to locate, analyze, and interpret real-world data related to chapter topics.
Work It Out problems at the end of each chapter provide students with step-by-step assistance, thus helping develop analytical skills.
IN THE TEXTBOOK
A slimmed down text gives students more time for putting concepts into practice.
- New coverage on NAFTA and USMCA
- New coverage on “the political economy of Migration”
- New coverage of trade policy, including President Trump’s tariffs in imports from China
- Data, examples and applications updated throughout.
- Integrated updates about the impact of Covid-19
Authors
-
Robert C. Feenstra
Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.
-
Alan M. Taylor
Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy. He is also a research associate of the National Bureau of Economic Research and coauthor (with Maurice Obstfeld) of Capital Markets: Integration, Crisis and Growth (Cambridge University Press, 2004). Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06. He lives in Davis, with his wife Claire, and has two young children, Olivia and Sebastian.
Table of Contents
1. Trade in the Global Economy
PART 2 PATTERNS OF INTERNATIONAL TRADE
2. Trade and Technology: The Ricardian Model
3. Gains and Losses from Trade in the Specific-Factors Model
4. Trade and Resources: The Heckscher—Ohlin Model
5. Movement of Labor and Capital Between Countries
PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE
6. Increasing Returns to Scale and Monopolistic Competition
7. Offshoring of Goods and Services
PART 4 INTERNATIONAL TRADE POLICIES
8. Import Tariffs and Quotas Under Perfect Competition
9. Import Tariffs and Quotas Under Imperfect Competition
10. Export Policies in Resource-Based and High-Technology Industries
11. International Agreements on Trade and the Environmen
Product Updates
ONLINE
Achieve
Engage every student.
Achieve is a comprehensive set of interconnected teaching and assessment tools. It incorporates the most effective elements from Macmillan’s market leading solutions—including Sapling, LaunchPad, iClicker and others—in a single, easy to use platform. Our resources were co-designed with instructors and students, using a foundation of learning research and rigorous testing.
Featured in Achieve
Discovering Data problems ask students to locate, analyze, and interpret real-world data related to chapter topics.
Work It Out problems at the end of each chapter provide students with step-by-step assistance, thus helping develop analytical skills.
IN THE TEXTBOOK
A slimmed down text gives students more time for putting concepts into practice.
- New coverage on NAFTA and USMCA
- New coverage on “the political economy of Migration”
- New coverage of trade policy, including President Trump’s tariffs in imports from China
- Data, examples and applications updated throughout.
- Integrated updates about the impact of Covid-19
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Robert Feenstra; Alan Taylor | Fifth Edition | ©2021 | ISBN:9781319346768
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International Trade
Available for the first time with Macmillans new online learning tool, Achieve, the new edition of Feenstra and Taylor’s International Economics provides engaging, balanced coverage and applications of key concepts. Developed in the classroom by two of the most prominent researchers in the field, it seamlessly blends theory and empirical data with real-world policies, events, and evidence. And with Achieve, the new edition adds an enhanced interactive dimension to investigating the global economy.
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