International Economics

In this text, real-world examples and applications from economics and business illustrate topics in international economics. Topics covered include: the spread of protectionism around the world, the establishment of a single market in the European Community, economic reforms in Eastern Europe and the former Soviet Republics, optimum currency areas, the European monetary system, exchange rate fluctuations, and international monetary and financial adjustments. Coverage of economies of scale, imperfect competition and international trade reflect developments in trade theory. This edition contains a new section which identifies the major international (trade and financial) problems facing the US and the world, and then suggests possible solutions.