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Macmillan Higher Education Palgrave Higher Education

Introduction to International Economics

Edition 2nd Edition
ISBN 9780230202412
Publication Date January 2012
Formats Paperback 
Publisher Palgrave

The second edition of Introduction to International Economics is a non-technical introduction to international economics that builds on the strengths of the first edition. It analyses in a practical way how the internationalization of economic activities influences companies, investors and consumers, as well as foreign and domestic markets.

While the book is policy-oriented, the adequate historical and theoretical context is provided. All concepts are discussed in a non-mathematical way and graphic analysis is used to clarify explanations, which makes it ideal for business and MBA students.

International economics is attracting ever more attention due to the recent worldwide economic crisis, and this book gives a truly global perspective by discussing real-world examples and case studies from different sectors, including from the Americas, Europe and Asia.

New features in this edition include the following:
• Updated empirical material
• The chapter on balance of payments, the foreign exchange market and their relationship has been completely rewritten
• Expanded material on developments in the European monetary integration process
• More focus on issues in emerging economies, such as the practice and lessons of currency boards, dollarization, and the occurrence of currency crises

HENK JAGER is Professor of International Economics at the University of Amsterdam, The Netherlands. He was visiting professor at the Catholic University Leuven, Anton de Kom University of Surinam, University of Michigan (Ann Arbor), and the University of Antwerp. He has published numerous articles in the field of international finance, has contributed to books and written for journals such as Journal of International Economics, Journal of International Money and Finance, European Economic Review, and Review of World Economics. He has also (co-)edited several books and special journal issues on wide-ranging topics as the economics of international security, the EMU and economic decision-making.

CATRINUS JEPMAis Professor of Energy and Sustainability at the University of Groningen. From 1994 to 2007 he was (coordinating) lead author of the Intergovernmental Panel on Climate Change (IPCC), which was jointly awarded the 2007 Nobel Peace Prize. He is currently Scientific Director of the Energy Delta Gas Research Program and Scientific Director of the Energy Delta Institute, both in the Netherlands. He has lectured on international economics for over 25 years and is the author of several publications on issues related to international economics, energy and the environment.

Aspects of International Economics
Internationalization and the World Economy
International Trade Theory
International Production Factors, Foreign Direct Investment, and the Multinational Enterprise
Trade Policy: A Welfare Theory Analysis
Modern Arguments Relating to Protection
Trade Policy and Market Reforms: A Microeconomic Analysis
The Practice of Protection
Business, Government and Lobbying
Economic Integration
The Balance of Payments and the Foreign-exchange Market
International Capital Flows
Exchange-rate Explanation and Prediction
Exchange-rate Systems and Effects
International Risk: Types and Hedges
International Monetary Cooperation
A Financial Obstacle to Economic Development: The World Debt Crisis
A Financial Obstacle to Economic Development: Currency Crises
Irrevocably Fixed Exchange Rates: Recent Experiences


An increasing number of business people are confronted with aspects of international economics, such as exchange rate movements, capital flows, the functioning of the European Economic and Monetary Union, and trade flows. This book provides the much-needed non-technical introduction into the field.'' Eelke de Jong, Professor of International Economics, Radboud University Nijmegen, The Netherlands 'This is a really outstanding text. Interspersed with well-researched case studies, it provides a good balance between theory and practice. I strongly recommend this very useful new and updated edition.' Erik Dirksen, Lecturer at Amsterdam Business School, The Netherlands
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