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World Trade and Payments
AN INTRODUCTION
World Trade and Payments
continues to be praised for its up-to-date, comprehensive coverage; its intuitive
organization; and its rigorous but accessible level of analysis. In addition to these
hallmark traits, the Ninth Edition offers the latest coverage of the World Trade
Organization, Japanese stagnation, and the euro, as well as integrated discussions of
globalization, immigration, and engaging topics such as intellectual property.
The all-new chapter on "Crises in Emerging Markets" offers a concise
presentation of the financial crises in East Asia and other developing countries in the
late 1990s. Previous coverage of interdependence and aggregate supply has been updated and
expanded to form two new chapters, "Interdependence and Coordination" and
"Supply and Inflation." All in all, this new edition will equip students with
all the analytical and real-world applications they need to pursue future work in
international trade and finance.
Updated data and news
coverage are integrated throughout, including up-to-date information on the World Trade
Organization and globalization.
An all-new Chapter 24 on
"Crises in Emerging Markets" has been added.
Previous coverage of
interdependence has been heavily revised to form a new Chapter 25, "Interdependence
and Coordination."
A new Chapter 26,
"Supply and Inflation" includes coverage of aggregate supply as well as new
material on inflation and the Corners Hypothesis.
"Caves, Frankel, and
Jones have produced a superb book. It is well grounded theoretically, well motivated
empirically and it provides the crucial tools for addressing the policy issues of a
changing global marketplace." Peter Rosendorff University of Southern California
"Students who
successfully complete a course using the Caves, Frankel, and Jones text will be extremely
well prepared to continue to the next level of international trade and finance." Kay
Strong Southern Illinois University
About Authors
Richard E. Caves is Nathaniel
Ropes Professor of Economics at Harvard University.
Jeffrey A. Frankel is James
W. Harpel Professor of Capital Formation and Growth at the Kennedy School of Government,
Harvard University.
Ronald W.Jones is Chairman of
Economics and Xerox Professor of Economics at the University of Rochester.
750 pages