This book integrates the microeconomics of trade with international finance and open economy macroeconomics. The emphasis throughout is on international competition and the limits of trade policy.Economics began with a debate over tariffs. Domestic industries lobby for protection against foreign...

This survey reviews the history of trade and investment between Cuba and the US. Aside from the embargo years, US trade and investment have been critical for Cuba. Short of protection for US sugar beet farmers, Cuba would have become a state of the US following the Spanish American War. Lifting...

Financial markets exhibit an asymmetric news effect with unexpected low prices generating more price volatility than quot;newsquot; of high prices. The present study examines US food markets for such asymmetric news effects. Analysis of 25 years of monthly data for 45 retail food items shows...