Modeling the offshoring of white-collar services : from comparative advantage to the new theories of trade and foreign direct investment / James R. Markusen -- Service offshoring : threats and opportunities / Daniel Trefler -- Tradable services : understanding the scope and impact of services...

Real exchange rate (RER) misalignment refers to a situation in which a country's actual RER deviates from some notion of an implicit "ideal" RER. An exchange rate is labeled "undervalued" when it is more depreciated than this ideal, and "overvalued" when it is more appreciated than this ideal....