This book offers a comprehensive and insightful reflection on David Ricardo’s ingenious theory of international trade. Divided into three parts, Part I presents the “birthday boy”, his concept and the many applications and insights that have been derived from it, particularly in modern...

The deregulation of domestic financial markets and the capital account in developing countries has frequently been associated with financial turmoil and macro volatility. The book analyzes the experiences of several countries, drawing implications for building development-friendly domestic and...

This book outlines the process of China's trade reforms over the past two decades and assesses the impact of these reforms on the economy. The author provides a detailed quantitative analysis to trace China's evolving commodity pattern of trade and changing comparative advantage structure over...

This book is aimed to analyze the effect of China, Japan and Korea's trade strategy on ASEAN countries. As closer economic ties between countries in the area have greatly expanded in the last decade, economic regionalization in East Asia has proceeded in a much more dynamic fashion while...

National economies are linked through flows of capital and goods. This book addresses those linkages, analyzes their benefits for economic development, and evaluates a country’s opportunities to reap the best possible rewards by influencing the linkages. The book focuses on the role of product...

This book is the result of recent research by contemporary scientists on topics which were discussed at the conference of the same name in Volgograd, Russia in April 2017. The global economic system is currently in a stage of active formation and development: its boundaries and conditions of...

This book provides an up-to-date overview of the development of the German financial system, with a particular focus on financialization and the financial crisis, topics that have increasingly gained attention since the crisis and the discussion on the secular stagnation started. The authors of...

Der Faktormarkt für Arbeit lässt sich aufgrund fortschreitender Spezialisierungsanforderungen, räumlicher Friktionen und sozialer Interdependenzen durch perfekt kompetitive Strukturen nur unzureichend beschreiben. In Analogie zu industrieökonomischen Ansätzen sowie in Abgrenzung zu...

Part 1: Recent Developments in Trade Theory and Empirics -- Chapter 1. The “New-New” Trade Theory: A review of the literature -- Chapter 2. Time Zones and FDI with Heterogeneous Firms -- Chapter 3. Firm Heterogeneity and Decision to Export: An exploration with India’s Capital Goods Sector...

Introduction and Overview -- Part One–International Trade Theory -- The Origins of Trade Theory -- The Ricardian Trade Model.- Factor Intensity -- Stripping Away Ricardo’s Assumptions -- Trade Barriers and Protectionism -- Part Two–Global Macroeconomics -- Global Macroeconomics -- Exchange...