"Applied International Economics, 5th edition, offers a modern and accessible treatment of international economics, shifting the emphasis from pure theory to the application of theory by using the standard tools of economic analysis. This new and streamlined edition makes the real-world...

An increasingly important component of total world trade is intra-industry trade (IIT). The large volume of literature on IIT is reflective of this importance. However, this extensive literature has focused almost completely on explaining the causes of IIT. This focus has left a puzzling gap in...

Cover -- Half Title -- Title Page -- Copyright Page -- CONTENTS -- List of figures -- List of tables -- List of boxes -- Preface -- Acknowledgments -- CHAPTER 1 Introduction: an overview of the world economy -- Introduction -- The scope of international economics -- The output of the world...

Introduction -- Trade balances and macroeconomic imbalances -- Comparative advantage -- New models of international trade -- Barriers to trade -- History of U.S. trade policy -- U.S. trade policy in the postwar era -- The institutions of U.S. trade policy -- Administered protection -- Trade...