International economics has distinguishing characteristics which make it a unique sub-field in economics. It is vitally concerned with the co-existence of markets with overlapping domains - some markets are national and some international, with different rules applicable to residents of...

Today’s global world is characterized not only by a high volume of international trade and foreign investment relative to national income, but also by a changed composition of that trade towards a greater fraction of trade in inputs and capital goods and outsourcing of production.. Emphasized...

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