Table Of Contents
- 1. Exchange Rates And Currency Markets
- 2. Trade
- Introduction
- Some Basic Concepts
- The Theory Of Absolute Advantage
- Partial Equilibrium Analysis
- The Benefits Of Free Trade
- The Effect Of Tariffs: Losses From Protectionism
- Does Anyone Lose From Trade? Trade And Incomes
- Is Free Trade Still Beneficial Even If There Are "Losers"?
- The Real World Of International Trade
- 3. The Balance Of Payments And The Global Growth Model
- Introduction
- The Underlying Principles Of The Balance Of Payments
- The Components Of The Balance Of Payments: Current And Financial Accounts
- The Real Causes Of Current Account Imbalances: Savers Vs Dissavers
- Are Current Account Imbalances A Problem?
- How Can Current Account Imbalances Be Corrected?
- The Current Account And Growth Models
- 4. Migration: Costs And Benefits