Over the last few decades, the global economy has undergone rapid structural changes. With the increasing internationalisation of economic life, the study of international economics has become more complex. Organised into five parts, this book captures all the recent developments in international trade theory in a simple, concise manner. It provides a thorough review and analysis of the international trade and business environment, and helps students to apply this knowledge to practical aspects of doing business in international markets.
A rigorous approach is used to provide students with a good understanding of the complex nature of international trade and business activities. It emphasizes the economic, geographical, and political factors that make international business significantly different from domestic business activities.
The book is primarily intended as a textbook for undergraduate and post-graduate students of economics, commerce and management for their courses on international trade, foreign trade and international economics.
This book helps students to
Understand the fundamental determinants of the balance of payments and exchange rates
Identify and analyse different theoretical models of international economics
Learn multidimensional perspective of the goals, operations and consequences of different trade policies
Gain an understanding of basic economic frameworks to analyse international economic policies.
M. Maria John Kennedy, PhD, is Associate Professor, Department of Economics, Arul Anandar College (Autonomous), Karumathur, Madurai, Tamil Nadu, India. He has more than 28 years of teaching and research experience. Dr. Kennedy has published/presented many papers in national and international journals. He is a member of Indian Economic Association and Association of Economists of Tamil Nadu and Pondicherry. He has authored 11 books including Macroeconomic Theory and Public Finance, published by PHI Learning. He is the recipient of the Best Teacher Award in Economics in Tamil Nadu by Malcolm & Elizabeth Adhiseshiah Trust, Chennai, India, for 2010-2011.