International Economics PDF
Preview International Economics
second edition inter national economics Senior Publisher: Catherine Woods Executive Editor: Charles Linsmeier Senior Acquisitions Editor: Sarah Dorger Development Editors: Jane Tufts and Bruce Kaplan Media and Supplements Editor: Jaclyn Castaldo Ferry Executive Marketing Manager: Scott Guile Associate Managing Editor: Tracey Kuehn Project Editor: Anthony Calcara Art Director: Babs Reingold Senior Designer: Kevin Kall Photo Editor: Cecilia Varas Photo Researcher: Dena Betz Production Manager: Barbara Anne Seixas Composition: TSI Graphics Printing and Binding: RR Donnelley Cover Photo Credits: Globes:Fusion/Getty Images; Picking coffee:Courtesy TransFair USA © 2007; Trucks:David McNew/Getty Images; Protestors (Trade):© Hagerty Patrick/Corbis Sygma; Zimbabwean boy with money: Reuters/Howard Burditt/Newscom; Protestors (Euro vs. Pound): Stefan Rousseau/PA Archive/PA Photos Library of Congress Cataloging in Publication Data: 2010935910 ISBN-13: 978-1-4292-3118-3 ISBN-10: 1-4292-3118-1 © 2008, 2012 by Worth Publishers All rights reserved. Printed in the United States of America First printing 2011 Worth Publishers 41 Madison Avenue New York, NY 10010 www.worthpublishers.com www.wortheconomics.com second edition inter national economics ROBERT C. FEENSTRA ALAN M. TAYLOR University of California, Davis University of California, Davis WORTH PUBLISHERS About the Authors Robert C. Feenstra and Alan M. Taylor of Economic Research, where Feenstra directs the are Professors of Economics at the University of International Trade and Investment research pro- California, Davis. They each began their studies gram. They have both published graduate-level abroad: Feenstra received his B.A. in 1977 from the books in international economics: Offshoring in the University of British Columbia, Canada, and Taylor Global Economy andProduct Variety and the Gains from received his B.A. in 1987 from King’s College, Trade(MIT Press, 2010), by Robert C. Feenstra, and Cambridge, U.K. They trained as professional Global Capital Markets: Integration, Crisis and Growth economists in the United States, where Feenstra (Cambridge University Press, 2004), by Maurice earned his Ph.D. in economics from MIT in 1981 Obstfeld and Alan M. Taylor. Feenstra received the and Taylor earned his Ph.D. in economics from Bernhard Harms Prize from the Institute for World Harvard University in 1992. Feenstra has been Economics, Kiel, Germany, in 2006, and delivered teaching international trade at the undergraduate the Ohlin Lectures at the Stockholm School of and graduate levels at UC Davis since 1986, where Economics in 2008. Taylor was awarded a he holds the C. Bryan Cameron Distinguished Guggenheim Fellowship in 2004 and was a visiting Chair in International Economics. Taylor has been professor at the American University in Paris and teaching international macroeconomics, growth, London Business School in 2005–06. and economic history at UC Davis since 1999, Feenstra lives in Davis, California, with his wife, where he directs the Center for the Evolution of Gail, and has two grown children: Heather, who is a the Global Economy. genetics counselor, and Evan, who recently graduat- Both Feenstra and Taylor are active in research ed from Pitzer College. Taylor also lives in Davis, and policy discussions in international economics. with his wife, Claire, and has two young children, They are research associates of the National Bureau Olivia and Sebastian. v ■ To our parents Copyright 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
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