Question and Answer: International economics

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International Economics by Dominick Salvatore

Links about International Trade and Economic Geography

o Http://www.c-intereg.es

o http://www.cepii.fr/welcome_en.asp

o http://econ.sciences-po.fr/thierry-mayer

o http://faculty.haas.berkeley.edu/arose/RecRes.htm

o http://www.econ.ucdavis.edu/faculty/fzfeens/textbook.html

o http://www.nber.org/

o IMF International Monetary Fund Home Page

o World Bank Group

 o UN Comtrade

o Organisation for Economic Co-operation and Development (OECD)

o Eurostat Home (for EU countries)

o Conference on Trade and Development (UNCTAD)

o The BEA offers a very nice database on territorial data:

http://www.bea.gov/iTable/iTable.cfm?ReqID=99&step=1
o The New York FED has also a number of documents and datasets at the spatial level,
that can be of interest :

http://www.newyorkfed.org/research/index.html
o For Spatial analysis using maps, you may want to visit the following pages:
 GEODA center: https://geodacenter.asu.edu/.

o Haussmann and Hidalgo are generating very nice analysis on “product space” and
“product complexity”:

 http://www.hks.harvard.edu/centers/cid/publications/featured-books/atlas

 http://www.chidalgo.com/papers.html

o The UNCTAD online book on Trade Analysis and Policy, is a great complement to our
course:

http://vi.unctad.org/tpa/index.html

International Economics, 12th Edition

1/ What is the meaning of globalization? What is its advantage and disadvantage ? Why is there
an anti-globalisation movement ?

2/ How is international trade related to the standard of living of the United States ? or other large
industrial nations ? of small industrial nations ? of developing nations ? For which of these
groups nations is international trade most crucial?

3/ What does international trade theory study ? international trade policy ?

4/ Which are the most important international economic challenges facing the world today ?
what are the benefits and criticisms of globalization ?
Trade Theory:
What were the mercantilists’ view on trade ? How does their concept of national wealth differ
from today’s view ?

Why is it important to study the mercantilists’views on trade ? How were their views different
from those of Adam Smith ? what is the relevance of all this today?

What was the basis for and the pattern of trade according to Adam Smith ? How were gains from
trade generated ? What did he think was the proper function of government in the economic life
of the nation ?

In what way was Ricardo’s law of comparative advantage superior to Smith’ theory of absolute
advantage ? How do gains from trade arise with comparative advantage ? How can a nation that
is less efficient than another nation in the production of all commodities export anything to the
second nation ?

What is meant by complete specialization? By incomplete specialization ? why do both nations

gain from trade in the first instance but only the small nation in the second ?

What are the results of empirical testing of Ricardian model?