The book by renowned economists P. R. Krugman and M. Obstfeld, professors at Princeton University and the University of California, Berkeley, is the most widely used textbook in the course of international economic relations and international trade.
For this revised edition of the book, the authors have undertaken an extensive restructuring of many chapters in accordance with theoretical developments in the field, as well as with the latest practical applications. Beyond these structural changes, the book has been updated to reflect current events.
Among other topics, it discusses: the international transfer of factors, the consequences of the failure of the Doha negotiations, the role of external economies in interregional trade, Asian markets for non-deliverable foreign exchange forwards, and the global financial crisis that erupted in August 2007 due to subprime mortgage loans in the U.S.
It includes case studies, diagrams, summaries, review problems that facilitate learning and maintain students' interest, helping them to internalize the content of university lectures.
Visit the book's website, where a wide range of supplementary materials is available to support study and teaching.
