Description
Book SynopsisFully updated in its third edition, this undergraduate textbook combines the dual perspectives of international economics and international business in an accessible manner, exploring key principles of the world economy and the theory and practice of globalization through a uniquely integrated lens.
Trade Review'International trade and international business are usually studied in separate worlds - one of nations, another of firms - in teaching and even in research. This textbook integrates the two, bringing a unified vision to benefit students in future careers, whether in business, government, international institutions, or academic research. The new edition is a welcome update for the fast-changing world.' Avinash K. Dixit, Princeton University
'In an era when international trade and international business often remain segregated in both teaching and research, this book is refreshing and insightful. This third edition takes a major step forward, with new chapters on the nature of trade and foreign direct investment, global value chains, and the profound influence of crises on international enterprises. This expansion enriches the book, making it an indispensable resource for both students and instructors seeking a single, well-rounded textbook that adeptly combines international economics, encompassing trade and finance, with the complexities of international business, including multinational enterprises and cross-border investments.' Gaaitzen de Vries, University of Groningen
'This is not just another introduction to international economics or international business. This book uniquely integrates these two fields of enquiry and is an extremely valuable resource for students in economics and business studies. This third edition makes a big step forward by offering a range of new insights and examples, focusing on the role of the international firm as a central actor in international trade, foreign direct investments, and global value chains, and paying more attention to the current backlash against globalisation.' Davide Castellani, University of Reading
Review of the first edition: 'This is a fascinating book with a practical approach to international economics that enhances our understanding of the globalisation process.' Hans-Werner Sinn, President, Ifo Institute for Economic Research, Munich
Table of ContentsPart I. Introduction: 1. The Global Economy; 2. Nations and Firms; Part II. International Competition: 3. Trade, Comparative Advantage, and Technology; 4. Trade and Firm Competition; 5 Firms and the Structure of Trade; 6. The Liability of Distance and Foreignness; Part III. International Organization; 7. Global Value Chains; 8. Managing Across Borders; 9. Risks, Crises, and International Firms.
