International Economics (4th Edition) (Economic Science Translation Series)

Author: Paul Krugman (United States/)
Publisher:
Publish Date: 2002-03-17
Features: The book International Economics, co-authored by two of today's most renowned and influential economists, brings the exciting content of international economics into your classroom. In addition to authoritative analysis and insightful commentary on current world events and policy debates, the new edition features the following:
◎ The 20th chapter has been fully revised, focusing on the establishment of the European Economic and Monetary Union (EMU), the mechanisms of monetary policy within EMU, and increasingly important policy issues.
◎ A new 22nd chapter discusses long-term growth and convergence in developing countries, reforms and liberalization, macroeconomic stability, exchange rate regimes, and the redesign of the international financial system.
◎ The content has been comprehensively updated to maintain close ties with real-world developments.
◎ It includes extensive and detailed case studies, special columns, and chapter appendices.
◎ It provides a wealth of new international case studies beyond the United States.
About the Author: Paul Krugman, born in 1953, is a professor of economics at the Massachusetts Institute of Technology (MIT) and a world-renowned economist. After receiving his Ph.D. from MIT in 1977, he taught at Yale University, Stanford University, and MIT. Between 1982 and 1983, he served on the Council of Economic Advisers at the White House, an experience that greatly influenced his later research. In 1991, he was awarded the Clark Medal, an annual prize given by the American Economic Association to outstanding economists under 40. Krugman was named by Fortune magazine as the most eloquent economist since Keynes. He has edited over 16 books and written hundreds of papers, with his professional works primarily focusing on international trade and international finance. In the field of international trade, he coined the term "New Trade Theory," revealing the concepts of diminishing returns and imperfect competition in international trade and their consequences. Since the 1990s, Krugman has increasingly attempted to communicate with non-economists through abstract descriptions and popular articles. These articles primarily appeared in Fortune's "There's No Free Lunch" column and The Review's "Boring Science" column.