International Economics

The gold standard introduction to international economics, revised and updated In the newly revised 14th edition of International Economics, distinguished economists and professors Dominick Salvatore and Ralf Hepp deliver an authoritative and up-to-date examination of the economic theories and principles driving the contemporary global economy. This text covers the latest economic developments around the world, including elevated public debt levels following the COVID-19 pandemic, rising trade protectionism and the U.S.-China trade war, exchange rate volatility, structural economic imbalances, persistent global poverty, and the increasingly urgent issues of resource scarcity and environmental sustainability. International Economics explores foundational and cutting-edge concepts in international trade and finance with exceptional clarity. It incorporates significant new material on globalization’s evolving impact, technological advances reshaping trade patterns, the establishment of global value chains, the regionalization of trade flows, climate change policies affecting international commerce, and updated research on exchange rate determination and pass-through effects. It also contains 126 case studies, complete with detailed graphs and figures and real-world examples. Perfect for undergraduate and graduate students of economics, international trade, international finance, and international business courses, International Economics offers a thorough grounding in classical and contemporary theory, as well as practical insights into the policy debates shaping the global economy.