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International Economics

International Economics

Vikas Publishing
  • 9788125916604
  • 672 pages
  • Paperback
  • 5.5 X 8.5 inches
  • Book 525.00


Rapid developments in international economic relations have exposed the inadequacy of the conventional theory of international trade in explaining the emerging contours of inter-economy interdependence and the decisive role played by a host of determining forces. Yet, conventional theory and its tools of analysis remain indispensable for understanding reality. They however need to be suitably interpreted and supplemented with what is actually going on around us.
International Economics aims at meeting various needs of its readers. It covers the syllabi on international economics of leading Indian universities, supplements it with a comprehensive coverage of ground realities and, in the process, enriches theoretical understanding of the subject.

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1. Introductory, 2. International Economics as a Separate Branch of Economics, 3. Some Analytical Tools, 4. Classical Theory of  International Trade, 5. Terms of Trade, 6. Modern Theory-I, 7. Modern Theory-II, 8. Growth  and  Trade, 9. Gains from Trade, 10. Rate of Exchange-I, 11. Rate of Exchange-II, 12. Balance of Payments: The Concept, 13. Foreign Trade Multiplier, 14. Balance of Payments: Adjustment  Mechanism, 15. Free Trade vs Protection, 16. Trade  Policy: Tariffs, 17. Quantitative  Restrictions: Quotas, 18. Dumping, State Trading and Export Subsidies, 19. Import Substitution vs Export-led Growth, 20. Foreign Aid vs Trade, 21. Foreign Direct Investment and Outsourcing, 22. Theory of Economic Integration: Globalisation, 23. Theory of Economic Integration: Regional Blocs, 24. Regional Groupings: Some Recent Developments, 25. General  Agreements on Tariffs and  Trade, 26. General Agreement on Trade in Services (GATS), 27. India's  Merchandise  Foreign Trade, 28. India's Balance of Payments, 29. GATT/WTO and India, 30. India's Trade Policy • Subject Index • Name Index