International Trade: Theory and Policy, Global Edition, 12th edition

Published by Pearson (June 12, 2023) © 2023

  • Paul R. Krugman The Graduate Center, City University of New York , Princeton University , University of California, Berkeley
  • Maurice Obstfeld University of California, Berkeley
  • Marc Melitz Harvard University
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For courses in International Trade

International Trade: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to trade theory is followed by detailed coverage of policy applications. With this new edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Economics courses.

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  • PART 1: International Trade Theory
  • 2. World Trade: An Overview
  • 3. Labor Productivity and Comparative Advantage: The Ricardian Model
  • 4. Specific Factors and Income Distribution
  • 5. Resources and Trade: The Heckscher-Ohlin Model
  • 6. The Standard Trade Model
  • 7. External Economies of Scale and the International Location of Production
  • 8. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
  • PART 2: International Trade Policy
  • 9. The Instruments of Trade Policy
  • 10. The Political Economy of Trade Policy
  • 11. Trade Policy in Developing Countries
  • 12. Controversies in Trade Policy
  • Mathematical Postscripts
  • Postscript to Chapter 5: The Factor-Proportions Model
  • Postscript to Chapter 6: The Trading World Economy
  • Postscript to Chapter 8: The Monopolistic Competition Model

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