Product Description
Advanced International Trade is the first major graduate textbook in international trade in a generation. Trade is a cornerstone concept in economics, taught in all departments both in the United States and abroad. The past twenty years have seen a number of new theoretical approaches that are essential to any graduate international trade course, and will be of interest in development economics and other fields. Here, Robert Feenstra steps beyond theory to consider empirical evidence as well. He covers all the basic material including the Ricardian and Hecksher-Ohlin models, extension to many goods and factors, and the role of tariffs, quotas, and other trade policies; recent material including imperfect competition, outsourcing, political economy, multinationals, and endogenous growth; and new material including the gravity equation and the organization of the firm in international trade.
Throughout the book, special emphasis is placed on integrating the theoretical models with empirical evidence, and this is supplemented by theoretical and empirical exercises that appear with each chapter. Advanced International Trade is intended to bring readers to the forefront of knowledge in international trade and prepare them to undertake their own research. Both graduate students and faculty will find a wealth of topics that have previously only been covered in journal articles, and are dealt with here in a common and simple notation. In addition to known results, the book includes some particularly important unpublished results by various authors. Two appendices describe empirical methods applicable to research problems in international trade, methods that draw on (i) index numbers and (ii) discrete choice models. Thoroughly up-to-date and marked by clear, straightforward prose, this book will be used widely--and enthusiastically.
Professors: A supplementary Solutions Manual is available for this book. It is restricted to teachers using the text in courses. For information on how to obtain a copy, refer to: http://pup.princeton.edu/class.html
Average Customer Review:
0 of 0 people found the following review helpful:
A milestone, 2008-04-12
Up to date and very clear presentation of the mainstream theory of international trade.
Its main strength is in the union of theoretical and empirical issues, all treated really carefully.
1 of 16 people found the following review helpful:
Excellent Condition & On time, 2005-09-24
It is on time and the book is in good condition.
26 of 26 people found the following review helpful:
The current standard, 2004-06-02
In my opinion this is the best book currently available for a graduate course in real-trade theory. I have already used it twice in class and my students have invariably preferred it to other recent works available, e.g., K.Y. Wong or Bhagwati et al. Compared to these, this book is better written and focuses judiciously on the models that yield the sharpest conclusions and most relevant insights. Discussions of the significance of gravity models, foreign investments, political economy, free trade areas, and institutional factors in trade (e.g., ethnic networks) are particularly clear and up to date compared with other texts.The required mathematical apparatus (e.g., envelope and duality results) is introduced naturally, intuitively, and only as and when it is needed. The English flows easily, and the interweaving of theoretical and empirical material is especially novel and welcome.
This book should set the standard for writing graduate texts.
5 of 19 people found the following review helpful:
Advanced International Trade: Theory and Evidence, 2004-05-04
I really expected far more from this textbook. It adds very little to already existing graduate textbooks on trade. It is not useful for graduate students that want to understand the literature of the 2000s. It assumes you already know the material. It debotes a lot of space to the old literature at the expense of the new one. This is a field that has changed significantly. Frankly, I find hard to see its value added.