Pub. price: $89.99
International Trade and Global Macropolicy
ISBN: 1461416345 Contributors: Murphy, Peter T.
Publisher: Springer Verlag Published: May 31 2013 Pages: 250 Language: English
In the conventional MBA and Executive MBA curricula of highly-ranked programs, it is increasingly evident that two areas of discussion are conspicuously absent. One area pertains to international trade. In the wake of the Subprime crisis, most economies, certainly including the United States, have become increasingly protectionist. In addition, many governments, intent on ensuring ongoing indigenous innovation, are exploring several forms of “strategic trade” by subsidizing designated “champion” industries with giant doses of tax revenues. The other area conspicuously absent is global macroeconomic policy. In the current global economy, any strategic executive decisions made in the absence of exchange rate considerations or global capital flows would be seriously inadequate and downright simplistic.This book addresses both of these topics and is divided into two parts. The first half contains topics from international trade, including the Ricardian trade theorem, the effect of trade on wages and employment, intra-industry vs. inter-industry trade, trade barriers such as tariffs and quotas, strategic trade, intellectual property, outsourcing and off-shoring, and innovation and trade policies. The second half would address vital issues in global macropolicy such as budget deficits, capital inflows, exchange rates, speculative asset price bubbles, global contagion, global reserve currency, challenges in the Eurozone, and the gold standard. Both international trade and global macropolicy would be each a semester’s worth of coverage in a PhD-level economics program. However, at the MBA level, the prime focus is on the applications and policy implications of these topics, making this book the perfect text for MBA and executive MBA students enrolled in courses such as International Trade and Global Macroeconomic Policy, as well as to practitioners who need a solid working knowledge of these topics.