International Trade

International Trade, authored by Alan M. Taylor and Robert C. Feenstra, offers a modern perspective on global commerce by blending rigorous theoretical analysis with empirical insights. Developed from classroom practice and research, this textbook speaks to today’s challenges in international economics, addressing both traditional frameworks and shifts observed in emerging markets and developing economies. In this third edition from Macmillan Learning (2014), readers will explore a diverse range of topics that illustrate the complexity of global trade. The book highlights areas such as offshoring of goods and services (Chapter 6), tariffs and quotas under imperfect competition (Chapter 9), and international agreements on trade, labor, and the environment (Chapter 11). It also provides a solid grounding in core theories, including the Ricardian model (Chapter 2), the specific‐factors model (Chapter 3), and the Heckscher-Ohlin model (Chapter 4). Additionally, the discussion extends to trade with increasing returns to scale and imperfect competition (Chapter 6), import tariffs and quotas under perfect competition (Chapter 8), and export subsidies (Chapter 10). Spanning 548 pages in paperback format, International Trade is designed to equip students and professionals alike with an integrated understanding of the forces shaping global economic interaction.