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The document provides links and resources about international economics and trade theory, including the textbook International Economics by Dominick Salvatore. It lists various websites from academic institutions and economic organizations that contain information on international trade, economic geography, data sets, and analysis. It also includes sample questions about key concepts in international trade theory, such as views of mercantilists and Adam Smith, Ricardo's law of comparative advantage, and gains from trade.

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2K views3 pages

Question and Answer

The document provides links and resources about international economics and trade theory, including the textbook International Economics by Dominick Salvatore. It lists various websites from academic institutions and economic organizations that contain information on international trade, economic geography, data sets, and analysis. It also includes sample questions about key concepts in international trade theory, such as views of mercantilists and Adam Smith, Ricardo's law of comparative advantage, and gains from trade.

Uploaded by

Toulouse18
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Question and Answer: International economics

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International Economics by Dominick Salvatore

Links about International Trade and Economic Geography

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o IMF International Monetary Fund Home Page

o World Bank Group


o UN Comtrade

o Organisation for Economic Co-operation and Development (OECD)

o Eurostat Home (for EU countries)

o Conference on Trade and Development (UNCTAD)

o The BEA offers a very nice database on territorial data:

[Link]
o The New York FED has also a number of documents and datasets at the spatial level,
that can be of interest :

[Link]
o For Spatial analysis using maps, you may want to visit the following pages:
 GEODA center: [Link]

o Haussmann and Hidalgo are generating very nice analysis on “product space” and
“product complexity”:

 [Link]

 [Link]

o The UNCTAD online book on Trade Analysis and Policy, is a great complement to our
course:

[Link]

International Economics, 12th Edition

1/ What is the meaning of globalization? What is its advantage and disadvantage ? Why is there
an anti-globalisation movement ?

2/ How is international trade related to the standard of living of the United States ? or other large
industrial nations ? of small industrial nations ? of developing nations ? For which of these
groups nations is international trade most crucial?

3/ What does international trade theory study ? international trade policy ?

4/ Which are the most important international economic challenges facing the world today ?
what are the benefits and criticisms of globalization ?
Trade Theory:
What were the mercantilists’ view on trade ? How does their concept of national wealth differ
from today’s view ?

Why is it important to study the mercantilists’views on trade ? How were their views different
from those of Adam Smith ? what is the relevance of all this today?

What was the basis for and the pattern of trade according to Adam Smith ? How were gains from
trade generated ? What did he think was the proper function of government in the economic life
of the nation ?

In what way was Ricardo’s law of comparative advantage superior to Smith’ theory of absolute
advantage ? How do gains from trade arise with comparative advantage ? How can a nation that
is less efficient than another nation in the production of all commodities export anything to the
second nation ?

What is meant by complete specialization? By incomplete specialization ? why do both nations


gain from trade in the first instance but only the small nation in the second ?

What are the results of empirical testing of Ricardian model?

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