International Economics: Theories, Policies & Practices

Dr. Arjun Y. Pangannavara’s “International Economics: Theories, Policies, & Practices” is a reference book for undergraduate, post-graduation, and research programs of all universities and colleges. The book has eleven chapters. The first chapter covers the meaning, definitions, subject matter, and scope of international trade and economics, and the second and third chapters cover the traditional and modern theories and models of international trade. The fourth and fifth chapters highlight various aspects of Terms of Trade and Gains from Trade. The sixth chapter covers the evolution of foreign trade policy from the mercantilism stage to the globalization stage. The eighth chapter Eight focuses on customs unions, free trade agreements, monetary unions, and currency areas. The ninth chapter covers foreign exchange, types of foreign exchange rates, and their determinant theories including demand and supply theory. The tenth chapter covers foreign exchange markets and international financial institutions. It focuses on leading the establishment and functions of international financial institutions like the World Bank, IMF, and others. The last and eleventh chapter covers India’s foreign trade, foreign trade policy, and balance of payments position in the light of ‘New Economic Reforms’. Overall, it is good for teachers, students, and candidates for competitive exams.