International Trade and Agriculture examines the relationship between agriculture and the world of international trade; among the topics covered are trade theories and policies affecting trade flows, macroeconomics issues such as exchange rates and the balance of trade, foreign direct investment, and the impact of international trade on economic development and the environment. Each chapter features overviews and summaries, key concepts, questions and tasks for review, and suggested readings. With its international focus, agricultural perspective, and engaging pedagogy, this text offers an innovative and accessible approach to the study of agricultural trade.
Part I: Pure Theory of International Trade.
2 Classical Theory of Comparative Advantage.
3 Comparative Advantage with Two Factors of Production.
4 Comparative Advantage and Factor Endowments: The Heckscher Ohlin Theorem.
5 Imperfect Competition and Economies of Scale in Trade.
Part II: Protection of Domestic Industry and International Treaties.
6 The Partial Equilibrium Analysis of International Trade.
7 Trade Restrictions: Tariffs.
8 Nontariff Trade Barriers.
9 Domestic Support Policies and Trade.
10 Multilateral Trade Negotiations and US Trade Policy.
11 Economic Integration.
Part III: Foreign Exchange Markets.
12 Foreign Exchange Markets and the Exchange Rate.
13 Agricultural Trade and the Exchange Rate.
Part IV: Direct Foreign Investment, Economic Growth, and the Environment.
14 International Capital Movements and Multinational Corporations.
15 Agricultural Trade and Economic Development.
16 Trade and the Environment.