- Explains the theories and practices relevant to agricultural trade.
- Uses real-life agricultural examples to convey theories and models.
- Offers an international perspective on an increasingly globalized market.
- Features extensive pedagogical material, including chapter overviews and summaries, key concepts, review questions, and suggested readings.
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.