International Economics

"This book gives a comprehensive presentation of economic theories of international trade and investment. Classical theories that can be dated back to the beginning of modern economic science were influenced by ideas of perfect competition. More recent theories emphasize the importance of market imperfections, product differentiation, economies of scale, business specialization, technology differentiation and technological progress. These theories also include the impact of economic growth and capital movements. It is shown how simultaneous states of free trade and capital movements may lead to greater economic inequalities, contrary to what was expected. This book discusses complicated economic issues without using a sophisticated language of presentation. Thus it can be read with great advantage by students and professionals with an interest in international economics."Soren Kjeldsen-Kragh is the author of 'International Economics', published 2002 under ISBN 9788763000376 and ISBN 8763000377.