The Political Economy of International Trade is a book written by Ronald Findlay and Kevin O'Rourke, both prominent economists known for their research in the field of international trade and economic history. The book, first published in 2007, provides a comprehensive and detailed analysis of the political economy of international trade, including its historical evolution and its current challenges.
The book begins by introducing the basic concepts of international trade, such as comparative advantage, trade policy, and globalization. It then goes on to cover a range of topics in the political economy of international trade, including the historical evolution of trade, the role of institutions in shaping trade patterns, and the current challenges facing the global trading system.
One of the key contributions of the book is Findlay and O'Rourke's historical analysis of the evolution of international trade. They provide a detailed examination of the factors that have shaped trade patterns over time, including technological change, economic growth, and political developments. They also examine the ways in which trade has affected economic development and welfare.
The book also examines the implications of international trade for economic policy and analysis, particularly for developing countries. Findlay and O'Rourke provide a balanced and objective analysis of the benefits and costs of different trade policy options, and they encourage the reader to consider the trade-offs involved in policy decisions.
The Political Economy of International Trade is considered a comprehensive and influential analysis of the political economy of international trade. It is widely used as a textbook in university courses and it is considered a valuable resource for students, scholars, and anyone interested in understanding the political economy of international trade and its historical evolution.
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