国际经济学英文版chapter

1、Lectures on International Economics熊启泉华南农业大学经济管理学院Self-introductionInstructor: Prof. Xiong Qiquan(熊启泉)Academic Interests: International Economics, Development Economics and Agricultural EconomicsOffice: Room 723, Building of Economics & ManagementOffice Hours:9:00am-11:00am, 3:00pm-5:00pmContact me:

2、 85283908(O) (Cell) TEXT多米尼克萨尔瓦多(Dominick Salvatore)，国际经济学，第10版，清华大学出版社,2011.TEXTDominick Salvatore,2011 International Economics: Trade and Finance, 10th Edition, International Student VersionReferences1. 海闻、施建淮著：国际经济学，高等教育出版社，2011年。References2. 罗伯特 C 芬斯特拉(Robert C. Feenstra)、艾伦M泰勒（Alan M.Taylor）：国际

3、贸易，中国人民大学出版社。References3. 罗伯特 C 芬斯特拉(Robert C. Feenstra)、艾伦M泰勒（Alan M.Taylor）：国际宏观经济学，中国人民大学出版社。References4. Robert Christopher Feenstra ,Alan M. Taylor ,2008, International Economics , Worth Publishers Inc.,U.S. References5. Paul R.Krugman,Maurice Obstfeld, Marc Melitz，2011， International Economics

4、 (9th Edition, Prentice HallIntroduction导言CHAPTER O N E1In this chapter:The Globalization of the World EconomyInternational Trade and the Nations Standard of livingThe International Flow of Goods, Services, Labor and CapitalInternational Economic Theories and PoliciesCurrent International Economic P

5、roblemsOrganization and Methodology of the TextThe Globalization of the World EconomyA globalizing world provides opportunities and challenges to nations and people in the world.Flow of goods and servicesFlow of labor and jobsFlow of financial instruments（金融工具）, currencyThe Globalization of the Worl

6、d EconomyThree periods of rapid globalization1870-1914Resulted from industrial revolution, opening up of new resource sources in “regions of recent settlement”Millions of immigrants, vast amounts of foreign investments, increased productionEnded with breakout of World War I in 1914.The Globalization

7、 of the World EconomyThree periods of rapid globalization1945-1980Dismantling of heavy trade protection led to rapid increase in international trade.The Globalization of the World EconomyThree periods of rapid globalization1980 to presentMost pervasive and dramatic period of globalizationFueled by i

8、mprovements in munications and transportationElimination of restrictions on capital flows led to massive international capital movementsMost countries in the world participatedAnti-Globalization MovementClaims globalization sacrifices human and environmental well-being to corporate profits of mutina

9、tionalsGlobalization is blamed for:World poverty and child labor in poor countriesJob losses and lower wages in rich countriesEnvironmental pollution and climate changeThe Globalization of the World EconomyInternational Trade and the Nations Standard of LivingInterdependenceEconomic relationship amo

10、ng nationsRoughly measured as ratio of a nations imports and exports of goods and services to GDP（外贸依存度）Quite different across countries, Much larger for smaller industrial and developing countries than for United StatesLarge for China as a result of heavy dependence on processing tradeFIGURE 1-1 Im

11、ports and Exports as a Percentage of GDP in Various Countries in 2008.International Trade and the Nations Standard of LivingSources of potential gain for United States:Access to items with limited availability domestically (such as coffee, bananas, cognac, tin, tungsten, petroleum and copper)Access

12、to lower cost productsAccess to greater product varietyEconomic interdependence has been increasing over the years.FIGURE 1-2 Growth of World Production and Trade, 2000-2007 (annual percentage changes).FIGURE 1-3 Imports and Exports as a Percentage of U.S. GDP, 1965-2008.The International Flow of Go

13、ods, Services, Labor and CapitalGravity Model(引力模型)Other things equal, the bilateral trade between two countries is proportional, or at least positively related, to the product of the two countries GDPs, and the greater the distance between the two countries, the smaller is their bilateral trade.Tha

14、t is, the larger (and more equal in size) and the closer two countries are, the larger the volume of trade between them is expected to be.International Trade TheoryAnalyzes the basis of and the gains from international trade.International Economic Theories and PoliciesInternational Trade TheoryInter

15、national Trade PolicyExamines the reasons for and the effects of restrictions on international trade.International Economic Theories and PoliciesInternational Trade TheoryInternational Trade PolicyBalance of PaymentsMeasures a nations total receipts from and total payments to rest of the world.Inter

16、national Economic Theories and PoliciesInternational Trade TheoryInternational Trade PolicyBalance of PaymentsForeign Exchange MarketsThe institutional framework for the exchange of one national currency into another.International Economic Theories and PoliciesInternational Trade TheoryInternational

17、 Trade PolicyBalance of PaymentsForeign Exchange MarketsAdjustments in the Balance of PaymentsFocuses on the relationship between internal and external aspects of the economy of a nation, and their interdependence with rest of the world economy under different international monetary systems.Internat

18、ional Economic Theories and Policies28Deep financial and economic crisisTrade protectionism in advanced countriesExcessive fluctuations and misalignments in exchange rates and financial crisesStructural imbalances in US, slow growth in Europe and Japan, and insufficient restructuring in transition economiesDeep poverty in