Recommending Books for Purchase (Bulletin 4 - November 2017) - Oxford University Press: International Economics

Over the last three decades, there has been a greater interdependence between economies than ever before due to fragmentation and outsourcing of production processes, increasing mobility of people, international capital flows, and flexible exchange rate regimes. International Economicsinitiates students to these changes in the global economic scenario by combining current research and new perspectives with conventional theoretical wisdom.Complementing trade theories with relevant trade empirics, the book analyses a wide range of policy issues in the present wave of globalization relating to: DT product standards and regulationsDT impact of environment on tradeDT labour and quality standardsDT bilateralism, regionalism, and multilateralism, with a focus on debates at the WTODT the growing expansion of service exportsDT the linkages between trade and inclusive growthUnlike most textbooks on the subject that begin with model-specific discussions, this book takes a distinctively different approach. It first introduces the basic principles underlying international exchange, trade, and exchange rate policies, and then goes on to offer alternative theoreticalexplanations for these principles by using specific models of trade. Accessible and up-to-date, the book offers handy study aids in the form of clearly defined summary concepts, keywords, case studies, problem-solving exercises, and suggested reading for students and teachers of internationaleconomics.

Price : Rs.650

For analysts China presents a conundrum. It is clear that China has made rapid progress, and the landscape of the world is changing due to China's unique position. Yet for decades, many have questioned this phenomenon, showing concern about cooked data, asset bubbles about to burst, and so on.Yet the Chinese economy has kept growing at a blistering pace, 9-10 per cent annually, and more at times, over a span of almost three decades. Analysing the last 30 years of reforms, this book helps us understand the Chinese growth success, the factors that made this possible, and the lessons that can be distilled from this experience for other developing countries. Arguing that traditional explanations are inadequate, the author appliesthe "development as transformation" thesis to provide answers to a wide range of questions: Why has China grown so rapidly over such a long time, and what are the country's prospects in the future? Will it keep growing? Will it in the next few decades actually overtake the US as the largest economyin the world, as some observers have been forecasting, or will it implode as the many contradictions in the economy and society grind it to a halt? This is a unique book in that it is based on years of close interaction with the Chinese leadership, institutions, and society, as well as internationalorganizations in the development community, when the author was posted in China.

Price : Rs.595