Book Description
 
"International Trade: Theory and Policy, Global Edition" (11th Edition) offers a comprehensive exploration of international trade theories and their practical policy applications. This globally acclaimed textbook, authored by Nobel Prize-winning economist Paul Krugman, alongside Maurice Obstfeld and Marc Melitz, balances theoretical insights with real-world relevance.
 
The book introduces foundational trade theories like Ricardian, Heckscher-Ohlin, and new trade theories, followed by in-depth discussions on trade policies, global markets, and economic impacts. With a clear and intuitive style, the 11th edition incorporates updated case studies and current data to provide students with a modern understanding of trade dynamics. Perfect for economics and international business students, this edition sets the benchmark for studying global trade.
 
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About the Authors
 
Paul Krugman: A recipient of the 2008 Nobel Prize in Economic Sciences, Paul is renowned for his groundbreaking work in international trade, economic geography, and currency crises. He has served as a professor at Yale, MIT, Stanford, and Princeton and is currently part of the Graduate Center at CUNY. An active columnist for The New York Times, Krugman bridges complex economic concepts with everyday understanding.
 
Maurice Obstfeld: The Class of 1958 Professor of Economics at UC Berkeley, Maurice has held roles as Chief Economist at the International Monetary Fund and a member of President Obama’s Council of Economic Advisers. He has authored numerous influential publications in macroeconomics and international finance.
 
Marc Melitz: A leading expert on international economics, Marc is a professor at Harvard University. His research, particularly on the effects of globalization on trade and firm performance, has shaped modern economic thought.