International Trade and Agriculture

In an increasingly globalized world, an understanding of the role of international trade is central to the study of agricultural economics and agribusiness. This text interweaves these two elements, explaining the theories and practices relevant to agricultural trade. Using real-life examples to explain theories and models, the text prepares readers to critically examine agricultural trade issues. In addition to its comprehensive coverage, each chapter features chapter overviews and summaries, key concepts, questions for review, and suggested readings. Explains the theories and practices relevant to agricultural trade. Uses real-life agricultural examples to convey theories and models. Offers an international perspective on an increasingly globalized market. Features extensive pedagogical material, including chapter overviews and summaries, key concepts, review questions, and suggested readings.

Preface and Acknowledgments. 1 Introduction. Part I: Pure Theory of International Trade. 2 Classical Theory of Comparative Advantage. 3 Comparative Advantage with Two Factors of Production. 4 Comparative Advantage and Factor Endowments: The Heckscher–Ohlin Theorem. 5 Imperfect Competition and Economies of Scale in Trade. Part II: Protection of Domestic Industry and International Treaties. 6 The Partial Equilibrium Analysis of International Trade. 7 Trade Restrictions: Tariffs. 8 Nontariff Trade Barriers. 9 Domestic Support Policies and Trade. 10 Multilateral Trade Negotiations and US Trade Policy. 11 Economic Integration. Part III: Foreign Exchange Markets. 12 Foreign Exchange Markets and the Exchange Rate. 13 Agricultural Trade and the Exchange Rate. Part IV: Direct Foreign Investment, Economic Growth, and the Environment. 14 International Capital Movements and Multinational Corporations. 15 Agricultural Trade and Economic Development. 16 Trade and the Environment. References. Index