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In this book, the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies.

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In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.

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Introduction.- Foundations of Trade Theory: The Classical Theory of Comparative Costs.- The Neoclassical Theory of International Trade.- The Heckscher-Ohlin Model.- The Four Core Theorems.- Some Refinements.- New Explanations for International Trade: The Precursors.- The Models.- Trade Policy: Tariff and Non-Tariff Barriers.- Free Trade vs Protection, and Preferential Trade Cooperation.- The "New" Protectionism.- Growth and Trade: International Trade and Growth - Comparative Statics.- International Trade and Growth - Dynamics.- Endogeneous Growth and Trade, Old and New.- Globalization: Globalization and Economic Geography.- Trade Integration and Wage Inequality.- Appendices.

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Giancarlo Gandolfo has been Professor of International Economics at the University of Rome la Sapienza from 1974 to 2010, when he retired. Previously he taught Economics and Mathematical Economics at the Universities of Rome (1965-70) and Siena (1968-74). He has been visiting professor in various foreign universities. He is a member of the Accademia Nazionale dei Lincei, Rome, a research Fellow of CESifo, Munich, and holds a doctorate honoris causa from the University of Frankfurt. He is the author of over 180 publications and sits on the editorial board of several international journals. For details see his website http://gandolfo.org

Federico Trionfetti got the Laurea in Economics at La Sapienza University, Rome, and the Ph.D. at the Graduate Institute of International Studies, Geneva. He has held academic positions in the U.S. and the U.K., he spent a year as visiting scholar at Harvard University and two years as Marie Curie post-doctoral research fellow at the London School of Economics. Since 2002 he is Professor of economics in France, first at University of Paris 13 then at Aix-Marseille University.

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