International Trade: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to international trade theory is followed by detailed coverage of policy applications. With this new tenth edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Trade courses. ? The text presents a balance of theoretical and practical coverage of international trade. ? Chapters on core theory are followed by a series of application chapters that confront policy questions using the newest empirical work, data, and policy debates. ? An integrated, empirical-based treatment of the latest models of trade, such as the gravity, Ricardian, factor endowments, and imperfect competition models,? A thorough discussion of the causes and effects of trade policy focused on the income-distribution effects of trade. ? An emphasis on the potential substitutability of international trade and international movements of factors of production. ? Chapter-opening Learning Goals list the essential concepts so students understand what they need to take away from each chapter. ? Case Studies illustrate theory using real-world applications and provide important historical context. ? Special Boxes offer vivid illustrations of points made in the text.? End-of-chapter Problems, many of which cite real data or policies, allow students to practice what they?re learning. ? Further Reading sections at the end of each chapter provide annotated bibliographies of both seminal works and recent articles, encouraging students to explore the material further.Table of Contents1. Introduction2. World Trade: An Overview3. Labour Productivity and Comparative Advantage: The Ricardian Model4. Specific Factors and Income Distribution5. Resources and Trade: The Heckscher-Ohlin Model6. The Standard Trade Model7. External Economies of Scale and the International Location of Production8. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises9. The Instruments of Trade Policy10. The Political Economy of Trade Policy11. Trade Policy in Developing Countries12. Controversies in Trade Policy.