International Economics

International Economics

Authors : Dr H L Bhatia

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About the Author

Dr H L Bhatia :-
Former Reader in economics, Shri Ram College of Commerce, University of Delhi, has authored several papers, research studies and other books, and given evidence and memoranda to various Committees and Commissions. 
His other publications are History of Economic Thought, International Economics, and Lok Vitt.

About the Book

Rapid developments in international economic relations have exposed the inadequacy of the conventional theory of international trade in explaining the emerging contours of inter-economy interdependence and the decisive role played by a host of determining forces. Yet, conventional theory and its tools of analysis remain indispensable for understanding reality. They however need to be suitably interpreted and supplemented with what is actually going on around us.
International Economics aims at meeting various needs of its readers. It covers the syllabi on international economics of leading Indian universities, supplements it with a comprehensive coverage of ground realities and, in the process, enriches theoretical understanding of the subject.


1. Introductory, 2. International Economics as a Separate Branch of Economics, 3. Some Analytical Tools, 4. Classical Theory of  International Trade, 5. Terms of Trade, 6. Modern Theory-I, 7. Modern Theory-II, 8. Growth  and  Trade, 9. Gains from Trade, 10. Rate of Exchange-I, 11. Rate of Exchange-II, 12. Balance of Payments: The Concept, 13. Foreign Trade Multiplier, 14. Balance of Payments: Adjustment  Mechanism, 15. Free Trade vs Protection, 16. Trade  Policy: Tariffs, 17. Quantitative  Restrictions: Quotas, 18. Dumping, State Trading and Export Subsidies, 19. Import Substitution vs Export-led Growth, 20. Foreign Aid vs Trade, 21. Foreign Direct Investment and Outsourcing, 22. Theory of Economic Integration: Globalisation, 23. Theory of Economic Integration: Regional Blocs, 24. Regional Groupings: Some Recent Developments, 25. General  Agreements on Tariffs and  Trade, 26. General Agreement on Trade in Services (GATS), 27. India's  Merchandise  Foreign Trade, 28. India's Balance of Payments, 29. GATT/WTO and India, 30. India's Trade Policy • Subject Index • Name Index

Key Features

• Fully covers the prescribed syllabi of Indian universities including technical segments and tools of analysis.
• Real life examples in the form of a large number of case studies and appendices where needed.
• For enhancing comprehension of the subject matter, each chapter starts with an introductory text box and contains appropriately placed additional text boxes.
• Each chapter is followed by a glossary, readings and references, and questions for review and exercises.
• Contains latest available information and data.
• The formatting of the subject matter is appealing and inviting, making it easier to comprehend what is being conveyed.