個案資料

International Economics: Understanding the Forces of Globalization for Managers is a 6-chapter book published in 2013 by the Business Expert Press and written by Dr. Paul Torelli, chief economist at Quantitative Social Science. The author explains that, because of the impact of globalization, new technology, and international trade, business managers need more than ever to understand basic economic concepts to make well-rounded decisions. To that end, this book outlines the conceptual foundation of economic globalization. Starting with the important milestones in the history of global trade development, the author explores how global trade has developed, and how globalization has fostered growth, consumption, and higher standards of living. He explains the core models of economic theory relevant to managers and how these concepts provide a framework for interpreting the global economy. He also shares insight on using the book in management courses and suggests complementary readings including case studies. In Chapter 3, Theories of International Trade (29 pages), the author explains the fundamentals of global trade by looking at the evolution of key concepts. He reviews absolute and comparative advantage and how changes in the early twentieth century economy led to a greater emphasis on capital through the development of the factor proportions model. He explains the factor proportion model and related theorems that lend greater modern relevance and empirical support. He also discusses the impacts of trade policies and the inherent tradeoffs for globalization.

• Economic forecasting
• International business
• International trade
• Trade