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Quiet Pioneering - Robert M. Stern and His International Economic Legacy (Hardcover)
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Quiet Pioneering - Robert M. Stern and His International Economic Legacy (Hardcover)
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New scholarly research in important aspects of international
economics is brought together in this volume. The unifying theme is
that each chapter is devoted to a fresh analysis of a problem in
international economics that had earlier received cogent and
prescient attention by Professor Robert Stern of the University of
Michigan, one of the major figures in international economic
research in the second half of the twentieth century. Each chapter
examines a significant issue in international trade or finance,
including determinants of comparative advantage, the effects of
trade restrictions and the importance of trade liberalization,
aspects of international trade institutions, and monetary policy in
integrated markets.
Three broad areas of international economic analysis are explored.
The first part of the volume is devoted to new and sophisticated
empirical analyses of important policy questions, such as technical
change in trade models, how nontariff barriers are established, and
how patent protection affects trade flows. The second part analyzes
key areas involving international trade negotiations, including the
usefulness of binding tariff commitments, regionalism versus
bilateralism in trade liberalization, and strategic competition
among international firms in setting negotiating agendas. The final
part considers important questions in labor costs, asset pricing,
and monetary union in international markets.
Professional international economists will find much worth reading
in the volume. It also is relevant to those who study international
relations and international organizations; political scientists;
and government policy analysts.
Keith E. Maskus is Professor ofEconomics, University of Colorado,
Boulder. Peter M. Hooper is Assistant Director, Division of
International Finance, Board of Governors of the Federal Reserve
System. Edward E. Leamer is Professor of Economics and Management,
University of California, Los Angeles. J. David Richardson is
Professor of Economics, Syracuse University.
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