International Trade

Sixth Edition

Publication Date: February 01, 2027

E-book ISBN: 9781319615710

Connect economic theory to real-world trade issues

Teach international trade with a text that connects economic theory to the policies, data, and events shaping today's global economy.

International Trade by Robert C. Feenstra and Alan M. Taylor provides balanced, research-based coverage that

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International Trade

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PART 1 INTRODUCTION TO INTERNATIONAL TRADE

Trade in the Global Economy

PART 2 PATTERNS OF INTERNATIONAL TRADE

Trade and Technology: The Ricardian Model
Gains and Losses from Trade in the Specific-Factors Model
Trade and Resources: The Heckscher—Ohlin Model
Movement of Labor and Capital Between Countries

PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE

Increasing Returns to Scale and Monopolistic Competition
Offshoring of Goods and Services

PART 4 INTERNATIONAL TRADE POLICIES

Import Tariffs and Quotas Under Perfect Competition
Trade Policies Under Imperfect Competition
Trade and Industrial Policies
International Agreements on Trade and the Environment

Empirical evidence is integrated throughout, helping students connect economic theory to real-world policies and events.
Balanced coverage of emerging and advanced economies helps students develop a thorough understanding of the realities of the global economy.
Coverage of the latest global events and research is integrated throughout the text and within Achieve, keeping course content current and relevant.

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What's New in this Edition

The sixth edition refreshes key international economics topics with current trade policy, updated data, and new real-world examples that reflect today's global economy.

Highlights

Updated trade policy coverage reflecting recent U.S. tariffs, trade agreements, and global economic developments.
Expanded coverage of industrial policy, offshoring, and international trade policy.
Enhanced real-world examples, Applications, Headlines boxes, and chapter openers featuring current events and policy debates.
Updated economic data, figures, and Applications throughout the text.

Chapter Updates

Major updates across international economics include:

Updated examples and data on Trade in the Global Economy.
Updates to Trade and Technology and the Ricardian Model.
Updates to Trade and Resources and the Heckscher–Ohlin Model.
Updated examples and data on International Labor and Capital Flows.
Expanded coverage of Increasing Returns to Scale, Monopolistic Competition, and the USMCA.
Updates to Offshoring of Goods and Services.
Expanded coverage of Import Tariffs and Trade Policies under Perfect and Imperfect Competition.
Updates to Trade and Industrial Policy, including electric vehicles, the CHIPS Act, and related industrial policy initiatives.
Updated coverage of International Trade Agreements and Trade and the Environment.

Robert C. Feenstra

Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.

Alan M. Taylor

Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy. He is also a research associate of the National Bureau of Economic Research and coauthor (with Maurice Obstfeld) of Capital Markets: Integration, Crisis and Growth (Cambridge University Press, 2004). Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06. He lives in Davis, with his wife Claire, and has two young children, Olivia and Sebastian.

Achieve for International Trade brings the e-book, assessments, interactive activities, and instructor insights together in one online learning platform. Designed to support student engagement and learning, Achieve gives students opportunities to practise key concepts, work with real-world data, and strengthen analytical skills.

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Give students a flexible learning experience with access to the e-book to read, download, and annotate.
Personalise learning with course-specific resources, including adaptive quizzing that helps students practise key concepts.
Manage assessment and track progress with assignable activities, targeted feedback, gradebook tools, insights, reporting, and instructor resources.
Engage students in class or remotely with the integration of iClicker, an industry-leading student response system.
Connect economics to real-world data with Discovering Data and Work It Out problems that ask students to locate, analyse, and interpret data related to topics in the book.
Build problem-solving and analytical skills with curated multi-step questions, graphing problems, and rich feedback that guides students through their work.

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