International Economics: Theory and Practice

The textbook presents a systematic exposition of the fundamentals of the theory and practice of international division of labor, international trade, mobility of factors of production between countries of the world economy system, and international economic integration. From the standpoint of strict macroeconomic analysis, it also addresses such pressing issues for the Russian economy as currency and credit relations between countries, the country's balance of payments, as well as questions of optimizing economic policy in an open economy. The strictly formalized, yet visually clear and accessible presentation of the material stimulates interested study of the discipline with numerous examples illustrating real practice in making effective management decisions in the field of international economic relations.