Talk:International economics

New Article on International Economics.

• I found the old article very ambiguous. It was not clear on the definition of international economics. The new article provides a clear and imho comprehensive definiton.
• I would suggest to keep this article short, and I would not consider it a stub. International economics is rather studied separatly in it's two subdisciplines. People searching for more detail information should consult the topics of international trade and international finance.
• Beware of the confusion with international economy, those are two related but different topics.
• In my oppinion these related articles need some extra help: List of international finance topics and International finance

--PBS27 21:57, 15 October 2005 (UTC)----

• Distinction between the Classical theory and the Modern theory is ambiguous and misleading. As general theories of international trade one should mention both the Ricardian theory and Heckscher-Ohlin theory. Ricardo belongs to the classical school of economics and Heckscher and Ohlin belong to the neo-classical school. But the Ricardian theory of comparative advantage has been a source of inspiration for both classical and neo-classical economists.

• It will be wiser to compare Ricardian theory and Heckscher-Ohlin theory as two forms of general trade theories.

(talk) 17:22, 7 November 2009 (UTC)

Dr. Schmitt's comment on this article

Dr. Schmitt has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

International trade studies goods-and-services flows across international boundaries from supply-and-demand factors, economic integration, international factor movements, and policies affecting these flows.[1]

The Modern analysis would require a major re-write as this part is long, cumbersome and dated.

Trade policies seem to stop in the 1980s; nothing on anti-dumping, on so-called deep integration, or on regional integration.

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Dr. Schmitt has published scholarly research which seems to be relevant to this Wikipedia article:

• Reference : Zhan QU & Horst Raff & Nicolas Schmitt, 2015. "Inventory Control and Intermediation in Global Supply Chains," Kiel Working Papers 1993, Kiel Institute for the World Economy.

ExpertIdeasBot (talk) 17:01, 19 May 2016 (UTC)

Dr. Vanzetti's comment on this article

Dr. Vanzetti has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

This article is quite good but somewhat dated and lacking discussion of ne developments.

I would define international trade simply as the exchange of goods, services and capital across national borders.

Scope and methodology. Rather than the international mobility of the capital and labour, I would suggest trade theory differs from the rest of economic theory because of the presence of fluctuating exchanges rates. The focus of trade theory is to explain what and why countries trade with each other.

There is little or no emphasis on the role of heterogeneous firms, nor of imperfect substitution (the Armington assumption).

The section on exchange rates could use the Euro experiment as an example. The Global Financial Crisis needs more discussion.

There is little on the proliferation of preferential trade agreements.

A lot of the estimates of the benefits of tariff reform are dated (Notes 31, 32, 33, 34) and hence too large.

The paragraph on quotas could add a reference to tariff rate quotas, common in agriculture. More could be said about recent work on non-tariff barriers, undertaken by WB/UNCTAD for example.

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Dr. Vanzetti has published scholarly research which seems to be relevant to this Wikipedia article:

• Reference : Vanzetti, David & Oktaviani, Rina, 2011. "Trade and employment linkages in Indonesian Agriculture," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100724, Australian Agricultural and Resource Economics Society.

ExpertIdeasBot (talk) 16:11, 31 May 2016 (UTC)

Dr. Masters's comment on this article

Dr. Masters has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

The weakest section of this article is probably Trade Policies, especially the paragraph on quotas. This could be much improved with input from Philip C. Abbott at Purdue (abbottpc@purdue.edu).

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Dr. Masters has published scholarly research which seems to be relevant to this Wikipedia article:

• Reference : Masters, William A. & Garcia, Andres F., 2009. "Agricultural Price Distortion and Stabilization: Stylized facts and Hypothesis Tests," Agricultural Distortions Working Paper 50301, World Bank.

ExpertIdeasBot (talk) 13:10, 7 June 2016 (UTC)

Dr. Pouliot's comment on this article

Dr. Pouliot has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

It is a nice overview of the topic, accessible and well-documented.

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Dr. Pouliot has published scholarly research which seems to be relevant to this Wikipedia article:

• Reference : Pouliot, Sebastien, 2012. "On the Economics of Adulteration in Food Imports: Application to US Fish and Seafood Imports," Working Papers 148596, Structure and Performance of Agriculture and Agri-products Industry (SPAA).

ExpertIdeasBot (talk) 18:57, 15 June 2016 (UTC)

Dr. Matusz's comment on this article

Dr. Matusz has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

I would not say that there are inaccuracies, but I think that the tone of the discussion of the state of international trade is a bit harsh and incomplete.

I'm not sure what the following statement really means.

"The branch of trade theory which is conventionally categorized as "classical" consists mainly of the application of deductive logic, originating with Ricardo’s Theory of Comparative Advantage and developing into a range of theorems that depend for their practical value upon the realism of their postulates."

The "assumed postulates" are completely unrealistic. The relevance of the theory centers around its ability to help us organize our thoughts about the forces at work and make predictions regarding the effects of changes in parameters. For example, the Heckscher-Ohlin model helps us figure out how to set up an empirical test of whether immigration affects local wages.

More generally, I think that the article is a bit dismissive of neo-classical theory, suggesting that the "Leontief Paradox" essentially invalidates it. I would disagree. I think that there is plenty of evidence that there is a factor-endowment component to trade, but the basic model is too restrictive to capture the full picture. See, for example, Davis and Weinstein (An Account of Global Factor Trade, American Economic Review, December 2001)

I suppose it's not possible to fit everything into a single article, but it is hard to imagine a section entitled "Modern Analysis" that does not give at least some passing reference to the models of intraindustry trade, including work by Paul Krugman, Avanish Dixit, Gene Grossman, Elhanan Helpman, and Marc Melitz.

I am not commenting on the discussion of international finance because it is not my area of expertise.

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We believe Dr. Matusz has expertise on the topic of this article, since he has published relevant scholarly research:

• Reference : Carl Davidson & Steven Matusz, 2005. "Trade Liberalization and Compensation," International Trade 0503008, EconWPA.

ExpertIdeasBot (talk) 19:42, 1 July 2016 (UTC)

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