Top positive review
3 people found this helpful
on February 17, 2012
I read this text book, though on the way till chapter 7.
The way this book is written is very interesting and unique, so I think you can enjoyably read this book.
Its notable features are, I think, to be written as follows.
1. data oriented, with a lot of tables and figures used to explain facts.
2. authors present those facts at first to show how theories are used to explain the facts, and the link between facts and theories is not felt unnatural,
differently from other texts including famous textbooks.
3. things dealt with are what Feenstra, a prestigious scholar, had studied till now, such as monopolistic competition, and outsourcing.
And, so, I think that what are written are very up-to-date. The chapter of monopolistic competition includes gravity equation and the effects of NAFTA.
The reason why this book attach great importance to facts is that Feenstra has done empirical studies of international trade, though he was originally a scholar who did theory. I remember reading his papers of capital movements in JIE and monopolistic competition with Judd in JPE.
I don't know why people don't write comments on this authors' textbook. This book is surely a splendid book written in a new style.