Introduction to International Trade and Finance is written for a one semester course in international economics found in undergraduate business programs. The author, Dominick Salvatore, is very well known and respected in this segment of the market. He presents the material using a real-world perspective in order to help readers gain a better understanding of critical concepts.
I planned to read two chapters per day until I covered the 16 chapters. But that was not possible: once I grabbed the book, I couldn't put it down until the next two days, when I finished it. Many times I 'heard' myself saying "oh, so that's why...". Is there anything better when you're reading a textbook? What could possibly make a textbook on economics such a page-turner? The invaluable opportunity to help understand the world around us - how and why trade happens between countries, issues about employment, protectionism, etc. How could I not relate it to just about 2/3 of the news in the international/economics session of the newspapers? Just about everything I read had some parallel in the world, parallels which I drew from my reality and previous knowledge and from the pieces of news the author chose to illustrate his points. Although I know some micro and macroeconomics, I had little knowledge of international economics. And what called my attention was how the explanations were both simple and elegant. I never closed a chapter with doubt in any point and, fortunately, I did not have to endure repetitive explanations that some authors think are suitable. Salvatore's points are both clear, concise, and never underestimate the reader's intelligence.
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