Book overview
International Economic Relations: Theories and Policies is a comprehensive academic reference that reviews the basic pillars that govern the movement of trade and money between the countries of the world. The book delves into the analysis of the development of global economic thought, from classical roots such as mercantilists to modern and contemporary theories. The book is characterized by a delicate organizational structure, as in its second chapter it deals with the theories of international trade in depth, reviewing Ricardo's theory of relative expenditures, John Stuart Mill's idea of mutual demand, as well as Haberler's theory of opportunity cost. The book also keeps pace with contemporary developments by explaining Heckscher-Olin theory of factor abundance of factors of production and Linder's theory of similarity preferences and the influence of income on trade patterns.

