In an increasingly globalized world, an understanding of the role of international trade is central to the study
of agricultural economics and agribusiness. This text interweaves these two elements, explaining the theories and
practices relevant to agricultural trade. Using real-life examples to explain theories and models, the text prepares
readers to critically examine agricultural trade issues.
Starting with the basic economics of trade, the text covers agricultural policies affecting trade flows, macroeconomic
issues such as exchange rates and the balance of trade, and other important issues including foreign direct investment
and the environment. Each chapter features overviews and summaries, key concepts, questions for review, and suggested
readings. With its international focus, agricultural perspective, and engaging pedagogy, this text offers an innovative
and accessible approach to the study of agricultural trade.