The International Economics
Study Center

Welcome to the International Economics Study Center

The International Economics Study Center was created by Steve Suranovic in 1997 to provide useful information related to international trade, international finance and other economic issues of the day. One resource available is an online textbook covering standard topics in International Trade and Finance. Click on Course Materials above to gain access. A more updated and professionally served textbook is available in online, PDF and hardcopy versions at affordable prices at Flat World Knowledge. Flatworld textbooks are affordable, and customizable by adopters. It is the newest innovation in textbook publishing that will address the problem of soaring textbook prices while offering remarkable flexibility for instructors.

Working Papers

Selected Opinion Articles

GW's Institute of International Economic Policy

The Institute of International Economic Policy (IIEP) serves as a catalyst for high quality, multi-disciplinary, non-partisan research on policy issues related to economic globalization. The Institute research program develops academic analysis and effective policy options at a time of growing controversy about international economic integration around the world.



This site was created and is maintained by Steve Suranovic, an Associate Professor of Economics and International Affairs at The George Washington University in Washington, DC.





A Moderate Compromise: Economic Policy Choice in an Era of Globalization - by Steve Suranovic (Palgrave McMillan, 2010)
This book offers an approach to globalization policy choice that applies three simple principles to determine actions and argues that these principles are consistent with people's fundamental concerns across the ideological spectrum. The book motivates the need for this mechanism by arguing that traditional policy choice methods (e.g. cost benefit analysis et. al.) are more likely to spark divisiveness than to result in a large consensus of support.

A Moderate Compromise Excerpts

Chapter 1 - Introduction

Chapter 2 - Why Economic Theory can't tell us what to do about Policy

Chapter 3 - Why Empirical Data can't tell us what to do about Policy

Chapter 4 - Why Fairness can't tell us what to do about Policy

Chapter 5 - Why Democracies won't choose the Best Policies

Chapter 6 - The Pursuit of Profit

Chapter 7 - Involuntary Transfers

Chapter 8 - Voluntary Exchange and Competition

Chapter 9 - Voluntary Transfers

Chapter 10 - A New Guide to Policy Choice in an Era of Globalization

Chapter 11 - A Policy Plan for the US