Contents in Brief
The International Economy and Globalization 2
International Trade Relations 27
Foundations of Modern Trade Theory: Comparative Advantage 28
Sources of Comparative Advantage 63
Tariffs ....................................................101
Nontariff Trade Barriers 140
Trade Regulations and Industrial Policies 174
Trade Policies for the Developing Nations 218
Regional Trading Arrangements 253
International Factor Movements and Multinational Enterprises 289
International Monetary Relations 319
The Balance of Payments 320
Foreign Exchange 340
Exchange-Rate Determination 372
Balance-of-Payments Adjustments .400
Exchange-Rate Adjustments and the Balance of Payments .416
Exchange-Rate Systems and Currency Crises .442
Macroeconomic Policy in an Open Economy .474
International Banking: Reserves, Debt, and Risk .490