Massive changes took place in the world economy in the last quarter of the twentieth century and the speed with which markets in goods, services, and finance were liberalised has no historical precedent. This brand new international economics text reflects recent developments in the world economy as well as thoroughly covering the central components of an international economics course, rooted in classical analysis and the doctrine of comparative advantage INDICE Chapter 1 Introduction and overview Part 1 Trade theory and policy Chapter 2 The theory of trade Chapter 3 Developments in the theory of trade Chapter 4 Theory of trade and protection Chapter 5 International trade policy Chapter 6 Trade and growth, Past and Present Chapter 7 International factor mobility Part 2 International monetary economics Chapter 8 Balance of payments accounts Chapter 9 Foreign exchange markets Chapter 10 The exchange rate and economic policy Chapter 11 Capital flows and financial crisesPart 3 The global economy Chapter 12 The EU in the global economy Chapter 13 Europe's transition economies in the global economy Chapter 14 International institutions Chapter 15 Challenges in the global economy: trade, finance, and technologyAppendices Appendix A The geometry of trade Appendix B Making use of the internetBibliography Index