Part 1 Global Economic Picture 3
Chapter 1 The World Economic Outlook 3
Supplementary Reading Poised for Growth? 14
Chapter 2 American Economy 21
Supplementary Reading Japan's Economy Grew 2.3％in Quarter 28
Chapter 3 China's Economy 33
Supplementary Reading Economic Reforms in Russia 40
Part 2 International Trade Theories 49
Chapter 4 Benefits of International Trade 49
Supplementary Reading(1) National Gains from International Trade 53
Supplementary Reading(2) Take Your Partners 58
Chapter 5 Modern Trade Theories(1) 62
Supplementary Reading A Marketing Expert's Comment on the Theory of Comparative Advantage 71
Chapter 6 Modern Trade Theories(2) 74
Supplementary Reading International Trade Product Life-Cycle 82
Chapter 7 Arguments for Government Intervention in International Trade 86
Supplementary Reading U.S.Won't Push Japan on Moves to Weaken the Yen,Snow Says 94
Chapter 8 International Trade Policies 98
Supplementary Reading(1) American Trade Sanctions 107
Supplementary Reading(2) Bush's Free-trade Diplomacy Has Corporate America Steaming 112
Chapter 9 Regional Economic Integration 116
Supplementary Reading(1) China-ASEAN Summit to Focus on Regional Trade,Political Trust 128
Supplementary Reading(2) China's Tight Embrace 134
Supplementary Reading(3) Hong Kong(SAR)-China:Cheaper with CEPA(2) 141
Chapter 10 Exchange Rate and International Trade 144
Supplementary Reading(1) Drowning in Dollars 149
Supplementary Reading(2) Currency Union and Trade Growth 156
Chapter 11 The Balance of Payments 163
Supplementary Reading China's Export Strength Makes It a Focal Point of Concern in the U.S 169
Chapter 12 International Investment and Multinational Enterprises 176
Supplementary Reading(1) Foreign Investment in China 183
Supplementary Reading(2) A Place for Capital Controls 187
Chapter 13 GATT 193
Supplementary Reading The Kennedy Round 206
Chapter 14 WTO(1)—A General Introduction 211
Supplementary Reading(1) Posturing in Cancún 221
Supplementary Reading(2) WTO Could Try Harder-China＆WTO(Part Ⅰ) 224
Supplementary Reading(3) How Bejing Is keeping Banks at Bay 231
Chapter 15 WTO(2)—Chief WTO Rules 237
Supplementary Reading(1) Tragedy at Trade Talks Puts Focus on Plight of S Korea's Agricultural Sector 248
Supplementary Reading(2) The Challenge for Trade in Cancún 252
Chapter 16 WTO(3)—the Doha Round 258
Supplementary Reading(1) A Mountain to Climb in Cancún 265
Supplementary Reading(2) Deadlocked in Doha 272
Supplementary Reading(3) Doha:Dead or Alive? 276
Part 3 International Trade Practice 283
Chapter 17 Export and Import Financing 283
Supplementary Reading(1) Methods of Payment in International Trade 293
Supplementary Reading(2) Other Forms of Trade Finance 302
Chapter 18 Trade Terms-Incoterms 308
Chapter 19 Trade Forms 317
Supplementary Reading Countertrade 323
References 330