Part 1 World Economic Picture 3
Chapter 1 The Global Economic Crisis 3
Supplementary Reading(1) The London Summit 9
Supplementary Reading(2) Japan's Economy 14
Chapter 2 American Economy 18
Supplementary Reading(1) Europe's Economy 23
Supplementary Reading(2) A New Pecking Order 27
Chapter 3 China's Economy 33
Supplementary Reading(1) China's Trade 41
Supplementary Reading(2) Recalculating China's GDP—Clipping the Dragon's Wings 44
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 on Government Intervention in International Trade 86
Supplementary Reading The 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 141
Chapter 10 Exchange Rate and International Trade 144
Supplementary Reading Drowning in Dollars 149
Chapter 11 The Balance of Payments 157
Supplementary Reading China's Export Strength Makes It a Focal Point of Concern in the U.S 163
Chapter 12 International Investment and Multinational Enterprises 169
Supplementary Reading Foreign Investment in China 176
Chapter 13 GATT 181
Supplementary Reading The Kennedy Round 194
Chapter 14 WTO(1)—A General Introduction 199
Supplementary Reading Posturing in Cancún 209
Chapter 15 WTO(2)—Chief WTO Rules 213
Supplementary Reading(1) Tragedy at Trade Talks Puts Focus on Plight of S Korea's Agricultural Sector 224
Supplementary Reading(2) The Challenge for Trade in Cancún 228
Chapter 16 WTO(3)—the Doha Round 234
Supplementary Reading(1) Deadlocked in Doha 241
Supplementary Reading(2) The Newest Developments of the Doha Round 245
Part 3 International Trade Practices 251
Chapter 17 Export and Import Financing 251
Supplementary Reading(1) Methods of Payment in International Trade 261
Supplementary Reading(2) Other Forms of Trade Finance 269
Chapter 18 Trade Terms—Incoterms 275
Supplementary Reading The Interrelation between Incoterms and Other Contracts 284
Chapter 19 Trade Forms 290
Supplementary Reading Countertrade 296
Chapter 20 Transportation of Exports 303
Supplementary Reading Shipping Documents 307
Chapter 21 Insurance of Exports 312
Supplementary Reading The People's Insurance Company of China Ocean Marine Cargo Clauses(A Sample) 316
References 321