Part One Globa I and National Economic Situation 1
Unit OneText A Another Bush,Another Jobless Recovery 3
Text B The Hard Road Ahead 14
Unit TwoText A Finally,Some GoodNews 21
Text B Steaming 35
Unit ThreeText A Too Much Money:Inflation Goes Global 42
Text B The New "New Economy" 55
Unit FourText A India's Economy Hits the Wall 66
Text B A Yawning Trade Gap Could Swallow the Recovery 79
Unit FiveText A Can Europe's Recovery Last? 86
Text B Climb on,Honey:This Could Be Wild 98
Part Two World Trade 109
Unit OneText A The Doha Squabble 111
Text B Drops on Parched Soil 128
Unit TwoText A China and Europe 133
Text B The Folly of Slapping Quotas on China 149
Unit ThreeText A 2005's Global Trade Hot Spots 155
Text B Sparks Fly over Steel 171
Unit FourText A Slouching toward a Trade War? 177
Text B The GM Gamble 187
Unit FiveText A Two Cheers for Free Trade 192
Text B Engaging the U.S.with Trade 207
Part Three Finance 215
Unit OneText A Time to Go Up 217
Text B The Joy of Inflation 228
Unit TwoText A Looking Up 232
Text B Still in Gear 245
Unit ThreeText A Searching for Plan B 251
Text B Drowning in Dollars 266
Unit FourText A Oceans Apart 273
Text B Super-euro 285
Part Four Management 291
Unit OneText A Make Way for Madame Director 293
Text B Earnings Guidance:Silence Is Golden 307
Unit TwoText A Finally,Coke Gets It Right 314
Text B The Live Wire in Indian High Tech 324
Unit ThreeText A Microsoft without Gates 334
Text B Gates without Microsoft 353
Unit FourText A Audi,Volvo,Acura&Chrysler? 363
Text B Volkswagen Needs a Jump 376