CONTENTS 1
PART ONE International Economy 1
Chapter 1 Growing Economic CooperationAmong Nations 4
Chapter 2 Trade Liberalization 18
Chapter 3 New Protectionism 31
Chapter 4 Economic Integration and Regionalization 44
Chapter 5 The Current Situationof World Economy 55
PART TWO International Trade Relations 65
Chapter 6 The Development of Modern Trade Theory 67
Chapter 7 Demand and Terms of Trade 92
Chapter 8 Supply and Demand Factors 105
Chapter 9 International Trade Restrictions:Tariffs and Non--tariff Barriers 121
PART THREE International Monetary Relations 139
Chapter 10 The Balance of Payments 141
Chapter 11 Foreign Exchange Markets 154
Chapter 12 The Balance of International PaymentsAdjustment Under Fixed Exchange Rates 180
Chapter 13 The Adjustment of Exchange Rates andthe Balance of Payments 210
Chapter 14 The Flexible Exchange Rate System 233