Free trade and the quality of life issues
Does the principle of comparative advantage apply in the face of job
Boeing outsources work, but protects its secrets—Ch. 2
Does trade make the poor even poorer?—Ch. 3
Does wage insurance make free trade more acceptable to workers?—Ch. 6
The environment and free trade—Ch. 6
Trade conflicts between developing and advanced nations
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Does foreign aid promote the growth of developing countries?—Ch. 7 How to bring developing countries in from the cold—Ch. 7 The Doha Round of multilateral trade negotiations—Ch. 6 China’s export boom comes at a cost: how to make factories play fair—Ch. 7 Do U.S. multinationals exploit foreign workers?—Ch. 9
Liberalizing trade: the WTO versus regional trading arrangements
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Does the WTO reduce national sovereignty?—Ch. 6 Regional integration versus multilateralism—Ch. 8 Is Europe really a common market?—Ch. 8 French and Dutch Voters Sidetrack European Integration—Ch. 8 From NAFTA to CAFTA—Ch. 8 Will the Euro Fail?—Ch. 8
The dollar as a reserve currency
Paradox of foreign debt: how the United states has borrowed without cost—Ch. 10
Why a dollar depreciation may not close the U.S. trade deficit—Ch. 14
Preventing currency crises: currency boards versus dollarization—Ch. 15
China lets Yuan rise against dollar—Ch. 15
Should the Special Drawing Right replace the dollar as the world’s reserve currency?—Ch. 17
Is international trade a substitute for migration?—Ch. 3
Economic growth growth—Ch. 7
Besides emphasizing current economic themes, the thirteenth edition of this text contains many new contemporary topics such as outsourcing and the U.S. auto industry, U.S. safeguards limit imports of textiles from China, bailout fund for the Eurozone, bike imports force Schwinn to downshift, and currency markets draw day traders. Faculty and students will appreciate how this edition provides a contem- porary approach to international economics.
Organizational Framework: Exploring Further Sections
Although instructors generally agree on the basic content of an international econom- ics course, opinions vary widely about which arrangement of material is appropriate. This book is structured to provide considerable organizational flexibility. The topic of international trade relations is presented before international monetary relations, but the order can be reversed by instructors who choose to start with monetary theory. Instructors can begin with Chapters 10–17 and conclude with Chapters 2–9. Those who do not wish to cover all the material in the book can easily omit all or parts of Chapters 6–9 and Chapter 13, and Chapters 15–17 without loss of continuity.
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