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Free trade and the quality of life issues

  • Does the principle of comparative advantage apply in the face of job

outsourcing?Ch. 2

  • Boeing outsources work, but protects its secretsCh. 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 tradeCh. 6

Trade conflicts between developing and advanced nations

Does foreign aid promote the growth of developing countries?Ch. 7 How to bring developing countries in from the coldCh. 7 The Doha Round of multilateral trade negotiationsCh. 6 Chinas export boom comes at a cost: how to make factories play fairCh. 7 Do U.S. multinationals exploit foreign workers?Ch. 9

Liberalizing trade: the WTO versus regional trading arrangements

Does the WTO reduce national sovereignty?Ch. 6 Regional integration versus multilateralismCh. 8 Is Europe really a common market?Ch. 8 French and Dutch Voters Sidetrack European IntegrationCh. 8 From NAFTA to CAFTACh. 8 Will the Euro Fail?Ch. 8

The dollar as a reserve currency

  • Paradox of foreign debt: how the United states has borrowed without costCh. 10

  • Why a dollar depreciation may not close the U.S. trade deficitCh. 14

  • Preventing currency crises: currency boards versus dollarizationCh. 15

  • China lets Yuan rise against dollarCh. 15

  • Should the Special Drawing Right replace the dollar as the worlds reserve currency?Ch. 17


Is international trade a substitute for migration?Ch. 3



Economic growth growthCh. 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 1017 and conclude with Chapters 29. Those who do not wish to cover all the material in the book can easily omit all or parts of Chapters 69 and Chapter 13, and Chapters 1517 without loss of continuity.

Copyright 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

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