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| Introduction to the Global Economy | |
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| We Live in a Global Economy | |
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| The Globalization Challenge | |
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| International Trade and the Nation's Standard of Living | |
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| The International Flow of Labor and Capital | |
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| The Subject matter of International Economics | |
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| Current International Economic Problems | |
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| International Organizations and the World Economy | |
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| Organization of the Text | |
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| International Trade Theory | |
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| Comparative Advantage | |
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| Introduction | |
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| Mercantilists' Views on Trade | |
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| Trade Based on Absolute Advantage: Adam Smith | |
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| Trade Based on Comparative Advantage: David Ricardo | |
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| Gains from Trade with Comparative Advantage | |
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| Comparative Advantage with Money | |
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| Comparative Advantage and Opportunity Costs | |
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| Production Possibility Frontier with Constant Costs | |
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| Opportunity Costs and Relative Commodity Prices | |
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| Basis for and Gains from Trade Under Constant Costs | |
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| The Standard Trade Model | |
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| Introduction | |
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| The Production Frontier with Increasing Costs | |
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| The Marginal Rate of Transformation | |
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| Community Indifference Curves | |
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| Equilibrium in Isolation | |
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| The Basis and the Gains from Trade with Increasing Costs | |
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| Equilibrium Relative Commodity Prices with Trade | |
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| Terms of Trade | |
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| Specialization, Trade, and Deindustrialization | |
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| The Heckscher-Ohlin and Other Trade Theories | |
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| Introduction | |
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| Factor Endowments and the Heckscher-Ohlin Theory | |
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| The Formal Heckscher-Ohlin Model | |
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| Factor-Price Equalization and Income Distribution | |
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| Empirical Tests of the Heckscher-Ohlin Theory | |
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| Economies of Scale and International Trade | |
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| Trade Based on Product Differentiation | |
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| Technological Gap and Product Cycle Models | |
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| Transportation Costs and International Trade | |
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| Environmental Standards and International Trade | |
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| International Trade Policy | |
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| Trade Restrictions: Tariffs | |
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| Introduction | |
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| Types of Tariffs | |
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| Effects of a Tariff in a Small Nation | |
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| Effect of a Tariff on Consumer and Producer Surplus | |
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| Costs and Benefits of a Tariff in a Small Nation | |
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| Costs and Benefits of a Tariff in a Large Nation | |
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| The Optimum Tariff and Retaliation | |
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| Theory of Tariff Structure | |
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| Nontariff Trade Barriers and the Political Economy of Protectionism | |
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| Introduction | |
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| Import Quotas | |
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| Other Nontariff Trade Barriers | |
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| Dumping and Export Subsidies | |
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| The Political Economy of Protectionism | |
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| Outsourcing, Offshoring, and Fear of Globalization | |
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| Strategic Trade and Industrial Policies | |
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| History of U.S. Commercial Policy | |
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| The Uruguay Round | |
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| Outstanding Trade Problems and the Doha Round | |
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| International Trade and Investment Relations | |
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| Economic Integration | |
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| Introduction | |
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| Forms of Economic Integration | |
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| Trade Creation and Trade Diversion in Customs Unions | |
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| Dynamic Benefits from Customs Uni | |