World Trade and Payments: An Introduction

This edition contains revised and updated coverage of the multinational enterprise; an updated discussion on the political economy of trade controls; a new section on the Eastern European economies in transition, giving students a framework for understanding their economic effects on the world; an introductory chapter, setting up issues to be discussed in subsequent chapters, providing students with the necessary background; and a new section on trade policies and the development of newly industrialized countries. Coverage includes clear models, supported by recent empirical research, made easily understandable by a wealth of issues and applications. The text's updated information includes material on the multinational enterprise, the political economy of trade controls, and the outcome of the Uruguay Round of international tariff negotiations and the new World Trade Organization.