The book examines the fundamental economic principles behind international trade, familiarizes readers with the associated technical terminology, and offer insights into some of the controversies surrounding international trade policy both in the United States and abroad. It is excellent supplemental material for students in grades 9-14 in world history, culture studies, and economics.
David Weiner has been a senior fellow at the Center for Global Development and the Overseas Development Council and director for International Economics at the Center for Strategic and International Studies. He also served on the democratic staff of the International Relations Committee of the U. S. House of Representatives. Peter Mamacos was a Fellow at the Center for Strategic and International Studies and has worked on trade, development and globalization issues at the Overseas Development Council, the U. S. Department of Labor's Bureau of International Labor Affairs, and on the democratic staff of the International Relations Committee of the U.S. House of Representatives. Sherman E. Katz is the William M. Scholl Chair in international business at the Center for Strategic and International Studies and an adjunct professor of International Trade at Johns Hopkins School of International Studies. He was a partner in Coudert Brothers, an international law firm, before taking the Scholl Chair. Laurence E. Rothenberg, currently a lawyer in Washington, D.C., was the director of the Globalization 101 Project at the Center for Strategic and International Studies from 2002 to 2004.
Part 1 The Economics of International Trade Chapter 2 International Trade in History Chapter 3 Why Do Nations Trade? Chapter 4 Why Do Nations Export? Chapter 5 Currencies and Exchange Rates Chapter 6 Why Do Nations Import? Chapter 7 Trade Specialization Chapter 8 Comparative Advantage versu Absolute Advantage Chapter 9 Trade in Theory and Practice Chapter 10 The Trade Balance Chapter 11 Significance of the U.S. Trade Deficit Part 12 Government Regulation of Trade Chapter 13 Efforts to Manipulate Trade Flow Chapter 14 Import Restrictions Chapter 15 Export Subsidies Chapter 16 Agricultural Subsidies Chapter 17 Consequences of Trade Restrictions Chapter 18 Tariff Debates in U.S. History Part 19 Liberalization: The "Deregulation" of International Trade Chapter 20 The Origin of Recent Trade Liberalization Efforts Chapter 21 Liberalization of International Trade Chapter 22 Multilateral Trade Liberalization: The Uruguay Round and the World Trade Organization Chapter 23 Regional Trade Liberalization Chapter 24 The Changing Composition of Trade Chapter 25 Trade Challenges for the United States Chapter 26 Public Concerns about Trade Chapter 27 Trade and International Labor Standards Chapter 28 Trade and Environmental Standards Part 29 Glossary Part 30 Select Bibliography