Assuming a minimum exposure to Principles of Microeconomics, this book reviews economic models and presents theories to explain the benefits and goals of trade between countries. It is rigorous and unique in its presentation of stories about countries in today's world. In addition to real-world stories, the text also offers standard theoretical constructs and economic models.
About the Author v Preface vii Part I. Engines of Globalization 1 A Second Wave of Globalization 1 2 Should Nigeria Strive for Self-Sufficiency in Food? 13 3 Why Do Americans Get Their Impalas from Canada? 30 4 Trade and Large Corporations: Kodak versus Fuji 48 Part II. Politics and Policy in the World Economy 5 Why Did the North Want a Tariff, and Why Did the South Call It an Abomination? 64 6 Is Free Trade a Rip-off for American Workers? 86 7 Why Doesn t Our Government Want Us to Import Sugar? 108 8 Who Are the WTO, and What Do They Have Against Dolphins? 135 9 Should Developing-Country Governments Use Tariffs to Jump-start Growth? 152 10 Was Ronald Reagan Punked by Japanese Automakers? 173 Part III. Current Controversies 11 Should the iPod Be Made in the United States? 188 12 Should We Build a Border Fence? 210 13 Trade and the Environment: Is Globalization Green? 226 14 Sweatshops and Child labor: Globalization and Human Rights 239 15 Is NAFTA a Betrayal of the Poor or a path to Prosperity? 263 Part IV. Macroeconomic Aspects of Globalization 16 Is the Trade Deficit a Time Bomb? 286 17 Trade and Exchange Rates: Is the Renminbi the Culprit? 304 Index 327
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