Key Features



　　1.AS/AD Framework Appendix: This provides flexibility for instructors who would like to include this approach in their course.



　　2.Labor Issues Discussed: The book continues to weave discussion of labor issues into a number of chapters in Parts I and II.



　　3.Trade and the Environment: It includes discussion of such topics as WTO rulings on environmental policies that affect international trade, transborder pollution, ozone depletion, and global warming.



　　4.Export Dumping: The material on the dumping of exports includes data on recent anti-dumping actions and the discussion of the use of anti-dumping policy as a protectionist device.



　　5.NAFTA: The discussion of NAFTA includes a treatment of the important rules of origin. MERCOSUR, the free trade area of South American countries, is also discussed; this is significant because this is the first effective free trade area among developing countries.



　　6.End-of-Chapter Questions: Each chapter has at least ten questions and problems.



　　7.Balanced Coverage: The text covers all of the conventional topics in International Economics while grappling with the issues that are being discussed in today’s economic journals and newspapers.



　　8.Real Situations: Applications taken from real economic situations appear in two-color boxes, so students immediately see the relevance of theory to world economics.