World Trade and Payments

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This new edition of World Trade and Payments retains those features that have made it such a highly respected and successful text. Once again it offers clear coverage of sophisticated models supported by the latest empirical research, all made easily understandable by a wealth of issues and applications. In addition, new theoretical developments have been incorporated to keep the text up-to-date. The balanced coverage of trade and finance features updated material on the multinational enterprise, the political economy of trade controls, the outcome of the Uruguay Round of international tariff negotiations, and the new World Trade Organization. Also, there are entirely new discussions on the Eastern European economies in transition, trade policies, and the development of newly industrialized countries.