Part 1 World Economic Picture
Chapter 1 The Global Economic Crisis3
Supplementary Reading (1)
The London Summit9
Supplementary Reading (2)
Japanu2019s Economy13
Chapter 2 American Economy17
Supplementary Reading
Europeu2019s Economy22
Chapter 3 Chinau2019s Economy27
Supplementary Reading (1)
Chinau2019s Trade 34
Supplementary Reading (2)
Recalculating Chinau2019s GDPu2014Clipping the Dragonu2019s Wings37
Part 2 International Trade Theories
Chapter 4 Benefits of International Trade
43
Supplementary Reading (1)
National Gains from International Trade47
Supplementary Reading (2)
Take Your Partners51
Chapter 5 Modern Trade Theories (1)55
Supplementary Reading
A Marketing Expertu2019s Comment on the Theory of Comparative
Advantage64
Chapter 6 Modern Trade Theories (2)67
Supplementary Reading
International Trade Product Life-cycle75
Chapter 7 Arguments on Government Intervention in
International Trade79
Supplementary Reading
The U.S. Wonu2019t Push Japan on Moves to Weaken the Yen,
Snow Says86
Chapter 8 International Trade Policies91
Supplementary Reading
American Trade Sanctions100
Chapter 9 Regional Economic Integration105
Supplementary Reading
China-ASEAN Summit to Focus on Regional Trade,
Political Trust116
Chapter 10 Exchange Rate and International Trade123
Supplementary Reading
Drowning in Dollars127
Chapter 11 The Balance of Payments135
Supplementary Reading
Chinau2019s Export Strength Makes It a Focal Point of Concern
in the U.S.140
Chapter 12 International Investment and Multinational En
terprises147
Supplementary Reading
Foreign Investment in China153
Chapter 13 GATT159
Supplementary Reading
The Kennedy Round171
Chapter 14 WTO (1)u2014A General Introduction177
Supplementary Reading
Posturing in Cancún186
Chapter 15 WTO (2)u2014Chief WTO Rules191
Supplementary Reading (1)
Tragedy at Trade Talks Puts Focus on Plight of South Koreau2019s
Agricultural Sector201
Supplementary Reading (2)
The Challenge for Trade in Cancún 204
Chapter 16 WTO (3)u2014the Doha Round 211
Supplementary Reading (1)
Deadlocked in Doha217
Supplementary Reading (2)
The Newest Developments of the Doha Round 221
Part 3 International Trade Practices
Chapter 17 Export and Import Financing227
Supplementary Reading (1)
Methods of Payment in International Trade236
Supplementary Reading (2)
Other Forms of Trade Finance244
Chapter 18 Trade Termsu2014Incoterms249
Supplementary Reading
The Interrelation between Incoterms and Other Contracts257
Chapter 19 Trade Forms263
Supplementary Reading
Countertrade268
Chapter 20 Transportation of Exports275
Supplementary Reading
Shipping Documents279
Chapter 21 Insurance of Exports 283
Supplementary Reading
The Peopleu2019s Insurance Company of China Ocean Marine Cargo
Clauses (A Sample)287
Chapter 22 Some Important Laws Affecting Foreign Trade 293
Supplementary Reading
America Must Resist Protectionism302
References307