PART I INTERNATIONAL ECONOMICS AND THE WORLD ECONOMY
    Chapter 1 International Trade
        Incentives and Effects of International Trade
        Development of International Trade Theories
        Benefits of Free Trade
        Trade Barriers
        Arguments for Trade Protection
        GATT and WTO
    Chapter 2 International Investment
        Defining International Investment
        Foreign Direct Investment (FDI): Pros and Cons
        Government Policies towards FDI
        Evolution of Global FDI
        Multinational Corporations
    Chapter 3 International Finance
        International Balance of Payments
        Reserve Currency: Two Sides of the Same Coin
        Evolution of International Monetary Systems
        Uniform Currency—Blessing or Curse?
        International Financial Institutions
        Economic Aid: A Solution to the Debt Problem?
PART II INTEGRATION OF THE GLOBAL ECONOMY
    Chapter 4 Globalization and Economic Integration
        Globalization: Definition and Characteristics
        Globalization in Historical Perspectives
        Globalization and Economic Growth
        Pros and Cons of Economic Globalization
    Chapter 5 Regional Economic Integration
        Characteristics and Effects of Regional Synergy
        Driving Factors for Regional Integration
        Growing Complexity of Regional Integration
        Major Regional Groups and Agreements
    Chapter 6 Global Economic Challenges
        Global Poverty
        Climate Change
        Oil Supply Shock
        Debt Crisis
PART III INSTITUTIONAL VARIATIONS OF THE WORLD ECONOMY
    Chapter 7 Theories and Overview
        Introduction to Contemporary Economic Systems
        The Evolution of Capitalism
        The Development of Command Economy
        From Command Economies to Market Economies
    Chapter 8 Varieties of Advanced Market Capitalism
        America: Market Capitalism with Government Expansion
        Japan: Planned Market Economy with Traditional Elements
        France: Economy under Indicative Planning
        Sweden: Social Market Welfare State
        Germany: Unification and Reforms
        Angela in Wonderland: What Germany’s Got Right?
    Chapter 9 Transition among Former Socialist Economies
        Eastern Germany’s Road to Western Prosperity
        Russia’s Uncertain Path to Reform
        China’s Socialist Market Economy
        Poland: A Success Story in Central Europe
        Cuba: A Country of Two Brothers
    Chapter 10 Alternative Paths among Developing Economies
        India: The Elephant Walks
        Iran: A New Traditional Islamic Economy
        Mexico: Revolution and Reform
PART IV CHINA AS A NEW GLOBAL ECONOMIC PLAYER
    Chapter 11 International Trade Development
        Development of China’s Trade System
        Towards a More Open Economy
        Composition of China’s Foreign Trade
    Chapter 12 International Monetary Dimensions
        Reforming China’s Banking and Financial Sectors
        China’s Capital Account Convertibility
        Prospects of RMB to Become a Global Currency
    Chapter 13 Foreign Direct Investment
        Evolution of China’s FDI Policies
        Patterns of China’s FDI Inflows
        Impact of MNCs on China’s Economic Development
        China’s Outward Direct Investment (ODI)
        Emerging Chinese MNCs