Part 1. Introduction and institutions. 1, An introduction to the world economy. 2, International economic institutions since World War II -- Part 2. International trade. 3, Comparative advantage and the gains from trade. 4, Comparative advantage and factor endowments. 5, Beyond comparative advantage. 6, The theory of tariffs and quotas. 7, Commercial policy. 8, International trade and labor and environmental standards -- Part 3. International finance. 9, Trade and the balance of payments. 10, Exchange rates and exchange rate systems. 11, An introduction to open economy macroeconomics. 12, International financial crises -- Part 4. Regional issues in the global economy. 13, The United States in the world economy. 14, The European Union: many markets into one. 15, Trade and policy reform in Latin America. 16, Export-Oriented growth in East Asia. 17, China and India in the world economy.