This book includes sections on the international economy and globalization, the foundations of modern trade theory, the comparative advantage, tariffs, non-tariff trade barriers, trade regulations and industrial policies, trade policies in developing nations, regional trading arrangements, international factor movements and multinational enterprises, the balance of payments, foreign exchange, exchange rate determination, balance-of-payments adjustments, exchange-rate adjustments and the balance of payments, exchange-rate systems and currency crises, macroeconomic policy in an open economy, and international banking reserves