The Evolving International Economy

Focusing on trade and development, the book addresses key global issues such as rapid growth in the Third World, sustained expansion in industrial nations, and the elimination of extreme poverty and inequality. It is divided into four parts: the first three analyze the world economy and major trade issues, while the fourth offers a foundational understanding of the results through formal models. The descriptive analysis emphasizes market behavior and the interaction between domestic policies and international markets, highlighting the importance of market responses to policy decisions.