Contents: Perspectives on globalization: Globalization -- The United States in the global economy -- National differences in political economy -- Differences in culture -- Case: Qualcomm in China -- Perspectives on international trade: International trade theory -- Perspectives on trade policy: The instruments of trade policy -- Political economy and U.S trade policy -- Toughest on the poor: America's flawed tariff system -- Using sanctions to fight terrorism -- Bridging the trade-environment divide -- Labor standards: Where do they belong on the international trade agenda? -- Case: Agricultural subsidies and development -- Case: Boeing versus Airbus: Two decades of trade disputes -- Case: The politics of trade in steel -- Perspectives on immigration policy: The International migration of people -- Immigration policy -- Perspectives on regional integration -- Regional economic integration -- Perspectives on balance of payments,exchange rates and foreign direct investment: The Balance of payments accounts -- Does the United States have a current account deficit disorder? -- The Foreign exchange market -- The International monetary system -- Foreign direct investment -- Case: The Tragedy of the Congo -- Case:The Russian rubble crisis and its aftermath -- Perspectives on the global macro economy -- How does the open macroeconomy work? -- Internal and external balance with fixed exchange rates -- Floating exchange rates and internal balance -- National and global choices:Floating rates and the alternatives.