A text for a one-semester or longer course, with sections on the basic model of international trade; trade patterns, income distribution, and growth; theory and practice of commercial policy; money, income, and the balance of payments; international financial markets and their macroeconomic implications; and the determination of exchange rates in international asset markets. Pedagogical features include chapter summaries, problems, and discussion questions. Some chapters are followed by appendices explaining special topics. This eighth edition is streamlined, and contains new material on theoretical developments, multinational enterprise, and economies in transition. Annotation c. by Book News, Inc., Portland, Or.