Now in its Thirteenth Edition, this proven, market-leading text remains a favorite among students and instructors alike for its clear, concise treatment of international trade and finance theory. Using a wealth of contemporary examples and practical applications, GLOBAL ECONOMICS, 13e, vividly demonstrates the relevance of theory to real-world economic issues and policy questions. Discussions are presented both verbally and graphically, making the text highly accessible even for students with little economics background, and a flexible format makes the text suitable for a wide range of course structures and subjects. As delighted students and instructors have discovered, “if it’s clear, concise and contemporary, it has to be Carbaugh!”

The International economy and globalization -- International trade relation -- Foundations of modern trade theory: comparative advantage -- Sources of comparative advantage -- tariffs -- Nonstariff trade barriers -- Trade regulations and industrial policies -- Trade policies for the developing nations -- Regional trading arrangements -- International factor movements and multinational enterprises -- International monetary relations -- The balance of payments -- Foreign exchange -- Exchange-Rate determination -- Mechanisms of International adjustment -- Exchange-Rate adjustments and the balance of payments -- Exchange-Rate systems and currency crises -- Macroeconomic policy in an open economy -- International banking: reserves debt, and risk