Introduction Case Establishing a GlobalOutlook—Susan’s Story (1) Chapter One Contemporary World Economy and Its Development (3) 1．1 Fundamental Elements of the Contemporary World Economy (4) 1．2 HistoricalReviewoftheWorldEconomy (11) Chapter Summary (16) Questions and Problems (17) Online Study (17) Case Study： The Nationalities of the Top 25 Multinational Corporations and Industrial Sectors (18) Chapter Two Catalysts of World Economic Development (21) 2．1 International Division of Labor (21) 2．2 Technology Innovations and Diffusion (26) 2．3 Function of the World Market (30) 2．4 Measurement of Economic Development (35) Chapter Summary (42) Questions and Problems (43) Online Study (44) Case Study： Yao Ming— “The Next Big Thing” for International Services (44) Chapter Three Globalization Era (49) 3．1 Definition and Measurements (50) 3．2 Advantages and Disadvantages of Globalization (56) 3．3 Effects of Globalizationon Corporation’s Development (61) 3．4 Drivers of Corporate Internationalization and Globalization (66) Chapter Summary (71) Questions and Problems (72) Online Study (73) Case Study： The Battle in Seattle and the Anti-Globalization Movement (73) Chapter Four Regional Economic Integration (76) 4．1 Economic Integration and Economic Blocs (76) 4．2 Basic Theory of Economic Integration (81) 4．3 European Integration (85) 4．4 North American Economic Integration (97) 4．5 Other Economic Alliances (100) Chapter Summary (106) Questions and Problems (108) Online Study (108) Case Study： Is European Unionan Optimal Currency Area? (108) Chapter Five Freedom of Trade—Forerunner of Economic Globalization (111) 5．1 Trade Expansion and Openness of Trading Countries (111) 5．2 GATT/WTO Efforts in Promoting Freedom of the World Trade (117) 5．3 Free Trade vs． Protectionism Debate (122) Chapter Summary (129) Questions and Problems (130) Online Study (130) Case Study： Free Trade for Steel? The Debate Continues (130) Chapter Six Financial Globalization (133) 6．1 Definition， Driving Forces and Measurement (134) 6．2 The International Capital Flows (135) 6．3 Benefits of Financial Globalization (140) 6．4 Risks of Financial Globalization (143) 6．5 Multilateral Structure and Policymaking (149) Chapter Summary (159) Questions and Problems (161) Online Study (161) Case Study： Is Capital-Market Liberalization the Right Policy? (161) Chapter Seven Challenges to the Sustainable Development of the World Economy (164) 7．1 Unbalanced Economic Development (164) 7．2 World Population Challenge (170) 7．3 Environmental Challenges and Economic Development (180) 7．4 Pandemic Diseases (187) Chapter Summary (190) Questions and Problems (191) Online Study (192) Case Study： Global Climate Change and the Kyoto Protocol (192) Chapter Eight International Collaboration and Coordination (195) 8．1 Correcting International Externalities via Multilateral Interventions (196) 8．2 Protecting the Global Environment Through Multinational Efforts (199) 8．3 International Policy Coordination (204) Chapter Summary (212) Questions and Problems (212) Online Study (213) Case Study： A French Judge Combats an International Externality (213) Chapter Nine Countries in the Globalized World Economy (216) 9．1 The Division of Country Groups (217) 9．2 Developed Countries and Their Economic Performance (220) 9．3 Developing Countries’s Economic Development Strategies in the Globalization Era (230) 9．4 Economies in Transition (238) Chapter Summary (252) Questions and Problems (253) Online Study (260) Case Study： Lessons from Economic Transition in Russia and China (261) Chapter Ten China’s Economic Reform and Its Integration into the World Economy (268) 10．1 Development Strategy Before China’s Economic Reform (269) 10．2 China’s Economic Reform and Integration into the World Economy (273) 10．3 China’s Economic Achievement and Its Development Strategy (284) Chapter Summary (292) Questions and Problems (293) Online Study (293) Case Study： An Example of Application of Comparative Advantage Strategy —Taiwan’s Economic Development (293)
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