Introduction Case Establishing a Global Outlook—Susan's Story

Chapter One Contemporary World Economy and Its Development

1.1 Fundamental Elements of the Contemporary World Economy

1.2 Historical Review of the World Economy

Chapter Summary

Questions and Problems

Online Study

Case Study：The Nationalities of the Top 25 Multinational Corporations and Industrial Sectors

Chapter Two Catalysts of World Economic Development

2.1 International Division of Labor

2.2 Technology Innovations and Diffusion

2.3 Function of the World Market

2.4 Measurement of Economic Development

Chapter Summary

Questions and Problems

Online Study

Case Study：Yao Ming—"The Next Big Thing"for International Services

Chapter Three Globalization Era

3.1 Definition and Measurements

3.2 Advantages and Disadvantages of Globalization

3.3 Effects of Globalization on Corporation's Development

3.4 Drivers of Corporate Internationalization and Globalization

Chapter Summary

Questions and Problems

Online Study

Case Study：The Battle in Seattle and the Anti-Globalization Movement

Chapter Four Regional Economic Integration

4.1 Economic Integration and Economic Blocs

4.2 Basic Theory of Economic Integration

4.3 European Integration

4.4 North American Economic Integration

4.5 Other Economic Alliances

Chapter Summary

Questions and Problems

Online Study

Case Study：Is European Union an Optimal Currency Area?

Chapter Five Freedom of Trade—Forerunner of Economic Globalization

5.1 Trade Expansion and Openness of Trading Countries

5.2 GATT/WTO Efforts in Promoting Freedom of the World Trade

5.3 Free Trade vs.Protectionism Debate

Chapter Summary

Questions and Problems

Online Study

Case Study：Free Trade for Steel?The Debate Continues

Chapter Six Financial Globalization

6.1 Definition，Driving Forces and Measurement

6.2 The International Capital Flows

6.3 Benefits of Financial Globalization

6.4 Risks of Financial Globalization

6.5 Multilateral Structure and Policymaking

Chapter Summary

Questions and Problems

Online Study

Case Study：Is Capital-Market Liberalization the Right Policy?

Chapter Seven Challenges to the Sustainable Development of the World Economy

7.1 Unbalanced Economic Development

7.2 World Population Challenge

7.3 Environmental Challenges and Economic Development

7.4 Pandemic Diseases

Chapter Summary

Questions and Problems

Online Study

Case Study：Global Climate Change and the Kyoto Protocol

Chapter Eight International Collaboration and Coordination

8.1 Correcting International Externalities via Multilateral Interventions

8.2 Protecting the Global Environment Through Multinational Efforts

8.3 International Policy Coordination

Chapter Summary

Questions and Problems

Online Study

Case Study：A French Judge Combats an International Externality

Chapter Nine Countries in the Globalized World Economy

9.1 The Division of Country Groups

9.2 Developed Countries and Their Economic Performance

9.3 Developing Countries'Economic Development Strategies in the Globalization Era

9.4 Economies in Transition

Chapter Summary

Questions and Problems

Online Study

Case Study：Lessons from Economic Transition in Russia and China

Chapter Ten China's Economic Reform and Its Integration into the World Economy

10.1 Development Strategy Before China's Economic Reform

10.2 China's Economic Reform and Integration into the World Economy

10.3 China's Economic Achievement and Its Development Strategy

Chapter Summary

Questions and Problems

Online Study

Case Study：An Example of Application of Comparative Advantage Strategy—Taiwan's Economic Development