Demonstrate the relevance of theory to economic issues and policy questions using contemporary examples and practical applications in this best-selling title. This edition remains a favorite among students and instructors for its clear, streamlined treatment of international trade and finance theory. In addition to the latest theoretical developments and updated applications, this edition addresses the economic impact of sanctions imposed against Russia, the industrial policy of President Biden, the impact of Bitcoin on the reserve currency status of the U.S. and the impact of AI on workers. Discussions make the content understandable, even for students with little economics background. Organized around five global economic and trade themes, this book is ideal for a variety of courses. A support package reinforces the clear, concise and contemporary approach found only with Carbaugh.
