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Table of Contents
About the Author
	Chapter 1 A Second Wave of 
		1.1 The First Wave
		1.2 The Second Wave
		1.3 Crisis, Peak Oil, Pirates-and De-Globalization?
		1.4 The Forces at Work
	Chapter 2 Should Nigeria Strive for
Self-Sufficiency in Food?
		2.1 A Presidential Agenda
		2.2 The Comparative Advantage Argument Formalized: Introducing the Ricardian Model
		2.3 Autarky in the Ricardian Model
		2.4 Free Trade in the Ricardian Model
		2.5 So What Actually Happened?
		2.6 Additional Insights from Ricardo's Model
	Chapter 3 Why Do Americans Get Their
Impalas from Canada?
		3.1 Impalas on the Horizon
		3.2 Increasing Returns More Generally
		3.3 How to Tackle Europe: Trade versus FDI
		3.4 On a Smaller Scale: Trade and Increasing Returnsin Furniture
		3.5 Adding Heterogeneity: The Melitz Effect
	Chapter 4 Trade and Large 
Corporations: Kodak 
versus Fuji
		4.1 Big Players in the Game of Trade
		4.2 Background on Kodak, Fuji, and the War
		4.3 Introducing Oligopoly
		4.4 Autarky
		4.5 Trade
		4.6 Winners and Losers
		4.7 Some Other Possibilities
Part II: Politics and Policy in the World Economy
	Chapter 5 Why Did the North Want a 
Tariff, and Why Did the South 
Call It an Abomination?
		5.1 A Cold War before the Hot War
		5.2 A Pure Specific-Factors Model
		5.3 The Tariff
		5.4 A Constitutional Error, and the Lerner Symmetry Theorem
		5.5 A Mixed Model
		5.6 Specific Factors in Trade More Generally
	Chapter 6 Is Free Trade a Rip-off for
American Workers?
		6.1 The Charges
		6.2 The Model with Fixed Coefficients
		6.3 Supply, Demand, and Equilibrium
		6.4 Trade and the Distribution of Income
		6.5 Allowing Substitutability-andthe Telltale Signs
		6.6 Testing the Theory
		6. 7 The Upshot-with an Important Qualification
	Chapter 7 Why Doesn't Our
Government Want Us
to Import Sugar?
		7 .1 Sinking Lifesavers
		7.2 Hypothesis I: The Terms-of-Trade Motive
		7 .3 Hypothesis II: Interest Groups
		7.4 Additional Observations
	Chapter 8 Who Are the wro, and
What Do They Have
Against Dolphins?
		8.1 The Dolphin Fiasco and Other Stories
		8.2 The Trade War Problem and the Needfor Coordination in Trade Policy
		8.3 Problem: In an Interconnected World,All Policies Are Trade Policies
		8.4 The Sham Problem
		8.5 The WTO's Wobbly Tightrope Walk
	Chapter 9 Should Developing-Country 
Governments Use Tariffs 
to Jump-start Growth?
		9.1 A Silver Bullet?
		9.2 The Infant-Industry Argument: Background
		9.3 Learning by Doing: An InsufficientArgument
		9.4 Market-Failure Arguments forInfant-Industry Protection
		9.5 What Has Actually Happened?
	Chapter 10 Was Ronald Reagan Punked by Japanese Automakers?AUTOMAKERS?
		10.1 A Paradox of Aggressive Trade Policy
		10.2 A First Attempt: A Competitive Model
		10.3 Does a Cournot Interpretation Work?
		10.4 Trying on a Bertrand Model
		10.5 A Closer Look: Trade Policywith Cournot Oligopoly
		10.6 Trade Policy with Bertrand Oligopoly
Part III: Current Controversies
	Chapter 11 Should the iPod Be Made 
in the United States?
		11.1 Made All Over
		11.2 Offshoring and Inequality:The Feenstra-Hanson Theory
		11.3 Offshoring and Productivity: An Alternative Model
		11.4 How Do These Theories StandUp to the Data?
		11.5 Another Approach: Evidence fromAggregate Employment
		11.6 A Bottom Line, Open Questions,and the Obama Critique
	Chapter 12 Should We Build a Border
		12.1 Calls for a Crackdown, and Callsfor Compassion
		12.2 Three Theories, and One ThingThey Agree On
		12.3 Three Key Pieces of Evidence
		12.4 The Upshot
	Chapter 13 Trade and the Environment:
Is Globalization Green?
		13.1 A Disaster on a Global Scale?
		13.2 Two Theories (but One Model)
		13.3 The Evidence
	Chapter 14 Sweatshops and Child Labor: Globalization and 1
Human Rights
		14.1 Globalization and Child Labor
		14.2 Sweatshops and Multinationals
		14.3 Globalization and Human RightsMore Generally
		14.4 Conclusion: Getting the Globalization You Want
	Chapter 15 Is NAFTA a Betrayal of the
Poor or a Path to Prosperity?
		15.1 A Competition: Who Hates NAFTA the Most?
		15.2 Preferential Trade Agreements: Background and Key Principles
		15.3 The Classic Trade-off: Trade Creationand Trade Diversion
		15.4 Distributional Concerns
		15.5 The Notorious Chapter 11
		15.6 Some Issues That Affect PTAsMore Broadly
		15. 7 Conclusion
Part IV: Macroeconomic Aspects of Globalization
	Chapter 16 Is the Trade Deficit
a Time Bomb?
		16.1 Not a Subtle Change
		16.2 What Is a Trade Deficit?
		16.3 Why Would a Country Runa Trade Deficit?
		16.4 Can the Trade Deficit Ever Bea Problem?
	Chapter 17 Trade and Exchange Rates:
Is the Renminbi the Culprit?
		17.1 The Ultimatum
		17.2 Basic Facts about Foreign-Exchange Markets
		17.3 A Dynamic, General-Equilibrium Modelof Exchange-Rate Determination
		17.4 Equilibrium Responses
		17.5 Adding Nominal Rigidity

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