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"International Economics is designed for a one-semester course covering both the trade and finance components of international economics. The Eighth Edition continues the approach of the first seven editions by offering a principles-level introduction to the core theories together with policy analysis and the institutional and historical contexts of international economic relations. My goal is to make economic reasoning about the international economy accessible to a diverse group of students, including both economics majors and nonmajors. My intention is to present the consensus of economic opinion, when one exists, and to describe the differences when one does not. In general, however, economists are more often in agreement than not."

"Since 1975 the leaders of the major western economies have gathered in annual summit meetings to try to agree a unified response to the main political and economic problems facing them. This book, first published in 1984, traces the development of the summit meetings and tries to assess their impact on western decision-making and international relations in general. The summits arose as the product of a serious crisis that shook the world economy in the early 1970s. They have been sustained because of the waning of the American hegemony that had supported the postwar international economic regime. From this it became vital for the leaders of the major economies to reassert collective leadership in order to try to re-establish a new world economic equilibrium."--Provided by publisher.

A number of recent developments have prompted a revival of interest in liberal theories of international relations, among them the spread of democratic institutions, economic liberalisation and the increasing significance of international institutions in many aspects of life. This paper argues that liberal international relations theory, overimpressed by developments such as these, risks becoming an apologia for a narrow version of liberalism currently promoted by Western governments. The challenge of rethinking the meaning of liberalism in a 'globalising' world characterised by extreme economic inequality, social upheavals and the reassertion of cultural differences—and the questions whether and how liberal values can at all be realised in such a world—have been left to political theorists, whose struggles with these issues attract little interest in an international relations discipline still largely committed to the idea of a purely empirical social science. The paper suggests that a different, 'critical' conception of liberalism offers a way of relating pressing liberal normative concerns to empirical research, instead of seeking to keep the two entirely separate. It presents a critique of current liberal international relations theory and outlines an alternative approach.