Placing international economics within an historical framework, this text focuses on policy. To help students appreciate the relevance of theory to world economics, there are applications taken from real economic situations, while the data has been updated to reflect current information. This edition explores the role of trade in job and wage trends since 1980, and also addresses NAFTA and China’s opening to trade.This classic text has remained a market leader for over 30 years because it covers all the conventional areas of international economics in an easy-to-understand manner. The 11th edition has been thoroughly revised and it continues to be accessible, flexible, and interesting to economics and business majors alike. Like earlier editions, it also places international economics events within an historical framework. The overall treatment continues to be intuitive rather than mathematical and is strongly oriented towards policy. Peter Lindert was recently awarded the University of California-Davis Prize for Undergraduate Teaching and Scholarly Achievement.