After the end of World War II, the United States, by far the dominant economic and military power at that time, joined with the surviving capitalist democracies to create an unprecedented institutional framework. By the 1980s many contended that these institutions--the General Agreement on...

The United States in a global economy -- International economic institutions since World War II -- Comparative advantage and the gains from trade -- Comparative advantage and factor endowments -- Beyond comparative advantage -- The theory of tariffs and quotas -- Commercial policy --...