"China's New Silk Road initiative constitutes one of the most ambitious projects in recent decades designed to change the pattern of the global economic division of labour as well as the geostrategic balance of power. It has the potential to create a new fabric of industrial value creation that...

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 --...