Description: Preface Section I: Issues in Trade and Protectionism 1. How Costly is Protectionism? Robert C. Feenstra 2. Toughest on the Poor: America's Flawed Tariff System Edward Gresser 3. Steel Policy: the Good, the Bad, and the Ugly Gary Clyde Hufbauer and Ben Goodrich 4. America's Bittersweet Sugar Policy Mark A. Groombridge 5. Using Sanctions to Fight Terrorism Gary Clyde Hufbauer, Jeffery J. Schott, and Barbara Oegg Section II: WTO, Trade Labor, and the Environment 6. The Doha Development Agenda Anne McGuirk 7. Bridging Trade-Environment Divide Daniel Esty 8. Labor Standards: Where do they belong on the International Trade Agenda? Drusilla Brown 9. Borders beyond Control Jagdish Bhagwati 10. Intellectual Property Rights and the WTO Philip G. King 11. Reducing America's Dependence on Foreign Oil Martin Feldstein Section III: Trade and Development; NAFTA 12. The Global Governance of Trade as if Development Really Mattered Dani Rodrik 13. Farm Fallicies that Hurt the Poor Kevin Watkins 14. Economic Developments During NAFTA's First Decade Joanna Moss Section IV: Globalization 15. Trading in Illusions Dani Rodrik 16. Five Wars of Globalization Moiss Nam 17. Spreading the Wealth David Dollar and Aart Kraay 18. The New Wave of Globalization and its Economic Effects The World Bank Section V: The Balance of Payments 19. What Drives Large Current Accounts Deficits? Cletus Coughlin and Patricia Pollard 20. Does the US Have a Current Account Deficit Disorder? William Poole Section VI: Exchange Rates and Macroeconomic Policy 21. The Structure of Foreign Exchange Markets Sam Cross 22. What Determines the Exchange Rate: Market Factors or Market Sentiment? Gregory P. Hopper 23. Fixed versus Floating Exchange Rates Peter Kenen 24. Exchange Rate Choices Richard Cooper 25. Does the Exchange Rate Regime Matter for Inflation and Growth? Atish R. Ghosh, Jonanthan Ostry, Anne-Marie Gulde, and Holger C. Wolf 26. Currency Boards Sharmila K. King 27. Dollarization as Monetary Arrangement for Emerging Market Economies Gaetano Antinolfi and Todd Keister Section VII: The Euro 28. EMU at 1 Mark A. Wynne 29. The Creation of the Euro and the Role of the Dollar in International Markets Patricia Pollard 30. European Labor Markets and EMU Challenges Ahead Rdiger Soltwedel, Dirk Dohse, & Michael T. Owyang Section VIII: Financial Crises 31. A Case Study of Currency Crisis: The Russian Default of 1998 Abbigail J. Chiodo & Michael T. Owyang 32. Learning from Argentina's Crisis Ramon Moreno 33. The Onset of the East Asian Financial Crisis Steven Radelet and Jeffery Sachs 34. Argentina's Currency Crisis: Lessons for Asia Mark Spiegel 35. Capital Controls and Emerging Markets Ramon Moreno Section IX: Restructuring the New World 36. Chapter 11 for Countries? Richard Cooper 37. The International Lender of Last Resort Jeffrey Sachs 38. Dirty Money

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