International Trade

I.   "The Battle of Seattle"

II.  Theories, Ideologies, and Globalization

A.  Realism and Mercantilism

B.  Liberalism

1.  Core Beliefs

2.  Free Trade

C.  Globalization

1.  Definition and Competing Theories

III. International Markets

A.  Patterns of Trade

B.  Comparative Advantage

C.  Prices and the Role of Markets

1.  Market Competition

2.  Diffusion of Power

D.  Centrally Planned Economies

1.  Command Economy

2.  Transition to Market Economies

E.  Balance of Trade

1.  Are Trade Deficits Bad?