Originally published in Swedish under title: Internationell ekonomi.

Includes bibliographical references (pages 682-698) and indexes.

The Basic Geometry of Comparative Advantage and the Gains from Trade -- The Classical Model and the Specific Factors Model -- The Heckscher-Ohlin Model -- Technology Difference Models -- The Gains from Inter-Industry Trade, the Distribution of Income and Adjustment -- Empirical Testing of Theories of Inter-Industry Trade -- Factor Accumulation and Technological Progress in Inter-Industry Trade -- Intra-Industry Trade -- Empirical Work in Intra-Industry Trade -- The Partial Equilibrium Analysis of Trade Policy -- The General Equilibrium Analysis of Trade Policy -- Trade Policy and Distortions in Domestic Markets -- Trade Policy and Imperfect Competition -- Further Topics in Trade Theory and Policy -- The Political Economy of Protection -- The Theory of Customs Unions -- The General Agreement on Tariffs and Trade -- Trade Policy and the Less-Developed Countries -- Import-Substitution Versus Export-Promotion -- Empirical Studies in Trade Policy -- International Factor Movements -- Direct Investment and the Multinational Enterprise -- The Balance of Payments -- The Market for Foreign Exchange -- Foreign Trade and National Income -- The Capital Account -- The Determination of a Floating Exchange Rate -- Macroeconomic Policy with Floating Exchange Rates -- Macroeconomic Policy with Fixed and Pegged Exchange Rates -- Two Debates:Exchange Rate Systems and Policy Co-ordination -- The International Monetary System.

This revised edition of this text contains comprehensive treatment of the theoretical and practical aspects of the subject applied to both developed and less-developed countries. It has been substantially re-written and updated to incorporate new methods of analysis and recent empirical work.