Table of Contents

I Trade and The Global Economy; 1. Postponing Global Adjustment: An Analysis of the Pending Adjustment of Global Imbalances; - Edwin M. Truman; 2. The US Trade Deficit: A Disaggregated Perspective; - Catherine L. Mann, and Katharina Pluck; 3. Predicting Trade Expansion under FTAs and Multilateral Agreements; - Dean A. DeRosa, and John P. Gilbert; 4. Affinity and International Trade; - Marcus Noland; II Outsourcing; 5. Outsourcing and Offshoring: Pushing the European Model Over the Hill, Rather Than Off the Cliff!; - Jacob Funk Kirkegaard; 6. Importers, Exporters, and Multinationals: A Portrait of Firms in the U.S. that Trade Goods; - Andrew B. Bernard, J. Bradford Jensen, and Peter K. Schott; 7. Tradable Services: Understanding the Scope and Impact of Services Offshoring; - J. Bradford Jensen and Lori G. Kletzer; III Asia; 8. Prospects for Regional Free Trade in Asia; - Gary Clyde Hufbauer and Yee Wong; 9. China's Role in the Revived Bretton Woods System: A Case of Mistaken Identity; - Morris Goldstein, and Nicholas R. Lardy; 10. South Korea's Experience with International Capital Flows; - Marcus Noland; IV The Middle East; 11. Explaining Middle Eastern Authoritarianism; - Marcus Noland; 12. Egypt after the Multi-Fiber Arrangement: Global Apparel and Textile Supply Chains as a Route for Industrial Upgrading; - Dan Magder.