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...M krug se c qxd pm page chapter introduction ou could say that the study of international trade and nance is where discipline economics as we know it began historians economic ythought often describe essay balance by scottish philosopher david hume rst real exposition an model published his in almost years before friend adam smith wealth nations debates over british policy early th century did much to convert from a discursive informal eld oriented subject has been ever since yet never important now st are more closely linked through goods services ows money investment each other s economies than global economy created these linkages turbu lent place both makers business leaders every country including united states must pay attention what sometimes rapidly chang ing fortunes halfway around world look at some basic statistics gives us sense unprecedented importance relations figure shows levels u exports imports shares gross domestic product most obvious feature gure long term upward t...