This book is designed primarily to help readers broaden their knowledge of global issues, gain insight into their country's situation in a global context, and understand the problems of economics development-both national and global. Because development is a comprehensive process involving economic as well as social and environmental changes, this book takes an interdisciplinary approach. It is hoped that the present book on International Economics helps both the students as well as the teachers of Indian Universities. This publication is intended primarily as a textbook of International Economics for BA, B.com, B.B.A, M.Com and M.B.A students.