Chapter 10

The International Trade and Capital Flows

1. —Introduction
2. 10.1Measuring Trade Balances
3. 10.2Trade Balances in Historical and International Context
4. 10.3Trade Balances and Flows of Financial Capital
5. 10.4The National Saving and Investment Identity
6. 10.5The Pros and Cons of Trade Deficits and Surpluses
7. 10.6The Difference between Level of Trade and the Trade Balance
8. —Key Concepts and Summary