This volume brings together new scholarly research in important aspects of international economics. The unifying theme is that each chapter is devoted to a fresh analysis of a problem in international economics that had earlier received cogent and prescient attention by Professor Robert Stern of the University of Michigan, one of the major figures in international economic research in the second half of this century. Each chapter looks at a significant issue in international trade or finance, including determinants of comparative advantage, the effects of trade restrictions and the importance of trade liberalization, aspects of international trade institutions, and monetary policy in integrated markets. Professional international economists will find much worth reading in the volume. It also is relevant to scholars of international relations and international organizations, as well as political scientists and government policy analysts.