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[/usemoney] Chapter I CURRENT ISSUES IN THE WORLD ECONOMY A. Introduction B. The world economy: growth performance and prospects C. The global imbalances and the United States current-account deficit D. Oil price hikes in perspective. E. Rapid growth in China and India and the profit-investment nexus Chapter II INCOME GROWTH AND SHIFTING TRADE PATTERNS IN ASIA A. Introduction B. Evolving demand and trade patterns in Asia: a comparative perspective C. Domestic resource constraints and the balance-of-payments constraint D. World market shares and prices Chapter III EVOLUTION IN THE TERMS OF TRADE AND ITS IMPACT ON DEVELOPING COUNTRIES A. Introduction B. The terms-of-trade problem revisited C. Recent trends in the terms of trade D. Effects of terms-of-trade changes on domestic income E. The distribution of gains or losses from terms of trade F. The distribution of export income and rent from extractive industries Chapter IV TOWARDS A NEW FORM OF GLOBAL INTERDEPENDENCE A. Introduction B. The growing importance of developing countries in global markets C. Shifts in the composition of developing-country exports D. What has changed? An assessment E. Policies for managing the new forms of global interdependence