The tremendous growth of international trade over the past several decades has both affected and been affected by of globalization. The volume of world trade since 1950 has increased twenty-folds-from $320 billion to $6.8 trillion, which exceeds expansion in the rate of production by three times. As a result, consumers around the world now enjoy a broader selection of products than ever before. A host of U.S. government agencies and international institutions has been established to help manage this ever-growing flow of trade. Although increased international trade has spurred tremendous economic growth across the globe-raising incomes, creating jobs, reducing prices, and increasing workers' earning power-trade can also bring about certain kinds of economic, political, and social disruption. "Insights for Students into Trade and Globalization": (1) Examines the fundamental economic principles behind international trade; (2) Familiarizes readers with the associated technical terminology; and (3) Offers insights into some of the controversies surrounding international trade policy both in the U.S. and abroad. This book is excellent supplemental material for students in grades 9-14 in world history, culture studies, and economics classes. The book is divided into three chapters: (1) The Economics of International Trade; (2) Government Regulation of Trade; and (3) Liberalization: The "Deregulation" of International Trade. Also included in the book are a list of figures and tables; an introduction; glossary; select bibliography; and information about the authors. (Contains 4 figures and 4 tables.) ["Insights for Students into Trade and Globalization" was co-published with the American Forum for Global Education.]