Synopsis International economics has emerged as a subject of crucial importance in the analysis of the process of development. In the emerging paradigms of international economic relations, domestic economic policies and international economic policies have strong interlinkages. The recent wave of economic reforms characterised by globalisation, liberalisation, privatisation and the emergence of a new trading system under WTO have all raised many new opportunities, as also many formidable challenges in the context of management of the economic development process and south-south cooperation. The process of globalisation, liberalisation and privatisation has also raised many conceptual issues, such as autonomy of decision making of the national governments, framework of economic governance, roles of the state, market and planning, and realising growth with equity and stability. The present volume on Contemporary International Economics by Dr. V.R. Panchamukhi is aimed at providing reflections on these and other related themes.