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1. Introduction
2. Tools and tricks of the trade, Part I. Duality theory: 3. The trade policy debate
4. Tools and tricks of the trade, Part II. Linear differential equations and dynamic optimization
5. Underemployment, underinvestment and optimal trade policy
6. Liberalization and the transition problem, Part I. Transitory unemployment
7. Tools and tricks of the trade, Part III. The dynamics of temporary shocks
8. Liberalization and the transition problem, Part II. Credibility and the balance of payments
9. Direct foreign investment, economic development, and welfare
10. Suggestions for future research.