P.J. LLOYD is the Ritchie Professor of Economics at the University of Melbourne, Australia. He is author (with Herbert Grubel) of Intra-Industry Trade: The Theory and Measurement of International Trade in Differentiated Products. - HYUN-HOON LEE is Professor of International Economics at Kangwon National University, South Korea.

• List of Tables List of Figures Acknowledgements Notes on the Contributors Introduction; P.J.Lloyd & H.H.Lee PART I: DEVELOPMENT OF INTRA-INDUSTRY THEORY AND MEASUREMENT Controversies Concerning Intra-Industry Trade; P.J.Lloyd PART II: MODELS OF INTRA-INDUSTRY TRADE Horizontal Intra-Industry Trade and the Growth of International Trade; N.Schmitt & Z.Yu Intra-Industry Trade in Homogeneous Products; D.M.Bernhofen Fragmentation and Intra-Industry Trade; R.W.Jones, H.Kierzkowski & G.Leonard The Geography of Intra-Industry Trade; M.Amiti & A.J.Venables PART III: EMPIRICAL STUDIES AND POLICY ISSUES OF INTRA-INDUSTRY TRADE Marginal Intra-Industry Trade: Towards a Measure of Non-Disruptive Trade Expansion; M.Brülhart Long-term Trends in Intra-Industry Trade; L.Fontagné & M.Freudenberg Intra-Industry Trade in Services; H.H.Lee & P.J.Lloyd Intra-Industry Trade and the C-H-O model: Evidence and Labour Market Adjustments; D.Greenaway & C.Milner PART III: INTRA-INDUSTRY TRADE, AFFILIATE PRODUCTION AND FDI A Unified Approach to Intra-Industry Trade and Direct Foreign Investment; J.R.Markusen & K.E.Maskus Factor Endowments and Intra-Industry Affiliate Production by Multinational Enterprises; K.Ekholm Globalization and Intra-Firm Trade: Further Evidence; K.Fukasaku & F.Kimura Intra-Industry Trade in Assets; H.Grubel Index