Krugman has a rare ability to summarise key insights from economic theory, supporting them with powerful real-world examples, in order to make a profound impression on the reader. As an undergraduate economist myself, I found the first half of the book, in which Krugman recalls basic trade theory (that he shows to have been neglected by so many prominent commentators), a little repetitive, but the second half, in which he covers pressing current issues such as localisation of economies and myths of the Asian economic miracle, was an absolute revelation in clarity and foresight. A must for anyone interested in learning why the conventional wisdom on international trade is so often misplaced.