Advantages: Simple, comprehensible presentation of the most important theories and ideas on foreign trade and globalization. Treatment of current topics such as land grabbing, social migration, speculation with raw materials, European Monetary Union, TTIP, and child labour. The author has a broad impact, having received the German Financial Book Award in 2013, the German Journalist Award in the category "Asset Management," and the AM Generali Invest Journalist Award. The work "Globalization" is celebrated as both a saviour and a spectre—what does it mean for states, companies, and citizens? This book helps to understand the phenomenon of globalization and foreign trade. In the first part of the book, following a brief overview of globalization, traditional theories of foreign trade (Ricardo, Heckscher-Ohlin) as well as modern theories (e.g., economies of scale, production, and distribution) are discussed.