The book provides theoretical and empirical evidence on how world trade evolves, how trade affects resource allocation, how trade competition affects productivity, how China shock affects world trade and how trade affects large and small countries. It is a useful reference which focuses on new approaches to international trade by looking into country-specific as well as firm-product level-specific cases. “The Open Access version of this book, available at http://www.taylorfrancis.com/books/10.4324/9781351061544, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.” ‘ All in all, the book provides cutting- edge methodologies by prominent names in international trade to answer important issues in globalisation. While the book can be quite technical for laypeople, for trade economists this book is simply a must-have. ’ ─ Asian-Pacific Economic Literature, Vol. 34, Issue 1, 2020 Lili Yan Ing is Lead Advisor, the Ministry of Trade of the Republic of Indonesia. She was Senior Economist at the Economic Research Institute of ASEAN and East Asia (ERIA) and Senior Lecturer at the University of Indonesia. Miaojie Yu is Boya Chair Professor at Peking University, China, National Chang-jiang Scholar and National Distinguished Young Fellow.