Global Economic Issues and Policies, 3rd ed.


Global Economic Issues and Policies, 3rd ed.



This introduction to all aspects of international economics, public policy, business, and finance is the clearest guide available to the economics of the world we live in. Written in a highly engaging style, packed full of up-to-the minute, real-world case studies and pitched at an introductory level, the book does an expert job of drawing students in and will leave them equipped with a comprehensive toolkit of methods and essential facts. Covering the wide range of economic issues and policies generated by globalization, the text provides an introduction to the topic that emphasizes facts as well as theories, presenting all new economic concepts clearly and in detail.

This third edition reflects continuing developments in the world economy and in the analysis of international economics. Chapter introductions, pedagogy and data have all been thoroughly updated throughout, and key topics for expansion and revision include:

* Free Trade versus Fair Trade

* Bilateral and Multilateral Treaties

* International Outsourcing

* Public Perceptions of International Trade

* The Trilemma Issue

* Business-Cycle Synchronization

* Central Bank Emergency Tools

* Sovereign-Debt Problems

This text is suitable for any introductory module in international economics, public policy, and business, whether taught as part of an economics, public policy, business, or international studies program. It is also the ideal MBA level introduction to the global economy.



Publication Date





Abingdon, Oxon


Table of Contents

Unit One: Introduction to the Global Economy

1. Understanding the Global Economy

2. Comparative Advantage: How Nations Can Gain from International Trade

Unit Two: International Trade: Enduring Issues

3. Sources of Comparative Advantage

4. Regulating International Trade: Trade Policies and their Effects

5. Regionalism and Multilateralism

Unit Three: International Finance: Enduring Issues

6. Balance of Payments and Foreign Exchange Markets

7. Exchange Rate Systems: Past to Present

8. The Power of Arbitrage: Purchasing Power and Interest Rate Parities

9. Global Money and Banking: Where Central Banks Fit into the World Economy

Unit Four: Contemporary Global Economic Policies and Issues

10. Contemporary Global Economic Issues and Policies

11. Economic Development

12. Industrial Structure and Trade in the Global Economy: Businesses without Borders

13. The Public Sector in the Global Economy

14. Dealing with Financial Crises: Does the World Need a New International Financial Architecture

Global Economic Issues and Policies, 3rd ed.