The 21st Century Economy: A Beginner's Guide

The 21st Century Economy: A Beginner's Guide

by Randy Charles Epping
     
 

ISBN-10: 0307387909

ISBN-13: 9780307387905

Pub. Date: 04/07/2009

Publisher: Knopf Doubleday Publishing Group

A comprehensive guide to understanding today's global economy from the author of the bestselling A Beginner's Guide to the World Economy.

While reporting on today's world, business and mainstream media alike use terms and mention trends that even the savviest consumer may find baffling. In his latest book, Randy Charles Epping uses compelling narratives

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Overview

A comprehensive guide to understanding today's global economy from the author of the bestselling A Beginner's Guide to the World Economy.

While reporting on today's world, business and mainstream media alike use terms and mention trends that even the savviest consumer may find baffling. In his latest book, Randy Charles Epping uses compelling narratives and insightful analogies to clearly and concisely explain the rapidly changing way business is done in the twenty-first century, without a single chart or graph.

Epping defines key ideas and commonly used words and phrases like:

• Carbon footprint
• WTO
• Economy of scale
• NAFTA
• Outsourcing

Epping also illustrates how central banks help navigate global crises and drive the global economy, discusses the benefits of Green Economics, shows how trade wars can be avoided, and explains the virtual economy, where multimillion dollar transactions take place in the blink of an eye.

Complete with 89 easy-to-master tools for surviving and thriving in the new global marketplace and an extensive glossary, The 21st Century Economy—A Beginner's Guide is essential reading for anyone interested in understanding the complex economy of the world in which we live.

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Product Details

ISBN-13:
9780307387905
Publisher:
Knopf Doubleday Publishing Group
Publication date:
04/07/2009
Edition description:
Original
Pages:
336
Sales rank:
299,523
Product dimensions:
5.20(w) x 8.00(h) x 0.72(d)

Table of Contents

Introduction ix

Maps xiii

1 What Is the Fusion Economy? 3

2 What Is Macroeconomics? 12

3 Central Banks and Global Crises-Who Really Controls the Global Economy? 20

4 Free Trade or Isolationism-How Can Trade Wars Be Avoided in the 21st Century? 43

5 Money, Money, Money-How Do Currencies Work in the New Global Economy? 63

6 Rage Against the Machine-Why the Big Fuss over Globalization? 78

7 What Is the Virtual Economy? 87

8 Getting Our Share-How Do We Invest in the New Global Economy? 99

9 Winners and Losers-How Do We Compare Investments in the 21st-Century Economy? 126

10 Private Equity and Public Good-Who Really Controls the Companies of the World? 132

11 Corporate Governance and Corporate Greed-How Are Businesses Managed in the 21st-Century Economy? 143

12 Hedge Funds and Derivative Traders-The Wild Cards of the New Global Economy? 154

13 Income Gaps and Development-What Can Be Done to Eliminate Poverty in the 21st Century? 166

14 Drugs, Slavery, and Shady Deals-The Illegal Economy of the 21st Century 181

15 What Is the Best Economic System for the 21st Century? 198

16 Outsourcing and Immigration-How Have Demographics Transformed the World Economy? 205

17 What Is the Green Economy? 214

18 Health, Development, and Global Pandemics-How Has Public Health Become a Major Factor in the Global Economy? 229

Epilogue 239

Glossary 243

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