Understanding the World Economy / Edition 4

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Understanding the World Economy gives an up-to-date account of how the world economy is changing. The text follows themes from one side of the world to the other, examining the economic forces at work and the impact they have on us. Looking forward to the new century, the book argues that as trade and finance become increasingly globalised a worldwide perspective will become vital to economists. Key theories are illustrated in contemporary real-world settings and explained in jargon-free, non-technical language. The book will give a comprehensive introduction to students new to the subject whose interest goes beyond their own national economy.
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Editorial Reviews

An account of how the world economy is changing. Argues that as trade and finance become increasingly globalized, a worldwide perspective will become vital to economists. The range of topics covered includes international trade and finance, economic development and growth, foreign debt, environmental economics, exchange rates, and currency union. Annotation c. by Book News, Inc., Portland, Or.
From the Publisher
'Students would probably depend rather heavily on a short, approachable text like this.' - Ivan Weir, University of Newcastle, UK
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Product Details

  • ISBN-13: 9780415681308
  • Publisher: Taylor & Francis
  • Publication date: 1/15/2013
  • Edition description: Revised
  • Edition number: 4
  • Pages: 304
  • Product dimensions: 6.20 (w) x 9.30 (h) x 0.90 (d)

Meet the Author

Tony Cleaver is Visiting Lecturer at the Universidad de los Andes and at Universidad Nacional in Bogotá, Colombia. He is the author of Economics: The Basics, also published by Routledge.

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Table of Contents

Prefrace to the second edition
Introduction 1
1 Command, market and mixed economies 9
2 The transition economies 32
3 Microeconomics and macroeconomics 53
4 Unemployment and inflation 68
5 Free trade, regional agreements and strategic policies 91
6 Customs unions and common markets 108
7 Money, banking and international finance 125
8 Exchange rates and currency union 144
9 The economics of oil 168
10 Foreign debt, financial crises and international policemen 192
11 Development, growth and Asian dragons 209
12 Environmental economics: sustaining spaceship earth 236
Conclusion: into the twenty-first century 256
Index 262
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