The Global Economy

This engaging and accessible book is a must—read for every economics student. It explores what the global economy is, how it developed and how it operates today, and why certain aspects of it have become controversial.

The global economy represents the combined economic output of all countries on Earth and in 2020 was estimated at around $80 trillion. While globalization has made it possible for greater economic interaction between nations and rapid growth on a worldwide scale, many have arg...