Inside the Global Economy: A Practical Guide

by Andrew Vonnegut

Overview

This comprehensive and informed text offers a practical introduction to the workings of the global economy. Drawing on his hands-on experience in international finance and economic policy, Andrew Vonnegut clearly explains economic concepts and illustrates them with cogent case studies. He describes the global economy by combining principles of economics with investment finance, decision theory, economic history, behavioral psychology, and accounting. Within a rigorous framework that sheds light on the reasons behind international economic events and trends, he brings the people, institutions, incentives, and money flows of the global economy to life.
Oriented toward professionals and students, working or intending to work in the global economy, this book fills an important void. It will be invaluable for practitioners in business, investment finance, public policy, consulting, global studies, and journalism. Providing the tools needed to understand international economics, Vonnegut enlightens readers on the people, behaviors, and institutions behind trade and investment flows in today’s globalized economies, and how they all contribute to the volatile and dynamic world we are experiencing.

Product Details

ISBN-13:	9781442277281
Publisher:	Bloomsbury Academic
Publication date:	09/11/2017
Pages:	332
Product dimensions:	6.00(w) x 9.00(h) x 0.88(d)
Age Range:	18 Years

About the Author

Andrew Vonnegut teaches global economics at the University of California, Santa Barbara, advises on economics and finance, and owns a small manufacturing company. He has a PhD in applied economics and statistics and twenty years of international economic experience, including working in emerging markets finance, the United States Agency for International Development, and the international consulting firms Booz Allen Hamilton and Booz & Company.

Table of Contents

Preface

Acknowledgments

Introduction

Section I: The Global Economic System

Chapter 1: National Economies Compared

Chapter 2: Participants and Incentives

Chapter 3: Central banks, Interest Rates and Money

Chapter 4: Domestic Policies and Global Repercussions

Chapter 5: Global Trade and Trends

Chapter 6: International Payments and Exchange

Chapter 7: Investor Decisions, Moving Economies

Chapter 8: Economic Growth

Part II: Big Shift Cases and Scenarios for the Future

Introduction to Part II

Chapter 9: Demographic Shifts

Chapter 10: Ecological Change

Chapter 11: Income and Wealth Inequality

Chapter 12: IT: Virtualization, Artificial Intelligence, and Robotics

Chapter 13: Emerging Markets Growth

Appendix: Economics’ Struggle with Methodology

Glossary

Bibliography

Index

About the Author

Editorial Reviews

Andrew Vonnegut brings a fresh perspective and accessible examples to a topic often dominated by dry and outdated theories. Inside the Global Economy offers a practical approach to understanding economics in a readable and relevant style that will resonate with students of international economics and international business.

Vivian Faustino-Pulliam

"Since the financial crisis, we have all been stuttering through economics and finance. Thanks to Andrew Vonnegut's excellent new book, we will all be more fluent in the language that shapes our world."

Parag Khanna

Since the financial crisis, we have all been stuttering through economics and finance. Thanks to Andrew Vonnegut's excellent new book, we will all be more fluent in the language that shapes our world.” —Parag Khanna, National University of Singapore, author of Connectography: Mapping the Future of Global Civilization

“Andrew Vonnegut brings a fresh perspective and accessible examples to a topic often dominated by dry and outdated theories. Inside the Global Economy offers a practical approach to understanding economics in a readable and relevant style that will resonate with students of international economics and international business.” —Vivian Faustino-Pulliam, University of San Francisco

“The increasing complexity of modern economics leaves many theorists and practitioners alike scrambling to explain—often unsuccessfully—globalization's latest twists. Andrew Vonnegut’s Inside the Global Economy is a healthy antidote to this confusion. Billed as 'a practical guide,' the book offers straightforward analysis of contemporary economic phenomena. In a world where instability has become the norm and Black Swans hover like vultures, his combination of theory and practice will resonate with serious students of the subject, whether they be in the classroom or boardroom.” —Riad al Khouri, director, Middle East, GeoEconomica

“Vonnegut gives readers an informative and easy-to-follow guide to understanding the fundamentals of how the international economy works and then addresses some of the critical economic issues that we will all need to face in the near future.” —Daniel Schydlowsky, Harvard Kennedy School

From the Publisher

Vonnegut gives readers an informative and easy-to-follow guide to understanding the fundamentals of how the international economy works and then addresses some of the critical economic issues that we will all need to face in the near future.

Daniel Schydlowsky

The increasing complexity of modern economics leaves many theorists and practitioners alike scrambling to explain—often unsuccessfully—globalization's latest twists. Andrew Vonnegut’s Inside the Global Economy is a healthy antidote to this confusion. Billed as 'a practical guide,' the book offers straightforward analysis of contemporary economic phenomena. In a world where instability has become the norm and Black Swans hover like vultures, his combination of theory and practice will resonate with serious students of the subject, whether they be in the classroom or boardroom.

Riad al Khouri