Global Economic Issues and Policies

Now in its fourth edition, Global Economic Issues and Policies reflects continuing changes in the world economy and in the analysis of international economics. Chapter introductions, pedagogy and data have all been thoroughly updated throughout, including the addition of a new 'Issues & Policies Notebook' feature. Key topics for expansion and revision include: Evolution of Comparative Advantage; Import Quotas and Subsidies; Services in Regional and Multilateral Trade Agreements; Unconventional Central Bank Policies; Territorial versus Worldwide Taxation and "Tax Inversions"; The role of Foreign Exchange Markets and Exchange-Rate Arrangements.

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 Interets 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?