As globalization continues apace, market segmentations are diminishing, distance is shrinking and the boundaries between nation states are becoming increasingly blurred. National ecomies are closely interlinked through manychannels and we rarely view things from a single country's view, adopting a global perspective instead. It is therefore imperative to understand how the world ecomy functions. This book utilizes up to date empirical evidence to illuminate the mechanics of the world as a single entity. The author explores the properties of the world ecomy, the diverse mechanisms of interdependence, shocks and disturbances, ecomic processes and structures, and the institutional arrangements that guide these processes. Key topics covered include: * world GDP, growth and global product and factor markets * China as a new global player * the roots and impact of financial and currency crises * the performance of the developing countries over time (which have gained, which have lost?) * conflicts between the national interest and global concerns (protectionism, locational competition for mobile factors of production, environmental issues) * the institutional arrangements for the world ecomy (IMF, WTO). The World Ecomy: A Global Analysis will be essential reading for students studying the world ecomy from the perspective of ecomics, finance, business and politics.
Taylor & Francis Ltd
Date of Publication
Economics: Textbooks & Study Guides
Routledge Studies in the Modern World Economy
Place of Publication
Country of Publication
36 black & white tables, 123 black & white line drawings