4th Edition

Global Economic Issues and Policies

    584 Pages 91 B/W Illustrations
    by Routledge

    584 Pages 91 B/W Illustrations
    by Routledge

    This introduction to all aspects of international economics, business and finance is the clearest guide available to the economics of the world we live in. Written in a highly engaging style, packed full of up-to-the minute, real-world case studies and pitched at introductory level, the book does an expert job of drawing students in and will leave them equipped with a comprehensive toolkit of methods and essential facts.


    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
    • Balance of Payments Accounting
    • Unconventional Central Bank Policies
    • Territorial versus Worldwide Taxation and "Tax Inversions"
    • The role of Foreign Exchange Markets and Exchange-Rate Arrangements
    • Public Policy Issues in International Money and Finance


    The text is suitable for any introductory module in international economics and business, whether taught as part of an economics, business or international studies program. It is also the ideal MBA level introduction to the global economy.

    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?


    Joseph P. Daniels received his Ph.D. in International Finance and Trade from Indiana University in 1992 and has been a faculty member at Marquette University, USA, since that time. In 1997 he served as a Fulbright
    Scholar in the international affairs program at the University of Toronto and continues as a member of the G8 and G20 Research Groups at the University of Toronto.

    David D. VanHoose earned his Ph.D. at the University of North Carolina at Chapel Hill and is currently the Herman W. Lay Professor of Private Enterprise at the Hankamer School of Business at Baylor University, USA.