Understanding the World Economy

Economic principles can sometimes seem inaccessible. This text is designed to help the non-specialist understand - in the context of global change - why economic principles are important and how they are driving events. The book is extremely user-friendly. As well as diagrams, questions and summaries, key theories are illustrated in contemporary settings and explained in jargon-free, non-technical language. The book will be particularly useful to those who are new to economics and whose interest goes beyond the national economy.

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Table of contents : 1. Command, Market and Mixed Economies 2. Eastern European Economic Transition 3. Micro-economics and macro-economics 4. Unemployment and inflation 5. Free trade, regional agreements and strategic policies 6. Customs unions and common markets 7. Money, banking and international finance 8. Exchange rates and currency union 9. Economics and oil 10. Foreign debt, western banks and international policemen 11. Development, growth and Asian dragons 12. Environmental economics: sustaining spaceship earth Conclusion: into the twenty first-century