Inside the Global Economy

By Andrew Vonnegut

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.

PrefaceAcknowledgmentsIntroductionSection I: The Global Economic SystemChapter 1: National Economies ComparedChapter 2: Participants and IncentivesChapter 3: Central banks, Interest Rates and MoneyChapter 4: Domestic Policies and Global RepercussionsChapter 5: Global Trade and TrendsChapter 6: International Payments and ExchangeChapter 7: Investor Decisions, Moving EconomiesChapter 8: Economic GrowthPart II: Big Shift Cases and Scenarios for the FutureIntroduction to Part IIChapter 9: Demographic ShiftsChapter 10: Ecological ChangeChapter 11: Income and Wealth InequalityChapter 12: IT: Virtualization, Artificial Intelligence, and RoboticsChapter 13: Emerging Markets GrowthAppendix: Economics¿ Struggle with MethodologyGlossaryBibliographyIndexAbout the Author