Beschreibung:
This comprehensive and informed text offers a clear and pragmatic introduction to the workings of the global economy. Vonnegut explains economic concepts and illustrates them with cogent case studies. He enlightens readers on the people, behaviors, and institutions behind international trade and investment flows in today’s globalized economies.
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.
Preface
Acknowledgments
Introduction
Section I: The Global Economic System
Chapter 1: National Economies Compared
Chapter 2: Participants and Incentives
Chapter 3: Central banks, Interest Rates and Money
Chapter 4: Domestic Policies and Global Repercussions
Chapter 5: Global Trade and Trends
Chapter 6: International Payments and Exchange
Chapter 7: Investor Decisions, Moving Economies
Chapter 8: Economic Growth
Part II: Big Shift Cases and Scenarios for the Future
Introduction to Part II
Chapter 9: Demographic Shifts
Chapter 10: Ecological Change
Chapter 11: Income and Wealth Inequality
Chapter 12: IT: Virtualization, Artificial Intelligence, and Robotics
Chapter 13: Emerging Markets Growth
Appendix: Economics’ Struggle with Methodology
Glossary
Bibliography
Index
About the Author