Understanding the World Economy

by Cleaver; Tony

• ISBN13: 9780415771054
• ISBN10: 0415771056
• Edition: 3rd
• Format: Nonspecific Binding
• Copyright: 2006-11-08
• Publisher: Routledge

Summary

The world economy is in a constant state of flux, understanding the changing nature of world economic affairs can prove a daunting task. Tony Cleaver, in the third edition of this internationally successful text, comprehensively examines and illuminates all major global economic developments. Key topics include: China's rapid economic growth Increasing concerns over the direction of Russia's transition; The recent financial crisis in Argentina The enlargement of the European Union. Concerns over the economics of oil and the environment Current research in New Institutional Economics and property rights, Foundations of markets and the problems of economic development. Understanding the World Economy combines current world case studies with the accessible style and structure of the previous editions, ensuring that this book remains essential reading for all students studying economics and for lay readers.

Author Biography

Tony Cleaver is Vice Master at Grey College and lectures in the Department of Economics at the University of Durham.

Table of Contents

List of illustrations	vi
Preface to the third edition	ix
Introduction	1	(187)
1 Command, market and mixed economies	9	(23)
2 The transition economies	32	(24)
3 Microeconomics and macroeconomics	56	(15)
4 Unemployment and inflation	71	(20)
5 Free trade, regional agreements and strategic policies	91	(16)
6 Customs unions and common markets	107	(18)
7 Money, banking and international finance	125	(18)
8 Exchange rates and currency union	143	(22)
9 The economics of oil	165	(23)
10 Foreign debt, financial crises and international policemen	188	(18)
11 Development, growth and Asian dragons	206	(27)
12 Environmental economics: sustaining spaceship earth	233	(20)
13 Conclusion: into the twenty-first century	253	(6)
Index	259