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Global Economics - A Holistic Approach (Paperback)
Loot Price: R1,104
Discovery Miles 11 040
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Global Economics - A Holistic Approach (Paperback)
Series: Capitalist Thought: Studies in Philosophy, Politics, and Economics
Expected to ship within 12 - 19 working days
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Global Economics looks beyond the mere interaction of national
economies as is implied by the term 'international economics.' It
examines the integration of national economies into the emerging
global economy. In keeping with the subtitle A Holistic Approach,
the book considers the roles of technology, political arrangements,
the rule of law, natural resources, climate change, social
institutions and values, in addition to the role of economics
(narrowly defined). In fact, recourse to abstract economic analysis
is restrained, and discussion is replete with concrete examples and
case studies. Specific topics include trade theory, policy and
agreements, foreign exchange, exchange rate determination and
hedging, international capital and labor flows, financial crises
and development. The book details the changes that took place with
the Industrial Revolution and the subsequent spread of market
economics and democratic government. It develops the classic theory
of comparative advantage, and then applies and extends the theory
to explain the complex trade patterns of today. It uses game theory
to analyze trade policy, and the tragedy of the commons to address
the resource curse. The book covers topics such as the relationship
of defense to trade policy not typically considered by
international economics, in addition to taking a fresh approach to
the traditional topics.
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