The Contemporary Global Economy Reviewed By Manoj Rengarajan of Bookpleasures.com
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Manoj Rengarajan
Reviewer Manoj
Rengarajan holds a Master of Financial Engineering - University of
California, Berkeley and he works in the investment management
industry and specializes in providing economic and investment outlook
and strategy for global equity and government bond markets. He has an
educational background in financial engineering, business, and
engineering, and professional interests include business,
finance, economics, technology and related areas.
By Manoj Rengarajan
Published on July 28, 2011
Publisher: Wiley-Blackwell
ISBN: 978-1-4051-8343-7
Click Here To Purchase The Contemporary Global Economy: A History since 1980 (Blackwell History of the Contemporary World)
Author: Alfred E Eckes Jr
Publisher: Wiley-Blackwell
ISBN: 978-1-4051-8343-7
The Contemporary Global Economy starts with the key features of globalization including improving life expectancy, literacy, living standards, accelerating migration, shift in population from rural to urban areas, enhanced mobility and greater economic integration. The book also touches upon the key themes in transition of economies from manufacturing to services, resurgence of financial markets, deregulation, privatization, and technology improvements during this time period.
While the contemporary global economy is the focus of the book, there is a historical perspective of the global economy over the past 100 years starting with the first global economy just before the world war I and the renewed globalization after 1950.
With the developed economies, the book explains how globalization and open markets have impacted Western Europe, North America, Japan and Australia and how these economies have become integrated with globalization.
In emerging economies, the book looks at the BRICs (Brazil, Russia, India and China) and other key economies in explaining the development of these economies and GDP growth. There is a general survey of the various models which these economies are using including export orientation, and key aspects of development.
In thinking about the global economy, the book summarizes some of the key economists and business strategists whose ideas have shaped the emergence of the global economy. The survey includes a broad swath of thinkers including free traders (Adam Smith, Ricardo), free trade sceptics (Fredrich List, Gunnar Myrdal, Karl Marx), third world nationalists, and business strategists.
International Trade is the key driver of the global economy. Trade trends over the centuries are described, highlighting their nature and composition. As a background, there is a great section on the geopolitical developments, oil crisis and the collapse of the USSR which set the stage for the global economy since 1980. Some of the strategies adopted by several emerging economies including economic liberalization and attracting foreign investments are dealt with.
The discussion on global business delves into how integration and internationalization characterized the transformation of business in the past 20 years and the increasingly integrated nature of business activity. The book does a great job in explaining how factors such as high inflation, surging oil prices, and increased domestic market competition gave stronger push to internationalization and how companies in the U.S., Europe and Japan responded by restructuring and adapting to globalization.
No contemporary economics book would be complete without some discussion of the global financial crisis of 2007-10. The book traces the origins of the crisis in external imbalances, real estate excesses and deteriorating credit standards to the collapse of Lehman, crisis in central and eastern Europe, and the the global impact of collapse and international response.
The Contemporary Global Economy is well recommended for anyone looking to understand the key trends and the dynamics of the global economy.
Click Here To Purchase The Contemporary Global Economy: A History since 1980 (Blackwell History of the Contemporary World)
Author: Alfred E Eckes Jr
ISBN: 978-1-4051-8343-7
Click Here To Purchase The Contemporary Global Economy: A History since 1980 (Blackwell History of the Contemporary World)
Author: Alfred E Eckes Jr
Publisher: Wiley-Blackwell
ISBN: 978-1-4051-8343-7
The Contemporary Global Economy starts with the key features of globalization including improving life expectancy, literacy, living standards, accelerating migration, shift in population from rural to urban areas, enhanced mobility and greater economic integration. The book also touches upon the key themes in transition of economies from manufacturing to services, resurgence of financial markets, deregulation, privatization, and technology improvements during this time period.
While the contemporary global economy is the focus of the book, there is a historical perspective of the global economy over the past 100 years starting with the first global economy just before the world war I and the renewed globalization after 1950.
With the developed economies, the book explains how globalization and open markets have impacted Western Europe, North America, Japan and Australia and how these economies have become integrated with globalization.
In emerging economies, the book looks at the BRICs (Brazil, Russia, India and China) and other key economies in explaining the development of these economies and GDP growth. There is a general survey of the various models which these economies are using including export orientation, and key aspects of development.
In thinking about the global economy, the book summarizes some of the key economists and business strategists whose ideas have shaped the emergence of the global economy. The survey includes a broad swath of thinkers including free traders (Adam Smith, Ricardo), free trade sceptics (Fredrich List, Gunnar Myrdal, Karl Marx), third world nationalists, and business strategists.
International Trade is the key driver of the global economy. Trade trends over the centuries are described, highlighting their nature and composition. As a background, there is a great section on the geopolitical developments, oil crisis and the collapse of the USSR which set the stage for the global economy since 1980. Some of the strategies adopted by several emerging economies including economic liberalization and attracting foreign investments are dealt with.
The discussion on global business delves into how integration and internationalization characterized the transformation of business in the past 20 years and the increasingly integrated nature of business activity. The book does a great job in explaining how factors such as high inflation, surging oil prices, and increased domestic market competition gave stronger push to internationalization and how companies in the U.S., Europe and Japan responded by restructuring and adapting to globalization.
No contemporary economics book would be complete without some discussion of the global financial crisis of 2007-10. The book traces the origins of the crisis in external imbalances, real estate excesses and deteriorating credit standards to the collapse of Lehman, crisis in central and eastern Europe, and the the global impact of collapse and international response.
The Contemporary Global Economy is well recommended for anyone looking to understand the key trends and the dynamics of the global economy.
Click Here To Purchase The Contemporary Global Economy: A History since 1980 (Blackwell History of the Contemporary World)