Treats the world as a single entity, considering issues of a global economy, rather than approaching international economics from the viewpoint of any one country.
As globalization continues apace, lines of communications are shortening and the boundaries between nations are becoming increasingly blurred. A global perspective is adopted on an increasing range of issues and this is particularly true of economics - no single nation can truly exist in isolation. The second edition of Horst Siebert's The World Economy treats the world as a single entity, considering issues of a global economy, rather than approaching international economics from the viewpoint of any one country. The key issues that have a affected the world trade system since the turn of the millennium are very much to the fore.
List of figures, List of Tables, Preface, 1. The global view Part 1 - The world goods and factor markets and economic growth 2. The world product markets 3. The factor markets in the world economy 4. Growth processes in the world economy Part II - Monetary and financial markets 5. Global money and currency markets 6. Financial crises 7. Currency crises 8. How to prevent a monetary financial crisis Part III - Regional dimensions of the world economy 9. Developing Countries 10. The transformation countries 11. Regional integration in the world economy 12. The European Union Part IV - National economic policy versus a world economic order 13. National protectionism versus world wide free trade 14. Locational competition 15. Using the national and global environment 16. An institutional order for the world economy, References