Inside the Global Economy: A Practical Guide

Inside the Global Economy: A Practical Guide

by Andrew Vonnegut

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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.

·Powerpoint slides for each class session
·Testbank that includes quizzes, a midterm, supplemental readings, and a final project
·Moodle site offering a complete online version of the course, including a syllabus

Product Details

ISBN-13: 9781442281608
Publisher: Rowman & Littlefield Publishers, Inc.
Publication date: 09/05/2017
Edition description: New Edition
Pages: 332
Sales rank: 440,306
Product dimensions: 5.90(w) x 9.00(h) x 0.80(d)
Age Range: 18 Years

About the Author

Andrew Vonnegut teaches global economics at the University of California, Santa Barbara, advises on economics and finance, and owns a small manufacturing company. He has a PhD in applied economics and statistics and twenty years of international economic experience, including working for three of the largest investment banks in Turkey, the United States Agency for International Development, and the international consulting firms Booz Allen Hamilton and Booz and Co.

Table of Contents

Preface vii

Acknowledgments ix

Introduction 1

Section I The Global Economic System 15

1 National Economies Compared 15

2 Participants and Incentives 19

3 Central Banks, Interest Rates, and Money 67

4 Domestic Policies and Global Repercussions 95

5 Global Trade and Trends 119

6 International Payments and Exchange 141

7 Investor Decisions, Moving Economies 167

8 Economic Growth 205

Section II Big Shift Cases and Scenarios for the Future 227

9 Demographic Shifts 231

10 Ecological Change 247

11 Income and Wealth Inequality 257

12 IT: Virtualization, Artificial Intelligence, and Robotics 267

13 Emerging Markets Growth 277

Appendix: Economics Struggle with Methodology 285

Glossary 291

Bibliography 299

Index 317

About the Author 321

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