New Challenges Facing the Global Economy

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This publication was written for a Global Political Economy course taught in business schools offering undergraduate or graduate levels of education. The textbook focuses on select countries and regions which, in our opinion, will be the most important consumer and export markets in the next two decades.


Rok wydania2021
Liczba stron174
KategoriaPublikacje darmowe
WydawcaWydawnictwo Uniwersytetu Łódzkiego
ISBN-13978-83-8220-608-1
Numer wydania1
Język publikacjiangielski
Informacja o sprzedawcyePWN sp. z o.o.

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Spis treści

  Introduction    7
  
  Chapter 1. The evolution of development, economics and globalization    9
  1.1. The birth of “development economics” as a discipline    9
  1.2. The crisis of “development economics” in the 1980s    11
  1.3. The rise and decline of neo-liberals    13
  1.4. The limits of the “Washington consensus”    14
  1.5. Globalization and economic development    16
  1.6. Critique of globalization theories    18
  1.7. The “misery” of a traditional development economics and the opportunities for a modern development economics    19
  1.8. Conclusions    21
  
  Chapter 2. Review of international economics    23
  2.1. The balance of payments    23
  2.2. The future of the US current account deficit    29
  2.3. Exchange rates    36
  2.4. Trading systems and global governance institutions    43
  2.5. Review of concepts and formulas    52
  
  Chapter 3. Asia overview    57
  3.1. The People’s Republic of China    57
  3.2. India    72
  3.3. Japan    80
  3.4. South Korea    86
  3.5. Singapore    91
  
  Chapter 4. The European Union and the Middle East    95
  4.1. The European Union    95
  4.2. Russia    108
  4.3. The Middle East overview    120
  4.3.1. Saudi Arabia    125
  4.3.2. Turkey    128
  4.3.3. Syria    130
  4.3.4. Iraq    131
  4.3.5. Egypt    132
  4.3.6. Iran    133
  
  Chapter 5. Latin America overview    135
  5.1. Mexico    140
  5.2. Brazil    141
  5.3. Venezuela    142
  5.4. Argentina    144
  
  Chapter 6. Africa overview    145
  6.1. Rwanda    147
  6.2. Nigeria    148
  6.3. Kenya    149
  
  Chapter 7. Ideas wrap-up. Four practical mega lessons    151
  7.1. Lesson one: always look on the bright side of life    152
  7.2. Lesson two: don’t base your worldview on media stories but factful trends    153
  7.3. Lesson three: we are in the age of miracles    154
  7.4. Lesson four: trust and empower optimists not declinists    155
  
  Chapter 8. Multinational Corporations behavior in times of emergency    157
  
  Chapter 9. Post Pandemia COVID-19 World    165
  
  References    171
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