An introduction to the primary concepts and trends in international business, trade, and investment-and why they matter to individual citizens.
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The contemporary era of globalization demonstrates that the local and global aspects of business and government are increasingly intertwined. This volume defines and makes sense of the workings of the global economy—and how it influences businesses and individuals. Each chapter identifies common questions and issues that have gained exposure in the popular media—such as outsourcing, the high cost of international travel, and the impact of a fast-growing China—to illustrate underlying drivers and mechanisms at work. Covering international trade, national wealth disparities (the haves vs. the have-nots), foreign investment, and geographical and cultural issues, and supported with illustrations, maps, charts, a glossary and timeline of key events,Globalization illuminates the dynamics of the global economy and informs readers of its profound impact on our daily lives.
"Boudreaux focuses on globalization, leading readers through terms, arguments, counterarguments, institutions, and a discussion of the impact of a global economy on the US and other countries....Free market arguments prevail in this work, but that is consistent with the feelings of most economists who study the issues objectively. Recommended. General readers; all levels of undergraduate students."
"No contemporary economic issue is as subject to misunderstanding, fear-mongering and polarised debate as globalization. In this superb explosition, couched in crystal-clear prose that can be grasped with ease, American academic Donald Boudreaux makes the case for a global trade in goods and services. Covers a crucial subject and deserves as wide a readership as possible."
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