Description
Book SynopsisThe world is a veritable stage for superpowers. Major historical events are best viewed as the outcomes of games played by superpowers for their own economic interests. The objective of this book is to explore the primary cause of global historical events. A global economic disparity (GED) motivates superpowers to pursue their interests and results in the corresponding global historical event (GHE). This book explores the causal relationships between GEDs and GHEs that stand out in recent global history since the first Industrial Revolution, taking a geoeconomic approach which encompasses economics, international political affairs, history, and geography. The book confirms the causalities between GEDs and GHEs. It is a pioneering work that provides a unique but powerful policy implication: in order to alleviate international conflicts and tensions between superpowers, it is necessary to reduce GEDs. And since it is virtually impossible for a few superpowers to reduce the GEDs, the worl
Trade ReviewProfessor Chung argues forcefully that major historical events arise from the interaction of superpowers facing economic disparities. His policy conclusion - that reducing global economic disparities would promote international stability – deserves to be widely considered. -- Willem Thorbecke, Research Institute of Economy, Trade and Industry, Japan
Jae Wan Chung has put together an interesting analysis of recent economic history in Global Economic Disparity. Chung paints history on a large canvas, interpreted through the lens of economic theory and through the underlying forces of international trade and finance. The book provides a good read as well as plenty of food for thought. -- Henry Thompson, Auburn University
A provocative thesis—that global economic disparity is the primary cause of major global historical events. A sure bet to generate lively class discussion. This book will be an excellent component for any undergraduate global political economy course. -- Thomas J. Prusa, Rutgers University
Table of ContentsIntroduction 1. Global Economic Disparity 2. Global Economy and Superpowers 3. Open Economy Macroeconomic Principles and Policy Implications 4. Financial Crises in the United States 5. Impact of the U.S. Financial Crisis on Economies of Euro Countries and East Asia 6. Human Resources and Technology 7. Raw Materials 8. Energy 9. Environment, Global Warming and Water Resources 10. Food, Population and Poverty Conclusions
