Description
Book SynopsisThis 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 enli
Trade Review"Since the financial crisis, we have all been stuttering through economics and finance. Thanks to Andrew Vonnegut's excellent new book, we will all be more fluent in the language that shapes our world." -- Parag Khanna, National University of Singapore, author of Connectography: Mapping the Future of Global Civilization
Andrew Vonnegut brings a fresh perspective and accessible examples to a topic often dominated by dry and outdated theories. Inside the Global Economy offers a practical approach to understanding economics in a readable and relevant style that will resonate with students of international economics and international business. -- Vivian Faustino-Pulliam, University of San Francisco
The increasing complexity of modern economics leaves many theorists and practitioners alike scrambling to explain—often unsuccessfully—globalization's latest twists. Andrew Vonnegut’s Inside the Global Economy is a healthy antidote to this confusion. Billed as 'a practical guide,' the book offers straightforward analysis of contemporary economic phenomena. In a world where instability has become the norm and Black Swans hover like vultures, his combination of theory and practice will resonate with serious students of the subject, whether they be in the classroom or boardroom. -- Riad al Khouri, director, Middle East, GeoEconomica
Vonnegut gives readers an informative and easy-to-follow guide to understanding the fundamentals of how the international economy works and then addresses some of the critical economic issues that we will all need to face in the near future. -- Daniel Schydlowsky, Harvard Kennedy School
Table of ContentsPreface Acknowledgments Introduction Section I: The Global Economic System Chapter 1: National Economies Compared Chapter 2: Participants and Incentives Chapter 3: Central banks, Interest Rates and Money Chapter 4: Domestic Policies and Global Repercussions Chapter 5: Global Trade and Trends Chapter 6: International Payments and Exchange Chapter 7: Investor Decisions, Moving Economies Chapter 8: Economic Growth Part II: Big Shift Cases and Scenarios for the Future Introduction to Part II Chapter 9: Demographic Shifts Chapter 10: Ecological Change Chapter 11: Income and Wealth Inequality Chapter 12: IT: Virtualization, Artificial Intelligence, and Robotics Chapter 13: Emerging Markets Growth Appendix: Economics’ Struggle with Methodology Glossary Bibliography Index About the Author
