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101 Things Everyone Needs to Know about the Global Economy

Book Description

The principles of global economics in easy-to-understand terms!

The news is full of accounts of the rise and fall of economies around the world, but you may not know how these changes can affect your life. 101 Things Everyone Needs to Know about the Global Economy takes the basics of global economics and breaks them into ten straightforward chapters. From the organizations involved and trade imbalances to global risk and foreign investment, Dr. Michael Taillard describes the world markets in terms that you can recognize. You'll also learn how these matters affect the United States and your own financial future.

With 101 Things Everyone Needs to Know about the Global Economy, you get the information you need to not only protect your finances, but also reap the benefits of other nations' wealth and resources.

Table of Contents

  1. Cover
  2. Title Page
  3. Dedication
  4. Contents
  5. Introduction
  6. Chapter 1: The Basics
    1. 1. Globalization
    2. 2. Production Possibilities Curve
    3. 3. Absolute Advantage
    4. 4. Comparative Advantage
    5. 5. Gains from Trade
    6. 6. Terms of Trade
    7. 7. Variety Versus Regionalization
    8. 8. Economies of Scale
    9. 9. Economies of Agglomeration
    10. 10. Localization
  7. Chapter 2: Organizations of Global Economics
    1. 11. World Trade Organization
    2. 12. World Bank
    3. 13. International Monetary Fund
    4. 14. Organisation for Economic Co-operation and Development
    5. 15. Organization of Petroleum Exporting Countries
    6. 16. Governments
    7. 17. Nongovernmental Organizations
    8. 18. Multinational Companies
    9. 19. G8 Summit
  8. Chapter 3. Balance of Payments
    1. 20. Current Account
    2. 21. Capital Account
    3. 22. Transfer Payments
    4. 23. Trade Imbalance
    5. 24. Factor Price Equalization
    6. 25. Mercantilism
  9. Chapter 4. Currency
    1. 26. Fixed Exchange Rates
    2. 27. Devaluation and Revaluation
    3. 28. Floating Exchange Rates
    4. 29. Depreciation and Appreciation
    5. 30. Purchasing Power Parity
    6. 31. Interest Rates
    7. 32. Inflation Rates
    8. 33. International Fisher Effect
    9. 34. Marshall-Lerner Condition
    10. 35. Other Exchange Rate Determinants
    11. 36. The Gold Standard
    12. 37. Special Drawing Rights
    13. 38. Foreign Exchange Reserves
  10. Chapter 5. Restrictions on Trade
    1. 39. Tariffs
    2. 40. Quotas
    3. 41. Subsidies and Dumping
    4. 42. Embargoes
    5. 43. Volatility
    6. 44. Counterfeiting and IP Violations
    7. 45. Infrastructure
    8. 46. Environmental and Consumer Protection Regulations
    9. 47. Trade War
  11. Chapter 6. Managing Global Risk
    1. 48. Transaction Risk
    2. 49. Political Risk
    3. 50. Interest Rate Risk and Inflationary Risk
    4. 51. Translation Risk
    5. 52. Legal Risk
    6. 53. Convertibility Risk
    7. 54. Risk-Free Assets
    8. 55. Insurance
    9. 56. Futures
    10. 57. Forwards
    11. 58. Options
    12. 59. foreign exchange Swaps
    13. 60. Barters
  12. Chapter 7. Foreign Investment
    1. 61. Foreign Direct Investment
    2. 62. Imports and Exports
    3. 63. Partnerships and Joint Ventures
    4. 64. Mergers and Acquisitions
    5. 65. Wholly Foreign Owned Enterprise
    6. 66. Financial Investment
    7. 67. International Diversification
    8. 68. Eurobonds
    9. 69. Sourcing Capital Globally
    10. 70. International Portfolio Optimization
    11. 71. Global Cost of Capital
  13. Chapter 8. Movement of Capital
    1. 72. Trade Gravity
    2. 73. Industrialization
    3. 74. Urbanization
    4. 75. Urban Sprawl and Decay
    5. 76. International Migration
    6. 77. Westernization
    7. 78. Capital Flight
    8. 79. Brain Drain
    9. 80. Tax Management
    10. 81. Transfer Pricing
    11. 82. International Logistics
    12. 83. Incoterms
  14. Chapter 9. Integration
    1. 84. Free Trade Zones
    2. 85. Preferential Trade Area
    3. 86. Free Trade Area
    4. 87. Customs Union
    5. 88. Common Market
    6. 89. Economic Union
    7. 90. Monetary Union
    8. 91. Involuntary Integration
    9. 92. European Union
  15. Chapter 10. Development
    1. 93. Growth
    2. 94. Development
    3. 95. Income Disparity
    4. 96. Developed and Developing Nations
    5. 97. Least-Developed Nations
    6. 98. The North-South Gap
    7. 99. Sources of Development
    8. 100. Urban Renewal
    9. 101. Influence of Multinational Enterprises
  16. Copyright