ABSTRACT

The World Economy provides an analysis of global economic structures and processes. Horst Siebert breaks new round in taking the widest possible view of the world economy and examining it as a truly global entity.
Individual chapters provide a comprehensive, state-of-the-art overview of core issues and themes, including world GDP, world aggregate demand, economic growth, the role of trade, global product and factor markets, world monetary and financial markets and exchange rates, regional integration: NAFTA and the European Union. The book also explores potential conflicts between: *national interests and global concerns
*trade policy versus free trade
*locational competition amongst states
^The World Economy also provides authoritative overviews of the most recent developments in global economics, from EMU to the East Asian crisis.

chapter 1|20 pages

The global view

part |2 pages

PART I The world goods and factor markets and economic growth

chapter 2|26 pages

The world product markets

chapter 3|21 pages

The factor markets in the world economy

chapter 4|27 pages

Growth processes in the world economy

part |2 pages

PART II Monetary and financial markets

chapter 5|16 pages

Global money and currency markets

chapter 6|34 pages

Financial crises versus stable currencies

part |2 pages

PART III Regional dimensions of the world economy

chapter 7|18 pages

Developing countries

chapter 8|18 pages

The transformation countries

chapter 9|9 pages

Regional integration in the world economy

chapter 10|25 pages

The European Union

part |2 pages

PART IV National economic policy versus a world economic order

chapter 12|15 pages

Locational competition

chapter 14|29 pages

An institutional order for the world economy