Provides a sound theoretical and practical foundation for understanding the global economy in an era of shifting borders, restructuring economies, and regional realignments. The book covers population, natural resources, and international trade. It combines theory with geography in addressing growth, distribution, and development, and to explain their impact on international business. Portrays recent geopolitical changes and uses real-world examples. Promotes a greater appreciation of international and U.S. economic issues through a global perspective while highlighting world trade. The fifth edition of World Economy: Resources, Location, Trade and Development has been revised to include a chapter on giant emerging markets and a half chapter on telecommunications and information technology. It emphasizes global interdependence; flixible manufacturing; the globalization of business, culture, environmental problems, and telecommunications; and the transnational corporation. It discusses the declining roles of traditional factors of production and provides the latest country-by-country economic data for all of the world's major economies. An essential reference for any professional or business owner doing business in the world economy.
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Editorial Reviews
From the Publisher
This timely new edition gives students a sound theoretical and practical foundation for understanding the global economy in an era of shifting borders, restructuring economies, and regional realignments. The text thoroughly examines models and concepts of Economic Geography, including population, natural resources, international trade and development. It combines economic theory with geography in an attempt to resolve critical problems of growth, distribution, and development; and to explain their impact on international business. Recent geopolitical changes are vividly portrayed in a series of superb new maps and striking photographs, all in dazzling full color. Abstract concepts are made comprehensible by the use of fascinating real-world examples. The book provides a global perspective on international business. It is this pragmatic worldview, evident in every chapter, that makes the second edition of The World Economy: Resources, Location, Trade and Development ideal for courses in economic geography, international trade, business, marketing, and development.
From the Back Cover
This timely book gives readers a sound theoretical and practical foundationfor understanding the global economy in an era of shifting borders,restructuring economies, and regional realignments. The book thoroughlyexamines economic geography, including population, natural resources,international trade and development. It combines economic theory withgeography; discussing critical problems of growth, distribution, andtheir impact on international business.
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