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New Challenges Facing the Global Economy

New Challenges Facing the Global Economy

Miron Wolnicki, Ryszard Piasecki

E-book

This publication was written for a Global Political Economy course taught in business schools offering undergraduate or graduate levels of education. The textbook focuses on select countries and regions which, in our opinion, will be the most important consumer and export markets in the next two decades.

Introduction     7

 

Chapter 1. The evolution of development, economics and globalization          9

    1. The birth of “development economics” as a discipline            9
    2. The crisis of “development economics” in the 1980s  11
    3. The rise and decline of neo-liberals  13
    4. The limits of the “Washington consensus”    14
    5. Globalization and economic development     16
    6. Critique of globalization theories      18
    7. The “misery” of a traditional development economics and the opportunities for a modern development economics         19
    8. Conclusions           21

 

Chapter 2. Review of international economics               23

    1. The balance of payments    23
    2. The future of the US current account deficit  29
    3. Exchange rates      36
    4. Trading systems and global governance institutions   43
    5. Review of concepts and formulas     52

 

Chapter 3. Asia overview          57

    1. The People’s Republic of China        57
    2. India         72
    3. Japan        80
    4. South Korea           86
    5. Singapore  91

 

Chapter 4. The European Union and the Middle East  95

    1. The European Union           95
    2. Russia       108
    3. The Middle East overview    120
      1. Saudi Arabia  125
      2. Turkey           128
      3. Syria 130
      4. Iraq  131
      5. Egypt            132
      6. Iran  133

 

Chapter 5. Latin America overview       135

    1. Mexico       140
    2. Brazil         141
    3. Venezuela  142
    4. Argentina   144

 

Chapter 6. Africa overview       145

    1. Rwanda     147
    2. Nigeria      148
    3. Kenya        149

 

Chapter 7. Ideas wrap-up. Four practical mega lessons              151

    1. Lesson one: always look on the bright side of life      152
    2. Lesson two: don’t base your worldview on media stories but factful trends      153
    3. Lesson three: we are in the age of miracles  154
    4. Lesson four: trust and empower optimists not declinists         155

 

Chapter 8. Multinational Corporations behavior in times of emergency           157

 

Chapter 9. Post Pandemia COVID-19 World      165

 

References      171

  • Titel: New Challenges Facing the Global Economy
  • Autor: Miron Wolnicki, Ryszard Piasecki
  • ISBN: 978-83-8220-608-1, 9788382206081
  • Veröffentlichungsdatum: 2021-09-27
  • Format: E-book
  • Artikelkennung: e_25pi
  • Verleger: Wydawnictwo Uniwersytetu Łódzkiego