International Economics ISE (E-Book)
International Economics ISE (E-Book)
Description
"International economics combines the excitement of world events and the incisiveness of economic analysis. We are in the second great wave of globalization, in which product, capital, and labor markets become more integrated across countries. This second wave, which began in about 1950 and picked up steam in the 1980s, has lasted longer than the first, which began in about 1870 and ended with World War I (or perhaps with the onset of the Great Depression in 1930). In the process of globalization, international trade, foreign direct investment, cross-border lending, and international portfolio investments have grown faster than world production. In addition, information, data, and rumors now spread around the world instantly through the Internet and other global electronic media.