Nations and firms in the global economy : an introduction to international economics and business

This accessible introduction to the world economy and to the theory and practice of globalization argues that key topics in international economics cannot be understood without knowledge of international business, and vice versa. It reviews and combines insights from both literatures and applies them to real-world issues, clearly explaining the main concepts of international economics and business in a uniquely integrated approach. Written in a lively and accessible style, this innovative textbook covers all the main issues, including international trade, capital mobility, comparative advantage, foreign direct investments, multinational behaviour, financial crises and economic growth. It has carefully selected international examples and case studies, and special interest boxes which clearly explain more difficult economic concepts. The companion website includes additional case studies, exercises and answers to exercises, data, illustrations and links to other useful websites. PART I: INTRODUCTION: The global economy International accounting practices PART II: FIRMS, TRADE AND LOCATION: Trade and comparative advantage Trade and competitive advantage Firms, location and agglomeration PART III: CAPITAL, CURRENCY AND CRISES: International capital mobility Gains from capital market integration Investors, exchange rates and currency crises Financial crises, firms, and the open economy PART IV: POLICY, DYNAMICS AND ORGANIZATION: Trade and capital restrictions Globalization and economic growth Nations and organizations PART V: CONCLUSIONS: Globalization: is it really happening? Towards an international economics and business? This is a clear and systematic introduction to the world economy and to the theory and practice of globalisation. Written by experienced textbook writers, it provides a uniquely integrated approach to key concepts in international economics and international business, as well as the theory and practice of globalisation. This accessible introduction to the world economy and the theory and practice of globalisation argues that key topics in international economics cannot be understood without knowledge of international business. It reviews and combines insights from both literatures and applies them to real-world issues Numerous factors active in the global economic environment affect the decisions that managers of firms have to make regarding the price to charge for their products, how much to produce, how much to invest in R&D, how much to spend on advertising and so on. Steven Brakman ... [et Al.]. Includes Bibliographical References (p. [406]-425) And Indexes.