Menzie D. Chinn - Böcker

The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists.By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s.Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.

The globalized world economy is more important than ever before. This book provides a clear and up-to-date look at the economic foundations of international economics. Through accessible language and attractive presentation with abundant full-colour diagrams and graphs incorporating contemporary trade data, the authors explain the principal concepts in an engaging manner open to students from any discipline. Throughout, economic models are discussed in the context of recent and current international trade issues to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 240 end of chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as jpgs.

The globalized world economy is more important than ever before. This book provides a clear and up-to-date look at the economic foundations of international economics. Through accessible language and attractive presentation with abundant full-colour diagrams and graphs incorporating contemporary trade data, the authors explain the principal concepts in an engaging manner open to students from any discipline. Throughout, economic models are discussed in the context of recent and current international trade issues to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 240 end of chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as jpgs.

Understanding the globalized world economy is more important than ever before. This book provides a clear, concise, and up-to-date look at the economic foundations of international trade. The authors explain the principal concepts in an engaging and accessible manner open to students from any discipline, incorporating contemporary trade data through full-colour diagrams and graphs. Throughout, economic models are discussed in the context of recent and current international trade issues, to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 100 end-of-chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as JPEGs.

Understanding the globalized world economy is more important than ever before. This book provides a clear, concise, and up-to-date look at the economic foundations of international trade. The authors explain the principal concepts in an engaging and accessible manner open to students from any discipline, incorporating contemporary trade data through full-colour diagrams and graphs. Throughout, economic models are discussed in the context of recent and current international trade issues, to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 100 end-of-chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as JPEGs.

Understanding the globalized world economy is more important than ever before. This book provides a clear, concise, and up-to-date look at the economic foundations of international finance. The authors explain the principal concepts in an engaging and accessible manner open to students from any discipline, incorporating contemporary finance data through full-colour diagrams and graphs. Throughout, economic models are discussed in the context of recent and current international finance issues, to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 140 end-of-chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as JPEGs.