Nations and Firms in the Global Economy: An Introduction to by Steven Brakman, Harry Garretsen, Charles Van Marrewijk,

By Steven Brakman, Harry Garretsen, Charles Van Marrewijk, Arjen Van Witteloostuijn

This obtainable creation to the realm financial system and to the speculation and perform of globalization argues that key themes in foreign economics can't be understood with no wisdom of foreign company, and vice versa. It studies and combines insights from either literatures and applies them to real-world concerns, essentially explaining the most suggestions of overseas economics and enterprise in a uniquely built-in technique. Written in a full of life and available sort, this leading edge textbook covers all of the major concerns, together with overseas alternate, capital mobility, comparative virtue, international direct investments, multinational behaviour, monetary crises and financial progress. It has rigorously chosen foreign examples and case reports, and unique curiosity packing containers which truly clarify tougher fiscal recommendations. The significant other site contains extra case reports, routines and solutions to workouts, information, illustrations and hyperlinks to different valuable web pages.

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5 The leading nations in terms of GDP per capita were Italy, the Netherlands, the UK and the USA, in chronological order. 8 and the discussion above, the gap between the world leader and the world average tends to increase over 5 For clarity, the figure ignores the fact that around 1973 Switzerland had the highest GDP per capita. 26 Introduction time. At the zenith of its relative power, Italy’s per capita income level was 95 per cent above the world average, compared to 234 per cent for the Netherlands, 268 per cent for the UK and 379 per cent for the USA.

Multinationals adopt similar policies under the pressure of competition and regulation. For instance, benchmarking practices are promoted by global consultancy businesses such as the Boston Consulting Group (BCG) and McKinsey, and the regulations of the New York Stock Exchange (NYSE) are imposed upon many non-American enterprises (Sorge and van Witteloostuijn, 2004). As institutions, both at the macro level of countries and at the micro level of firms, are key determinants of economic processes, we will deal with issues of institutional globalization throughout the book.

The toll of AIDS in terms of increased mortality and population loss can be devastating. 5 years less than it would have been in the absence of AIDS, and the population is projected to be 10 per cent less in 2015 than it would have been without AIDS. Life expectancy at birth at the world level is estimated to increase from 65 years in 2000 to 76 years in 2050. Although it will probably remain the world’s laggard, the UN expects a huge increase in African life expectancy (from 51 years in 2000 to 70 years in 2050).

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