For firms both large and small, global integration usually has a very positive impact. This work explores new gains from deep international integration. The authors supplement their research with real-life profiles of representative American exporters, importers, investors abroad and others.

This introduction to all aspects of international economics, business and finance is the clearest guide available to the economics of the world we live in. Written in a highly engaging style, packed full of up-to-the minute, real-world case studies and pitched at introductory level, the book does an expert job of drawing students in and will leave them equipped with a comprehensive toolkit of methods and essential facts. Now in its fourth edition, Global Economic Issues and Policies reflects continuing changes in the world economy and in the analysis of international economics. Chapter introductions, pedagogy and data have all been thoroughly updated throughout, including the addition of a new ‘Issues & Policies Notebook’ feature. Key topics for expansion and revision include: Evolution of Comparative Advantage Import Quotas and Subsidies Services in Regional and Multilateral Trade Agreements Balance of Payments Accounting Unconventional Central Bank Policies Territorial versus Worldwide Taxation and "Tax Inversions" The role of Foreign Exchange Markets and Exchange-Rate Arrangements Public Policy Issues in International Money and Finance The text is suitable for any introductory module in international economics and business, whether taught as part of an economics, business or international studies program. It is also the ideal MBA level introduction to the global economy.

Is foreign direct investment good for development? Moving beyond the findings of his previous book Does Foreign Direct Investment Promote Development? (CGD and IIE, 2005), Theodore H. Moran presents surprisingly good --and startlingly bad --news. The good news highlights how foreign direct investment can make a contribution to development significantly more powerful and more varied than conventional measurements indicate. The bad news reveals that foreign direct investment can also distort host economies and polities with consequences substantially more adverse than critics and cynics have imagined. This book rigorously examines the principal controversies and debates about FDI in manufacturing and assembly, extractive industries, and infrastructure, in light of new evidence and analysis. Written in engaging prose, it identifies how developed and developing countries, multilateral lending agencies, and civil society can work in concert to harness foreign direct investment to promote the growth and welfare of developing countries.

Has globalization the phenomenon outgrown "globalization" the concept? In Distant Proximities, one of America's senior scholars presents a work of sweeping vision that addresses the dizzying anxieties of the post-Cold War, post-September 11 world. Culminating the influential reassessment of international relations he began in 1990 with Turbulence in World Politics, James Rosenau here undertakes the first systematic analysis of just how complex these profound global changes have become. Among his many conceptual innovations, he treats people-in-the-street as well as activists and elites as central players in what we call "globalization." Deftly weaving striking insights into arresting prose, Rosenau traces the links and interactions between people at the individual level and institutions such as states, nongovernmental organizations, and transnational corporations at the collective level. In doing so he masterfully conveys how the emerging new reality has unfolded as events abroad increasingly pervade the routines of life at home and become, in effect, distant proximities. Rosenau begins by distinguishing among various local, global, and private "worlds" in terms of their inhabitants' orientations toward developments elsewhere. He then proceeds to cogently analyze how the residents of these worlds shape and are shaped by the diverse collectivities that crowd the global stage and that sustain such issues as human rights, corruption, the global economy, and global governance. Throughout this richly imaginative, fluidly written book, Rosenau examines how anti-globalization protests and the terrorist attacks on America amount to quintessential distant proximities. His book is thus a pathbreaking inquiry into the dynamics that lie beyond globalization, one that all thoughtful observers of the world scene will find penetrating and provocative.

Writers urge the church to help identify the essentials of Christian perspective on the societal, environmental and economic implications of globalization and to live accordingly.

What are the key foreign economic policy issues facing the United States in the second half of this decade? How can the administration and Congress meet the economic challenges that lie ahead? This new book analyzes the dramatic importance of the world economy to both the domestic prosperity and overall foreign policy of the United States, describes the new global environment (e.g., the rise of China as a global economic superpower and the completion of European unification) in which US policy must operate, and proposes major US initiatives on a wide range of international economic issues, including correction of the huge current account deficit, new trade negotiations, and energy. Individual chapters by senior staff of the Institute on each of the key topics are included.