A beginner's guide to the world economy eighty-one basic economic concepts that will change the way you see the world
(Book)

"Completely revised and updated"--Cover.

People in Seattle are tear-gassed and thrown in jail for protesting the World Trade Organization. In France, a woman is killed when anti-globalization terrorists blow up a local McDonald's. Companies in New York City are boycotted for not paying their Third World employees enough. Now more than ever economic literacy is essential for anyone who simply wants to follow the nightly news and better understand the world around them, making this easily accessible guide essential reading. This completely revised and updated edition answers such new questions as: What is the New Economy? What exactly is globalization? How is e-commerce more than just a convenient way to shop? What is virtual money, and does it have real value? Is the euro the final seal on the European Union? And what are the consequences of either boycotting or buying Third World products? This user-friendly handbook also explains: free trade, Swiss bank accounts, hyperinflation, the WTO, central banks, stocks, bonds, indexes, and much, much more. Fascinating, enlightening, and entertaining, A Beginner's Guide to the World Economy gives you up-to-the-minute information on everything you need to know to understand the economic world around you. In the past decade of rapid change in the world economy, Randy Charles Epping's Beginner's Guide to the World Economy has been the most reliable tool for keeping track of what's happening. The third edition updates the information in previous editions and explains many new concepts. What is the new economy? What is globalization? Is the euro the final seal on European Union? How is e-commerce transforming our world beyond economics? What is virtual money, and does it have real value? How do social concerns and societal ills (drugs, poverty, AIDS, endangered natural resources) play a part in the rapidly changing world economy? What are multinationals, and do they signal the end of nationalism? These and many other pertinent issues are concisely addressed in the most accessible primer for those who want to be economically literate (and who doesn't?).