This text is widely acknowledged to be the best available introduction to the study of the international economy as a mechanism for diffusing modern economic growth between nations. Taking the story up to the year 2000, this edition covers the latest developments in international economics. Significant new additions include: globalization and the world economy; the growth of regional trading blocs; globalisation and financial crisis in Asia; transition to the market in post-communist economies Packed with new references and data, this book is an indispensible guide to the world economy as it enters the new millenium.

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