A Beginner's Guide to the World Economy: Eighty-one Basic Economic Concepts That Will Change the Way You See the World - Paperback

by Randy Charles Epping (Author)

In a time of rapid change in the world economy, this fascinating, concise, and user-friendly primer is the most reliable tool for keeping track of what's happening.

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 addressed in an enlightening and entertaining handbook for those who want to be economically literate (and who doesn't?).

Front Jacket

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?).

Back Jacket

Globalization . . . income gaps between rich and poor . . . trade wars . . . the New Economy. Now, more than ever, economic literacy is a must for anyone who wants to be able to follow the nightly news and understand the world around them, making this easily accessible guide essential reading.

Completely revised and updated, this new edition answers such questions as: What exactly is the WTO? What is a stock option? How is e-commerce more than just a convenient way to shop? How will the emergence of the euro affect the U.S. dollar? What are the consequences of boycotting or buying Third World products? How can the Internet help investors keep track of foreign markets?

This user-friendly handbook also explains free trade, Swiss bank accounts, per capita GDP, hyperinflation, central banks, G7/G8, 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.

Author Biography

Randy Charles Epping, based in Zurich, Switzerland and São Paulo, Brazil, has worked in International Finance for over 25 years, holding management positions in European and American investment banks in London, Geneva, and Zurich. He has a master's degree in International Relations from Yale University, in addition to degrees from the University of Notre Dame and the University of Paris-La Sorbonne. He is currently the manager of IFS Project Management AG, a Switzerland-based international consulting company. He is also the president of the Central Europe Foundation, which provides assistance to students and economic organizations in Central and Eastern Europe. In addition to several other books on the world economy, he has written a novel, Trust, a financial thriller based in Zurich and Budapest. Mr. Epping holds dual U.S. and Swiss citizenship and is fluent in six languages: English, French, German, Italian, Portuguese, and Spanish.