SUMMARY
INTERNATIONAL ECONOMICS
National and firms in the Global economy - (2006) -
Cambridge
,Summary - International Economics
WEEK 1
CHAPTER 1 + 2
Page 2 of 58
, Summary - International Economics
Chapter 1 The Global Economy
§ 1.1 Introduction
The economic globalization process: That is, the increased interdependence
of national economies, and trend towards greater integration of goods, labour
and capital markets.
Throughout the book, we analyse how international business are affected by the
global economic environment and discuss the role played by firms in the process,
thus allowing businesses to make better decisions.
John Maynard Keynes – argued that the master economist should ‘examine the
present in light of the past, for the purpose of the future.
§ 1.2 A sence of time: universe and population
On a cosmic time scale mankind barely exists and our formidable achievements
have not made a lasting impression.
§ 1.2.1 Population size
Page 3 of 58
INTERNATIONAL ECONOMICS
National and firms in the Global economy - (2006) -
Cambridge
,Summary - International Economics
WEEK 1
CHAPTER 1 + 2
Page 2 of 58
, Summary - International Economics
Chapter 1 The Global Economy
§ 1.1 Introduction
The economic globalization process: That is, the increased interdependence
of national economies, and trend towards greater integration of goods, labour
and capital markets.
Throughout the book, we analyse how international business are affected by the
global economic environment and discuss the role played by firms in the process,
thus allowing businesses to make better decisions.
John Maynard Keynes – argued that the master economist should ‘examine the
present in light of the past, for the purpose of the future.
§ 1.2 A sence of time: universe and population
On a cosmic time scale mankind barely exists and our formidable achievements
have not made a lasting impression.
§ 1.2.1 Population size
Page 3 of 58
