International Economics

Our world order is under pressure as never before. From new authoritarian regimes in the US, Turkey and Russia to the imminent breakup of the European Union and a social media awash with intolerance, things look set to fall apart just as abruptly as the Soviet Union did some 30 years ago. How did we get here, and what do we do now? In this searching new exploration of our crisis, Paul Mason argues that at its heart lies an attack on the idea of humanity itself.

A century ago, migrants often crossed an ocean and never saw their homelands again. Today, they call - or Skype - home the moment their flight has landed, and that's just the beginning. Thanks to cheap travel and easy communication, immigrants everywhere stay in intimate contact with their native countries, creating powerful cross-border networks. In Borderless Economics, Robert Guest, The Economist's business editor, travels through dozens of countries and 44 American states, observing how these networks create wealth, spread ideas and foster innovation.

Economic theories and models shape our everyday lives. They are relied on by politicians when tax rises or cuts are being considered. They inform debates about everything from bonuses for CEOs to minimum wage rates, to the level of job protection enshrined in law. They determine what levels of tobacco or petrol duty are charged and influence government approaches to issues as diverse as obesity and climate change. But are policy makers right to be so slavishly reliant on them? Tom Bergin is sceptical, and he subjects eight of the most prevalent economic mantras to close scrutiny.

There have been numerous books examining the 2008 financial crisis from either a US or European perspective. Tamim Bayoumi is the first to explain how the Euro crisis and US housing crash were, in fact, parasitically intertwined. Starting in the 1980s, Bayoumi outlines the cumulative policy errors that undermined the stability of both the European and US financial sectors, highlighting the catalytic role played by European mega banks that exploited lax regulation to expand into the US market and financed unsustainable bubbles on both continents.

"Let China sleep, for when she wakes, she will shake the world." Napoleon's words seem eerily prescient today, as the shock waves from China's awakening reverberate across the globe. In China Shakes the World, James Kynge, traces these tremors from Beijing to Europe to the Midwest as China's ravenous hunger for jobs, raw materials, energy, and food - and its export of goods, workers, and investments - drastically reshape world trade and politics.

What if Latin America Ruled the World? deftly braids together the histories of North and South America from the exploits of Hernán Cortés to the political showmanship of Hugo Chávez and Evo Morales. Scholar Oscar Guardiola-Rivera is an ideal guide for a searching portrait of the Latin America that we rarely hear about.

The Cold War seemingly ended in a decisive victory for the West. But now, Noah Feldman argues, we are entering an era of renewed global struggle: the era of Cool War. Just as the Cold War matched the planet’s reigning superpowers in a contest for geopolitical supremacy, so this new age will pit the United States against a rising China in a contest for dominance, alliances, and resources. Already visible in Asia, the conflict will extend to the Middle East (U.S.-backed Israel versus Chinese-backed Iran), Africa, and beyond.

Is America fated to decline as a great power? Can it recover? With absorbing insight and fresh perspective, foreign policy expert Andrew Imbrie provides a road map for bolstering American leadership in an era of turbulence abroad and deepening polarization at home. This is a book about choices: the tough policy trade-offs that political leaders need to make to reinvigorate American money, might, and clout. In the conventional telling, the United States is either destined for continued dominance or doomed to irreversible decline.

Empty shelves, queues for petrol and energy shortages: crises more familiar to those who lived through the 1960s and 1970s have now become a reality as global shipping times are squeezed, containers lie unopened at docks and supply shortages push up inflation, increasing the cost of consumer goods from milk to cars to building materials. In Sold Out!, economic forecaster James Rickards (The Road to Ruin, The Death of Money) explains why the shelves are empty, who fractured the supply chain and why shortages will persist.

Beijing presents a clear and gathering threat to Washington, but not for the reasons you think. China's challenge to the West stems from its transformative brand of capitalism and an entirely different conception of the international community.

The free-market, limited-government development model has been an ecological and social disaster for the developing world. Sustainable and equitable development is only possible with the active involvement of a strong central state that can guide the economy, protect the environment, and prioritize meeting their people’s basic needs. In this sure-to-be-controversial audiobook, Chandran Nair shows that the market-dominated model followed by the industrialized West is simply not scalable.

In 1784, when Americans first voyaged to China, they confronted Chinese authorities who were unaware that the United States even existed. Nevertheless, a long, complicated, and fruitful trade relationship was born after American traders, missionaries, diplomats, and others sailed to China with lofty ambitions: to acquire fabulous wealth, convert China to Christianity, and even command a Chinese army. In America's First Adventure in China, John Haddad provides a colourful history of the evolving cultural exchange and interactions between these countries.

The dire economic situation we find ourselves in is not a result of economic forces alone, but of the policies pursued, and not pursued, by world leaders. In this collection of his recent writings on the global financial situation, George Soros presents his views and analysis of key economic policy choices leading up to, during, and following the financial crisis of 2008-2009.

As fossil fuel prices rise, oil insecurity deepens, and concerns about climate change cast a shadow over the future of coal, a new energy economy is emerging. Wind, solar, and geothermal energy are replacing oil, coal, and natural gas, at a pace and on a scale we could not have imagined even a year ago. For the first time since the Industrial Revolution, we have begun investing in energy sources that can last forever. Plan B 4.0 explores both the nature of this transition to a new energy economy and how it will affect our daily lives.

Penguin presents the unabridged downloadable audiobook of The Road to Ruin, written and read by James Rickards. The global economy has made what seems like an incredible comeback after the financial crisis of 2008. Yet this comeback is artificial. Central banks have propped up markets by keeping interest rates low and the supply of money free-flowing. They won't bail us out again next time. And there will be a next time...soon.

Medea Benjamin researches the sinister nature of the relationship between the US and Saudi Arabia. In seven succinct chapters followed by a meditation on prospects for change, Benjamin shines a light on one of the most perplexing elements of American foreign policy. Why, over a period of decades and across various presidential administrations, has the US consistently supported a regime shown time and again to be one of the most powerful forces working against American interests?

America is in decline, and the rise of the East suggests a bleak future for the world’s only superpower - so goes the conventional wisdom. But what if the traditional measures of national status are no longer as important as they once were? What if America’s well-being was assessed according to entirely different factors? In The Upside of Down, Charles Kenny argues that America’s so-called decline is only relative to the newfound success of other countries.

Becoming a digital business is not about having a great Web site, setting up separate e-businesses, having next-generation software, or wiring your workforce. It's about using digital technology to become unique...to create and capture profits in new ways. How Digital Is Your Business? can show you how.

Billions of dollars stolen from citizens are circling the globe, enriching powerful individuals, altering political outcomes, and disadvantaging everyday people. News headlines provide glimpses of how this corruption works and why it matters: President Trump's businesses struck deals with oligarchs and sold property to secretive shell companies; the Panama Papers leak triggered investigations in 79 countries; and corruption scandals toppled heads of state in Brazil, South Africa, and South Korea. But how do these pieces fit together?

Alan Krueger, the former chairman of the president's Council of Economic Advisers, uses the music industry as a way in to explain the principles of economics and the forces shaping our economic lives. As economists recognise, the music industry is often a leading indicator of today's economy; it is among the first to be disrupted by the latest wave of technology, and examining the ins and outs of how musicians create and sell new songs and plan concert tours offers valuable lessons for what is in store for businesses and employees in other industries that are struggling to adapt.