World Economics

In one lifetime GDP, or gross domestic product, has ballooned from a narrow economic tool into a global article of faith. It is our universal yardstick of progress. As The Little Big Number demonstrates, this spells trouble. While economies and cultures measure their performance by it, GDP ignores central facts such as quality, costs, and purpose.

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?

The World Is Curved reveals how today's risky environment came to be - and why the mortgage mess is a symptom of potentially far more devastating trouble. He wrestles with the two questions on everyone's mind: How bad could things really get in today's volatile economy? And what can we do about it?

Consider, for example, the case of the Swedish match king. At one time, Ivar Kreuger, manufactured almost half of the world's matches, with monopolies in 16 countries. He had so much money that he was a reliable lender to many countries, becoming known as the 'saviour of Europe' for his willingness to give aid to banks crippled by World War I. At the time of the 1929 market crash, his was the most widely held stock in the world. When he killed himself three years later, the whole thing went up in flames.

From Wall Street to the West Coast, from blue-collar billionaires to blue-blood fortunes, from the Google guys to hedge fund honchos, All the Money in the World gives us the lowdown on, among other things: the all-time richest Americans, who made and lost the most money in the past 25 years, the fields and industries that have produced the greatest wealth, the biggest risk takers, the most competitive players, the most wasteful family feuds, the trophy wives.

Uber, Airbnb, Lyft, and Waze are examples of a whole generation of new companies taking the world by storm. Using data, analytics, and the sharing economy, they come out of nowhere to take over industries once dominated by huge companies. How do they cause such disruption? How do they take their new business models and jerk entire industries in a year or two? In Jerk: Twelve Steps to Rule the World award-winning author Christopher Surdak explains how these companies do what they do, why they are successful, and why their rise to dominance may be inevitable.

Did you know that subsidized goods often cost us more than we'd pay for them in the free market? In fact, we sometimes pay for goods that will never exist at all. It turns out that the free market in America is anything but. How did a system designed to safeguard American farmers turn into the nation's biggest scam?Most of us don't know what subsidies are and don't think they affect us directly, so we tune out. But they have an enormous impact on all of us.

In the past 30 years, China has transformed from an impoverished country where peasants comprised the largest portion of the populace to an economic power with an expanding middle class and more megacities than anywhere else on Earth. This remarkable transformation has required, and will continue to demand, massive quantities of resources. Like every other major power in modern history, China is looking outward to find them.

We all know the bad news. The heady promise of the Arab Spring has given way to repression, civil war, and an epic refugee crisis. Economic growth is sputtering. Income inequality is rising around the world. And the threat of ISIS and other extremist groups keeps spreading. We are living in an age of unprecedented, irreversible decline - or so we're constantly being told. Jonathan Tepperman's The Fix presents a very different picture.

In Chasing the White Dog, journalist Max Watman traces the historical roots and contemporary story of hooch. He takes us to the backwoods of Appalachia and the gritty nip joints of Philadelphia, from a federal courthouse to Pocono Speedway, profiling the colorful characters who make up white whiskey's lore. Along the way, Watman chronicles his hilarious attempts to distill his own moonshine - the essential ingredients and the many ways it can all go wrong - from his initial ill-fated batch to his first successful jar of 'shine.

Free market capitalism is one of humanity's greatest inventions, and the greatest source of prosperity the world has ever seen. But it's also on the verge of destroying the planet and destabilising society in its single-minded pursuit of maximising shareholder value. Rebecca Henderson, McArthur University Professor at Harvard University, argues for a new framework; one that can simultaneously make a positive societal impact while also delivering sustained financial performance.

Today’s major technology companies - Google, Facebook, Amazon, Tesla, and others - wield more power than national governments. In this comprehensive, engaging, and prescriptive audiobook, Alexis Wichowski considers their growing and unavoidable influence in our lives, showing in eye-opening detail how these net states are conquering countries, disrupting reality, and jeopardizing our future - and what we can do to regulate and reform the industry before it does irreparable harm to the way we think, how we act, and how we’re governed.

A WORLD WITHOUT MONEY? No longer a futurist utopian dream, a money-free world of true abundance, peace and fulfilment is attainable today. Find out why we need it, how it will work, why it will work, and how we get there. This book is your bite-size guide to the Open Economy.

From the development of international trade fairs in the 12th century to the innovations made in China, India, and the Arab world, it turns out that historical economies were much more sophisticated that we might imagine, tied together by webs of credit and financial instruments much like our modern economy.

Our world is constantly buffeted by new and dramatic changes we can't fully grasp. No one is fully prepared for the challenges, crises, and risks that lie ahead. The Extreme Future is a blueprint for what's next and how to navigate these changes.

In the wake of the 2008 financial crash, Daniel W. Drezner, like so many others, looked at the smoking ruins of the global economy and wondered why global economic governance structure had failed so spectacularly, and what could be done to reform them in the future. But then a funny thing happened. As he surveyed their actions in the wake of the crash, he realized that the evidence pointed to the exact opposite conclusion: global economic governance had succeeded.

"Economics for a Changing World: Shaping the Future of Global Prosperity" is a comprehensive exploration of modern economics, offering valuable insights into key concepts, theories, and policy implications. Covering both macroeconomic and microeconomic perspectives, the book addresses fundamental principles such as monetary policy, inflation, and unemployment, while also delving into topics like interest rates and statistics to provide analytical tools for navigating economic phenomena. Readers will gain an understanding of the role of financial institutions in shaping economic outcomes, ...

Thirsty Dragon lays bare the untold story of how an influx of Chinese money rescued France's most venerable wine region from economic collapse and how the result was a series of misunderstandings and crises that threatened the delicate infrastructure of Bordeaux insular wine trade.

Fruto del espectacular avance de la ciencia en los últimos decenios, la globalización está transformando de forma radical el orden social y económico del siglo XXI. En un mundo más pequeño y conectado, el progreso y el bienestar llegan hasta el último rincón del planeta, rescatando de la miseria a cientos de millones de personas. Sin embargo, la nueva economía virtual, sumada a la progresiva sustitución del trabajo humano por robots y computadoras, ha generado también un incremento de la desigualdad de tal dimensión que preocupa incluso a quienes no la padecen.

Look at a map of the world and you'll see a neat patchwork of nation-states. But this is not where power actually resides. From the 1990s onwards, globalization has shattered the map, leading to an explosion of new legal entities: tax havens, free ports, city-states, gated enclaves and special economic zones. These new spaces are freed from ordinary forms of regulation, taxation and mutual obligation—and with them, ultracapitalists believe that it is possible to escape the bonds of democratic government and oversight altogether.