The World Economy: Resources, Location, Trade and Development

by Frederick P. Stutz, Anthony R. Desouza

Provides a sound theoretical and practical foundation for understanding the global economy in an era of shifting borders, restructuring economies, and regional realignments. The book covers population, natural resources, and international trade. It combines theory with geography in addressing growth, distribution, and development, and to explain their impact on international business. Portrays recent geopolitical changes and uses real-world examples. Promotes a greater appreciation of international and U.S. economic issues through a global perspective while highlighting world trade. The fifth edition of World Resources, Location, Trade and Development has been revised to include a chapter on giant emerging markets and a half chapter on telecommunications and information technology. It emphasizes global interdependence; flixible manufacturing; the globalization of business, culture, environmental problems, and telecommunications; and the transnational corporation. It discusses the declining roles of traditional factors of production and provides the latest country-by-country economic data for all of the world's major economies. An essential reference for any professional or business owner doing business in the world economy.

Genres: Economics, Nonfiction

Hardcover

First published December 31, 1969

Reviews

[Muhammad al-Khwarizmi · Rating 2 out of 5]

I actually want to give this book 2.5 stars but can't. Anyhow it's OK but not great. A lot of the stuff in here is things that a person would know if they paid even a little attention to world issues. I guess it's fair to try to be comprehensive and some people have just got to start somewhere but I shudder to think who is graduating from college anymore. My most serious complaint is that, theoretically, this book is a mess, and I do mean a mess. At some times, neoclassical economic approaches are presented without criticism, including the ubiquitous supply / demand curve graphs, and at other times Marxist and even more radical constructivist views in the Marxist vein are emphatically asserted to be true, along with a mélange of other heterodox viewpoints. Now I am heterodox myself but this shit just doesn't make sense. For instance, at one point, the authors are dismissing the major arguments for protectionism in trade, but then criticizing the policies of the Bretton Woods institutions only a few pages later. Also, the authors should be made well aware that Bethlehem Steel is now defunct and the main site in Bethlehem proper has been converted to a casino. Get up to speed, guys.