Kenwood and Lougheed's classic book has been the benchmark introduction to the development of the global economy for decades. For this fifth edition, Michael Graff has brought the story up to date to include events from the early part of the twenty first century - continued globalization, the emergence of Asia as an economic power and the greater role played by business on the international scene.
Beginning with the industrial revolution, the book charts the long nineteenth century, the impact of colonialism, the fast pace of technology growth and the impact of global wars. New features to this edition include:
a prologue explaining the initial conditions faced by the world economy in 1820, detailing the beginnings of international trade and the influence of slavery
greater coverage of developing countries
increased coverage of World Wars I and II and of the twentieth century
a number of appendices outlining the economic concepts and theories underlying the text
This new edition of Growth of the International Economy provides the reader with a clear understanding of the factors which have been instrumental in creating the economic environment we face two hundred years after the industrial revolution.
Prologue: The international economy from the beginnings to 1820 Part I: The International Economy, 1820-1913 1. The Causes of the Growth of the International Economy in the Nineteenth Century 2. International Long-Term Capital Movements, 1820-1913 3. International Migration, 1820-1913 4. Commercial Policy in the Nineteenth Century 5. Foreign Trade in the Nineteenth Century 6. The Evolution of a Multilateral Payments Network 7. The Evolution of an International Monetary System: The gold standard until 1914 8. International Aspects of Economic Growth in the Nineteenth Century: The spread of industrialisation 9. International Aspects of Economic Growth in the Nineteenth Century: The export economies 10. Trends and Fluctuations in the International Economy before 1913 Part II: World War I and the Interwar Years 11. The International Economy from 1914 to 1939 12. The Restoration of the Gold Standard and the Economic Recovery of the 1920s 13. The Collapse of the Gold Standard and the Disintegration of the International Economy 14. International Trade during the Interwar Period 15. The Great Depression: An overview Part III: World War II and the Post-1945 International Economy 16. The International Economy from 1939 to 1950 17. The International Economy, 1950-2000 18. International Monetary Relations, 1945-2000 19. The GATT, the World Trade Organisation and International Commercial Policy, 1947-2000 20. Trade and Growth in the International Economy: The developed countries, 1945-2000 21. Trade and Growth in the International Economy: The Periphery, 1945-2000 22. The New Millennium: 2001-2012 23. The International Economy until 2015 and Beyond
