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The Puzzle of Twenty-First-Century Globalization: An International Economics Primer

Explains definitions of globalization, transformational timeline, synergy changes in trade, finance, labour, production, and institutional changes along with brief samples of changes in selected countries and industries. Looks at history of globalization in terms of change drivers and impacts on political economy. Explores a new dynamic of global trade, such as trade pattern, problems of international trade, trade protectionism, barriers to trade, and multilateral mechanisms. Revisits global financial flow and crisis, emerging market and developing economies. Looks at globalized production and labour markets, such as cross-border works, transnational production network, movement of labour, brain drain, remittance, human trafficking, children work, and social protection. Mentions sustainability concerns, such as environment, energy, petroleum, climate change and global warming. Concludes challenges of the changing global rules.