Pressemitteilung des IfW vom 11.12.2006

Third Edition of
Horst Siebert’s World Economy

As globalization continues apace, market segmentations are diminishing, distance is shrinking and the boundaries between nation states are becoming increasingly blurred. National economies are closely interlinked through many channels and we rarely view things from a single country’s view, adopting a global perspective instead. It is therefore imperative to understand how the world economy functions. The third edition of Horst Siebert’s World Economy: a global analysis utilizes up to date empirical evidence to illuminate the mechanics of the world as a single entity. The author explores the properties of the world economy, the diverse mechanisms of interdependence, shocks and disturbances, economic processes and structures, and the institutional arrangements that guide these processes. Key topics covered include:

• world GDP, growth and global product and factor markets
• China as a new global player
• the roots and impact of financial and currency crises
• the performance of the developing countries over time (which have gained, which have lost?)
• conflicts between the national interest and global concerns (protectionism, locational competition for mobile factors of production, environmental issues)
• the institutional arrangements for the world economy (IMF, WTO).

Horst Siebert is president-emeritus of the Kiel Institute for the World Economy, Germany, and Heinz Nixdorf Professor for European Studies at the Bologna Center of Johns Hopkins University.

Contact:

Professor Dr. Dr. h.c. Horst Siebert
Phone 0039-051-291-7821
hsiebert@jhubc.it