COVERAGE OF THE WORLD FINANCIAL CRISIS
The world financial crisis and its aftermath are covered in many chapters:
• Chapter 1 discusses the abrupt fall in international trade and its partial recovery
• Chapter 2 discusses the increased pressures for protectionist trade policy, including U.S. tariffs against China.
• Chapter 22 looks at the ongoing challenges to the European Union and the Euro
NEW IN COVERAGE OF INTERNATIONAL TRADE
New coverage of the continued fallout from the global financial crisis, including U.S. tariffs against China, the ongoing challenges to the European Union and the Euro currency, and the offshoring of service jobs.
New coverage of:
• NAFTA after 15 years
• General Motors in the China market
• the 2009 Copenhagen Climate Summit
• Monetary and fiscal policies at the zero bound
• Disguising economic problems through creative accounting
• Using foreign reserves to cushion the effects of fiscal shocks
NEW IN COVERAGE OF INTERNATIONAL MACROECONOMICSNew coverage of:
• The global financial crisis
• Monetary and fiscal policies at the zero bound
• The crisis of the Eurozone
Updated/expanded coverage of:
• Precautionary reserves and the case of Chile
• The new role of the IMF
• Update on global imbalances