CHAPTER FOURTEENThe economics of global markets
1. Introduction
This chapter presents an introduction into what is commonly approached as ‘international economics’. This term reflects the special conditions of the late 19th and the 20th century when governments of nation states emerged as central actors in national economies and adopted a powerful role in shaping the institutions of economic relations between those nation states. However, many important features of current economic developments clearly transcend the international framing, among them, the global reach of the technosphere and the global dimension of climate change together with other environmental issues. Matching with this, the term ‘globalisation’ ...
Get A New Principles of Economics now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
