In recent years there has been plenty of evidence to show just how closely the different economies around the world depend on each other. In order to fully understand our own economy it is now vital to understand it within the global perspective. There have been a number of great books written on this subject. Here are the top 5 best global economics books reviewed.
The Global Economic System: How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises by George Chacko, Carolyn L. Evans, Hans Gunawan and Anders L. Sjoman(2011)
This book examines the different global financial systems; in particular the focus is on liquidity. It not only looks at the way these institutions work but also what causes them to fail. If you want to know how a financial crisis really impacts an economy this will be an indispensable text. It does not cover all the aspects of global economics, but it does provide an insightful look at the liquidity crisis in an international context.
The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade by Pietra Rivoli (2009)
This book only focuses on a tiny aspect of the economy — the life of a t-shirt. By looking at just this one product though, the writers are able to delve into many aspects of the global economy. It is a truly fascinating read and you are sure to pick up plenty of new information. This book shows how the different parts of the global economy fit in with each other. It does all this with just a simple t-shirt as a starting point.
The Economics of Global Turbulence by Robert Brenner(2006)
This book offers a unique look at the current global economy. The views reached in the text won’t be shared by everyone, but the arguments provided by the author are compelling and backed with evidence. This is an easy book to read and many readers will find that it is hard to put down.
Managing in a Global Economy: Demystifying International Macroeconomics by John E. Marthinsen (2007)
Although this book is written specifically for MBA students it is suitable for almost anyone with an interest in international macroeconomics. The author does a good job of explaining this topic in simple terms and with plenty of real world examples. By the time the reader has finished a few chapters they should feel that they understand the global economy a lot better. It is also good book to have in your library for reference purposes.
The Complete Idiot’s Guide to Global Economics by Craig Hovey and Gregory Rehmke (2008)
I’m not a huge fan of the Complete Idiot’s Guide series but this book on Global economics is one of the better ones. It covers all the main topics in enough depth to allow the reader to get a good idea about the main issues. This is probably more useful as an introduction from which to explore issues further with more reading. If you just want a basic understanding of global economics it will be perfect.