Book Description
The definitive text in its field since 1975, the Seventh Edition continues the timely examination of different economic systems—both in theory and in practice. Gregory and Stuart have revamped the text to mirror major changes within the global economy of the 21st century. In addition to a new title, the book now features more emphasis on transition, the acceleration of globalization, present trading agreements, and recent exchange rate regimes.
Parts I–III lay the groundwork for later comparisons by outlining traditional systems (plan and market) as well as a broad spectrum of system variants. Also, these parts cover the impact of globalization and the emergence of important regional clusters. Parts IV–VI primarily address the era of transition dating from the late 1980s through the 21st century.New! An increased emphasis on transition reflects fundamental changes around the world.New! The authors have incorporated the latest ideas on privatization, the changing role of the state, and developments in corporate governance.New! The discussion of key regional clusters covers Asia, as well as Western and Eastern Europe—giving students a wide variety of case studies for comparison.New! The HM ClassPrep with HM Testing 6.0 CD-ROM offers instructors a comprehensive list of support tools, such as PowerPoint slides, lecture outlines, and a customizable test bank.
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