個案資料

International Economics: Understanding the Forces of Globalization for Managers is a 6-chapter book published in 2013 by the Business Expert Press and written by Dr. Paul Torelli, chief economist at Quantitative Social Science. The author explains that, because of the impact of globalization, new technology, and international trade, business managers need more than ever to understand basic economic concepts to make well-rounded decisions. To that end, this book outlines the conceptual foundation of economic globalization. Starting with the important milestones in the history of global trade development, the author explores how global trade has developed, and how globalization has fostered growth, consumption, and higher standards of living. He explains the core models of economic theory relevant to managers and how these concepts provide a framework for interpreting the global economy. He also shares insight on using the book in management courses and suggests complementary readings including case studies. In Chapter 2, Economic Growth, Convergence, and Trade (24 pages), the author considers the factors that lead to varying growth rates between countries. He explains how the Neo Classical Growth Model provides a framework for understanding long-term growth. He reviews the three components of the model, labor, capital, and technology, and the implication that varying the input of labor and capital can lead to an equilibrium state. He provides support for the model through the analysis of how globalization facilitated growth in Asia, Latin America, and Africa.

• International business
• Economic forecasting
• Trade