A half century ago, the increasing household income drove up the consumption level in the United States, contributing to social development and reshaping the global economic landscape. Now as the fast-growing middle class in China gradually becomes the country’s major source of productivity, a rapidly expanding group of Chinese wealthy consumers are changing the world at a pace unprecedented inhuman history, and in ways almost impossible to foresee even a few years before...

In China’s Economy: What Everyone Needs to Know, Arthur Kroeber examines the recent development and roles of key sectors in China’s economy. He also discusses the hot issues of labour markets, consumer spending, and income inequality. His discussion addresses current problems and how the Government has reacted to them. The last two chapters emphasize the need for China to focus on more efficient growth and its growing impact on the world...

In February 2016, the Trans-Pacific Partnership (TPP) agreement was signed by the United States and 11 other countries around the Pacific Rim. As the first mega-regional agreement involving the United States signed in two decades, its economic and social impacts have been under serious discussion among economists...

Recently, Wired.com featured an article titled, “Here’s How People 100 Years Ago Thought We’d Be Living Today.” 1 The article showcased several Victorian postcards that imagined how the future would look like. My favorite is one of a seahorse cavalry. Of course, seahorse cavalries have no place in a modern military force. Divisions of armored tanks, an invention with unimaginable firepower has long replaced cavalries. If few saw the possibility of so formidable a weapon, then even fewer could have imagined advancements as transformational as that of computers and information technology.

As skyscrapers spout and railways roar through the vast land, the rapidity of China’s economic development becomes impossible to ignore. Thirty years has seen China evolve from a planned economy to a mixed economy, with new buildings shining with the gleam of modernity. What hazards lie under the shiny surface? Is this “rapidity” sustainable?

There are nearly 22 million international migrants from the East Asia and Pacific (EAP) region. The economic implications of this migration are enormous. In 2013 migrants from the EAP remitted approximately US $112 billion back to their home countries, far more than the sum of official development assistance to the region. In “International Migration and Development in East Asia and the Pacific” the authors look at the impact of migration on remittance-receiving households and the economies of labour-sending countries...

In the book “Financing Trade and International Supply Chains,” Alexander R. Malaket, the author, starts by discussing the importance of international trade with respect to growth, economic prosperity, international development and how it has been seen as the path to recovery following the 2007 global economic crisis.

In a globalized and highly-connected world, should we still study countries as individual entities? This question mainly arises in response to introductory macroeconomic textbooks which tend to oversimplify the economic system by initially assuming autarkic countries, i.e. not opened up to trade. Earth Economics offers an original approach to basic macroeconomic concepts by challenging this traditional (introductory) assumption of closed economies. Instead it presents a system comprising one single and ultimate closed economy: the planet Earth.

Intellectual property rights (IPRs) play a pivotal role in modern society but remain strongly contested and controversial. Indeed, the issue of ‘copyright’ has created a “clash of civilizations” between the Anglophone world and Continental Europe. This fight over different ideas of copyright has raged across the channel and across the Atlantic since the late eighteenth century. This book discusses these struggles over IPRs chronologically beginning with early history and taking the story to the modern day.

The book “GDP: A Brief but Affectionate History”, takes a historic view of how an artificial yet highly influential indicator of economic success: GDP, came into being, evolved through time, and outlines the challenges it has faced along the way. The author highlights the popularity of this statistic even during its infancy, and how important it has become over a short span of time, attaining the status of being a proxy for national success or failure. This single statistic has the power to decide the fate of elections, overthrow governments and initiate popular movements.