When nations fully embrace a free-market system, they not only experience an economic boom, but many positive social changes as well. Among those changes is the desire of people to reign over their own affairs and to seek individual freedoms. However, the consequences of unsound economic policies are harsh in today's world. Nations can no longer remain isolated from a damaging economic cycle in any part of the world, meaning everyone pays a price in some way during an economic downturn. Yet, for a country to separate itself from global markets and insist on self-sufficiency is a recipe for even worse disaster. ""The Changing Global Economy"" is a timely new book that delves into the challenges facing countries as they grapple with a world economy as it goes through ups and downs.

 

This book is part of a book series called Global Connections .

There are 112 pages in this book. This book was published 2009 by Chelsea House Publishers .

Zoran Pavlovic is a cultural geographer currently working at Oklahoma State University in Stillwater. Pavlovic is the author of several Modern World Nations titles, including Turkey, Italy , and Croatia , as well as Europe in the Modern World Cultures set, all for Chelsea House. Reuel Hanks received his Ph. D. in geography from the University of Kansas and specialises in economic and political geography. He is associate professor of geography at Oklahoma State University in Stillwater and is the author of two reference books, Central Asia: A Global Studies Handbook and Uzbekistan , as well as several articles and book chapters on Central Asia.