Globalisation and the international economy

Globalisation and the International Economy offers a clear and engaging exploration into the evolution of the global economic landscape. Michael Hedegaard takes readers on a journey through the history of global commerce, shedding light on seminal trade theories such as absolute and comparative advantage, factor endowment, and Porter’s Diamond Model with practical examples. The book also examines modern economic phenomena, including the unbundling of global value chains, the persistence of tariff barriers, and the growing significance of financial globalisation. Divided into distinct sections, the first part lays a solid foundation by addressing themes of globalisation, trade, tariffs, protectionism, and financial dynamics. The second part brings together insights from various experts, discussing topics like anti-globalisation movements, European integration, country risk, export finance, the free movement of labor, and foreign direct investment in emerging markets. Designed as an accessible introduction for undergraduate students and anyone interested in global economics, this work combines theoretical frameworks with real-world relevance. About the author: Michael Hedegaard holds a master’s degree in Economics and brings over 20 years of professional experience in international investment, finance, and business development. He is also an adjunct faculty member at esteemed institutions, contributing to both academic and professional discussions in the field.