6 Books to Read to Know More about International Economics

The world economy is a playground of political, diplomatic and business strategies. No wonder students pursuing international economics take assignment help from experts and seniors. There are so many factors at play, and the intricacy of each element can throw you off if you do not understand the basics of international economics. 

On that note, here are 6 books that you can read and gather insights for your international economics assignments and help yourself to good grades.

 

1.      The Willing World: Shaping and Sharing a Sustainable Global Prosperity

This book is written by James Bacchus, a former member of the US Congress and the twice-appointed chairman of the World Trade Organization. As an environmentalist, Bacchus addresses the problems that can be solved only by international cooperation. He also elaborates on why such cooperation should involve the economy and the environment at the same time.

 

2.      The Fed and Lehman Brothers

The world witnessed the most significant moment in the history of the world economy since the Great Depression in September 2008 when US authorities let Lehman fail. In his book, Lawrence Ball proves why the decision was not a necessity. He explains how the authorities could have had prevented the bankruptcy. In this matter, he explores the realms of political pressures and how it played a role in the incident.

3.      Principles for Navigating Big Debt Crises

The billionaire founder of Bridgewater (one of the world’s largest hedge funds), Ray Dalio provides a detailed study of economic history in his book. The insights will help you understand the economic mechanisms of the international market that turns the wheels of big credit cycles. If you are specialising in risk analysis, then this book is a must-read for it will provide an informative analysis of investing and policy-making strategies.

 

4.      The Future of Capitalism: Facing the New Anxieties

Paul Collier, one of the most distinguished economists in the UK, analyses what the deficits of the concept of contemporary capitalism. His book focusses on the increasing divide between the educated and the less-educated and links it to the emergence of booming metropolis amid declining provinces. Read the book for pragmatic and perceptive insights into the concept of global prosperity.

 

5.      A Crisis of Beliefs: Investor Psychology and Financial Fragility

Written by the economists due, Nicola Gennaioli and Andrei Shleifer, this book is more of a follow up of the seminal work by the late Hyman Minsky. In this book, the authors navigate the cycle of mistakes. As per this cycle, the investors first make mistakes. The authors argue that these mistakes are systematic and predictable. Once the errors are committed, the trait of “diagnostic expectations” rooted in human psychology explains these mistakes.

 6.      Are Chief Executives Overpaid?

In her book, Deborah Hargreaves answers the question with a yes and then goes on to justify her answer rightfully. The founding director of the High Pay Centre, Deborah, argues how the explosion in executive-level salary has resulted in rent extraction over the past few decades. She also explores and busts the age-old myth of better rewards leading to superior performance.

Get these books at the earliest and read them to up your level. You will learn to see the global economy with a fresh perspective.