International Economic Trend Analysis

International Economic Trend Analysis

International Economic Trend Analysis

International Economic Trend Analysis

Synopsis

The rise of large economic regions rivaling the United States will challenge its competitive strength and ability to withstand cross-border economic turbulence--a challenge the U.S. has not faced in more than 50 years. To meet this challenge, American business leaders need a comprehensive understanding of the existing global economic and monetary system. It is that, plus an explanation of international economic trend analysis, that Schaefer's book provides. Based on key economic and financial indicators published weekly in The Economist, Schaefer integrates a discussion of established international economic concepts with actual economic and financial data, giving readers a system to evaluate current economic indicators and anticipate future trends. An important resource for professionals and academics in international finance and investment, and for corporate management operating on a global scale.

Excerpt

International economics is a complex subject made almost incomprehensible by the vast amounts of data and other information now available in quantities, accuracy, and real time unprecedented in human history. One of the most successful means of dealing with complex information is by using a systematic approach for accumulating and evaluating data. This approach is at the heart of most management information systems. Unfortunately, available systems for international economics were expensive and time consuming. Consequently, I began developing my own system utilizing the readily available data published in The Economist. It has proven remarkably helpful.

A successful analytical system also requires a basic analytical model. Law school had taught me that an important reason for written judicial opinions was as a discipline to force judges to reason logically about the facts and issues before them. Applying the same concept to the subject of international economics and finance, I found that writing this book forced me to think deeply about the subject matter and develop an overall understanding of the existing international economic system.

Although the subject matter may be laborious, patient attention to the material will make the diligent reader fully conversant with the complex ebbs and flows of international economic and financial events. We are entering an unprecedented period in international economic growth; yet there remain vast differences in economic theory, government policy, and data, causing national economies to move in divergent directions threatening to capsize trade and financial markets. The international matrix system presented here will improve the understanding of international economic events leading to better business and investment decisions.

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