The Global Market and Developing Nations


In this world of extremes, many of the world's extremes stem from economics. So the term global economy covers a lot of ground. It includes the mansions of Beverly Hills on the one hand and, on the other, the favelas (shantytowns) in the hills of Rio de Janeiro. Its inhabitants range from multibillionaire oil sheiks to people so poor that they eat rats in order to survive. Its markets operate with all the sophistication of the Goldman Sachs trading floor in Manhattan and all the simplicity of the barter society of the Huli tribe in Papau New Guinea.

It's not going too far to say that it's impossible to understand the world we live in without understanding its economics. In this section, we take a tour of the world economy and get to know the key players on a national level. We also look at the major economic developments going on in the world today, and the stakes in these issues for various parties.

book cover

Excerpted from The Complete Idiot's Guide to Economics © 2003 by Tom Gorman. All rights reserved including the right of reproduction in whole or in part in any form. Used by arrangement with Alpha Books, a member of Penguin Group (USA) Inc.

To order this book direct from the publisher, visit the Penguin USA website or call 1-800-253-6476. You can also purchase this book at and Barnes & Noble.


Creative Art Ideas for Every Age
Creating art as a child has endless developmental benefits! We've partnered with Shutterfly to bring you imaginative art projects to keep your Monet learning at every age and stage.

Find Today's Newest & Best Children's Books!
Looking for newly released books for your child? Try our new Book Finder tool to search for new books by age, type, and theme, and create reading lists for kids!

7 Tips for Managing School-Related Anxiety
Is your child feeling intense school-related stress and anxiety? Learn the signs of anxiety disorders and get tips for managing academic stress.

Ready for Kindergarten?
Try our award-winning Kindergarten Readiness app! This easy-to-use checklist comes with games and activities to help your child build essential skills for kindergarten. Download the Kindergarten Readiness app today!

stay connected

Sign up for our free email newsletters and receive the latest advice and information on all things parenting.

Enter your email address to sign up or manage your account.

Facebook icon Facebook icon Follow Us on Pinterest

editor’s picks