This text is widely acknowledged to be the best available introduction to the study of the international economy as a mechanism for diffusing modern economic growth between nations. Updating the story to the present day, this edition covers the latest developments in international economics. Significant new additions include:

* globalization and the world economy
* the growth of regional trading blocs
* globalization and financial crisis in Asia
* transition to the market in post-communist economies

Packed with new references and data, The Growth of the International Economy is an indispensable guide to the world economy as it enters the new millennium.