When nations fully embrace a free-market system, they not only experience an economic boom, but many positive social changes as well. Among those changes is the desire of people to reign over their own affairs and to seek individual freedoms. However, the consequences of unsound economic policies are harsh in today's world. Nations can no longer remain isolated from a damaging economic cycle in any part of the world, meaning everyone pays a price in some way during an economic downturn. Yet, for a country to separate itself from global markets and insist on self-sufficiency is a recipe for even worse disaster. ""The Changing Global Economy"" is a timely new book that delves into the challenges facing countries as they grapple with a world economy as it goes through ups and downs.

Series edited by: Charles F. Gritzner