Overview

Growth of the International Economy has been the benchmark introduction to the development of the global economy for decades. Updating the story to the present day, the new edition of this classic textbook includes coverage of key events from 2008 onwards that have influenced and disrupted the global economy. Beginning with the Industrial Revolution, this book charts the long nineteenth century, the effects of colonialism, the fast pace of technological growth and the impact of global wars. Significant additions to the sixth edition include coverage of the aftermath of the Great Recession, the growing influence of China and the New Silk Route and the economic consequences of the COVID-19 pandemic. The geopolitical and economic reasons for the war in Ukraine and its ramifications are also considered. References and recommended reading are included at the end of each chapter to encourage further study as well as a selection of appendices outlining the economic concepts and theories underpinning the text. This new edition, Growth of the International Economy, 1820–2025, provides the reader with a clear understanding of the factors that have been instrumental in shaping the economic environment we face 200 years after the Industrial Revolution.

Full Product Details

Author:   Michael Graff ,  A. G. Kenwood ,  A. L. Lougheed
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Edition:   6th edition
Weight:   0.453kg
ISBN:  

9781032465371

ISBN 10:   1032465379
Pages:   410
Publication Date:   20 May 2026
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Hardback
Publisher's Status:   Forthcoming
Availability:   Not yet available  
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Table of Contents

Introduction. Prologue: The International Economy from the Beginnings to 1820. 1. The Causes of the Growth of the International Economy in the Nineteenth Century 2. International Long-Term Capital Movements 3. International Migration 4. Commercial Policy in the Nineteenth Century 5. Foreign Trade in the Nineteenth Century 6. The Evolution of a Multilateral Payments Network 7. The Evolution of an International Monetary System: The Gold Standard Until 1914 8. International Aspects of Economic Growth in the Nineteenth Century: The Spread of Industrialization 9. International Aspects of Economic Growth in the Nineteenth Century: The Export Economies 10. Trends and Fluctuations in the International Economy Up to 1914 11. The International Economy from 1914 to 1939 12. The Restoration of the Gold Standard and the Economic Recovery of the 1920s 13. The Collapse of the Gold Standard and the Disintegration of the International Economy 14. International Trade During the Interwar Period 15. The Great Depression: An Overview 16. The International Economy from 1939 to 1950 17. The International Economy, 1950–2000 18. International Monetary Relations, 1945–2000 19. The GATT, the WTO and International Commercial Policy, 1947–2000 20. Trade and Growth in the International Economy: The Developed Countries, 1945–2000 21. Trade and Growth in the International Economy: The Periphery, 1945–2000 22. The New Millennium, 2001–24 23. The International Economy until 2024 and Beyond. Bibliography.

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Author Information

Michael Graff is Professor Emeritus of ETH Zurich, Switzerland. From 2007 until his retirement in 2024, he was Head of the Business Cycle Research Division at the KOF Swiss Economic Institute. Before this, he was Professor of Development Economics at Jacobs University Bremen, Germany; Senior Lecturer at the University of Queensland, Australia; and Economic Advisor at the Reserve Bank, New Zealand. A. G. Kenwood retired as Head of the Department of Economics at the University of Queensland, Australia in 1989. He retained his interest in teaching (at universities in Queensland and Papua New Guinea), research and publishing in his areas of interest – Australian and British economic history and development. George was also an Honorary Research Consultant at the University of Queensland until he passed away in 2005. A. L. Lougheed was an educator, first as a primary and secondary teacher, then as a Lecturer and Reader in Economics at the University of Queensland, Australia. Alan retained his keen interest in research, publishing and teaching (at universities in Queensland) after his retirement in 1992. He was an Honorary Research Consultant at the University of Queensland until he passed away in 2002.

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