This accessible introduction to the world economy and to the theory and practice of globalization argues that key topics in international economics cannot be understood without knowledge of international business, and vice versa. It reviews and combines insights from both literatures and applies...

A comparative analysis of Chinese bubble with Japanese bubble -- Bubble phenomena and path dependence in China -- State capitalism and bubble phenomena in China -- A political economy of systemic transition and bubble phenomena -- A political economy of Chinese outward foreign direct investment...