Years after the global financial crisis that broke out in 2007–2008, the industrial world’s economies are still growing too slowly to restore full employment. Emerging markets, despite impressive income gains in many cases, remain vulnerable to the ebb and flow of global capital. And finally, an acute economic crisis in the euro area has lasted since 2009, bringing the future of Europe’s common currency into question. This tenth edition therefore comes out at a time when we are more aware than ever before of how events in the global economy influence each country’s economic fortunes, policies, and political debates. The world that emerged from World War II was one in which trade, financial, and even communication links between countries were limited. More than a decade into the 21st century, however, the picture is very different. Globalization has arrived, big time. International trade in goods and services has expanded steadily over the past six decades thanks to declines in shipping and communication costs, globally negotiated reductions in government trade barriers, the widespread outsourcing ofproduction activities, and a greater awareness of foreign cultures and products.

2007-2008年全球金融危机爆发多年后，工业世界的经济增长仍然太慢，无法恢复充分就业。尽管在许多情况下，新兴市场的收入增长令人印象深刻，但它们仍然容易受到全球资本涨落的影响。最后，自2009年以来，欧元区的一场严重的经济危机一直持续，这给欧洲共同货币的未来带来了疑问。因此，第十版出版之际，我们比以往任何时候都更加意识到全球经济事件如何影响每个国家的经济命运、政策和政治辩论。第二次世界大战后出现的世界，各国之间的贸易、金融甚至通讯联系都受到限制。然而，进入21世纪的10多年，情况却大不相同。全球化已经到来，大好时机。过去60年来，由于航运和通讯成本下降、全球谈判减少政府贸易壁垒、普遍外包生产活动以及提高对外国文化和产品的认识，国际货物和服务贸易稳步扩大。

2007-2008年全球金融危机爆发多年后，工业世界的经济增长仍然太慢，无法恢复充分就业。尽管在许多情况下，新兴市场的收入增长令人印象深刻，但它们仍然容易受到全球资本涨落的影响。最后，自2009年以来，欧元区的一场严重的经济危机一直持续，这给欧洲共同货币的未来带来了疑问。因此，第十版出版之际，我们比以往任何时候都更加意识到全球经济事件如何影响每个国家的经济命运、政策和政治辩论。第二次世界大战后出现的世界，各国之间的贸易、金融甚至通讯联系都受到限制。然而，进入21世纪的10多年，情况却大不相同。全球化已经到来，大好时机。过去60年来，由于航运和通讯成本下降、全球谈判减少政府贸易壁垒、普遍外包生产活动以及提高对外国文化和产品的认识，国际货物和服务贸易稳步扩大。