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The World Economy provides an analysis of global economic structures and processes. Horst Siebert breaks new round in taking the widest possible view of the world economy and examining it as a truly global entity.Individual chapters provide a comprehensive, state-of-the-art overview of core issues and themes, including world GDP, world aggregate demand, economic growth, the role of trade, global product and factor markets, world monetary and financial markets and exchange rates, regional integration: NAFTA and the European Union. The book also explores potential conflicts between: *national interests and global concerns*trade policy versus free trade*locational competition amongst states^The World Economy also provides authoritative overviews of the most recent developments in global economics, from EMU to the East Asian crisis.