The international economy under stress /

Fieleke deals with some of the major problems facing the international economy today--oil price shocks, the rise of protectionism, Third World debt crisis, the huge US external borrowing, the international monetary system, and economic interdependence--in a very efficient and well-ordered manner. The author presents his arguments cogently in the book's six chapters, discussing the causes, consequences, and possible solutions to each of the problem areas he considers. Fieleke argues strongly and persuasively for more free trade rather than protectionism and for increased cooperation and coordination of economic policies in view of increasing interdependence of the economies of nations. The book is very well written and is accessible to both general readers and professional economists. Though written in nontechnical language, the analysis is first-rate and the data to support it should be of interest to the professional economist. One of the best books to appear on the subject, it is highly recommended to all interested in international economics and international relations. -K. Gyimah-Brempong, Wright State University