Gregory and Stuart have revamped this definitive text to mirror major changes within the global economy of the 21st century. In addition to a new title, the book now features more emphasis on transition, the acceleration of globalization, present trading agreements, and recent exchange rate regimes.

• The authors have incorporated the latest ideas on privatization, the changing role of the state, and developments in corporate governance.
• The discussion of key regional clusters covers Asia, as well as Western and Eastern Europe—giving students a wide variety of case studies for comparison.