Understand the business of macroeconomics Why is the standard of living in some countries so much higher than in others? Why does unemployment sometimes rise sharply in a short time and what can governments do about it? When, if ever, should governments borrow to finance spending? Written with a strong global business focus, Miles and Scott's Macroeconomics and the Global Business Environment, Second Edition examines fascinating, real-world economic issues, shows why these issues matter, and uses them as an entry point into advanced economic theory. Throughout, the authors present technical material clearly and accessibly, allowing you to develop a solid understanding of the global economy and how economists think about it. Features Revised and updated with current economic data. Includes new material on key topics, including globalization, aid and debt relief, and transition economies. Offers a unique blend of international perspective, technical detail, and real-world examples. Presents a wide range of topics using extensive current and historical data. Focuses on the international economy with an extensive analysis of exchange rates and global capital markets. This text is particularly suited to MBA students, business majors, and more generally to those who want to understand macroeconomics.David Miles is the author of 'Macroeconomics and The Global Business Environment', published 2004 under ISBN 9780471644552 and ISBN 0471644552.