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In the curricula of highly ranked MBA programs, two areas of discussion are conspicuously absent: International Trade, and Global Macroeconomic Policy.�In this post-financial crisis environment, as the US and other advanced economies continue to experience sluggish growth, persistently high unemployment, and political agitation for increasingly protectionist policies, discussions pertaining to trade, currencies, and international capital flows are often fraught with emotion, tension, and hysteria.�This book cuts through the emotions and superficial “solutions” and provides the reader with a thorough understanding of the hard-hitting theoretical models that drive the global flow of goods, services, and capital in the real world.� A key feature of this volume is the presentation of the theoretical models, and the discussion of their implications in the context of real-world applications.�This text is uniquely designed for current and future business leaders who are, or will be, engaged in the global economy.�Armed with an understanding of the theoretical underpinnings driving goods, capital and ideas across national boundaries, readers will learn to anticipate the effects of trade and macroeconomic policy changes, and will have the tools to make sound, informed decisions for themselves and their global organizations.
- Sales Rank: #3434467 in Books
- Published on: 2013-07-17
- Original language: English
- Number of items: 1
- Dimensions: 9.21" h x .94" w x 6.14" l, 1.60 pounds
- Binding: Hardcover
- 405 pages
From the Back Cover
In the curricula of highly ranked MBA programs, two areas of discussion are conspicuously absent: International Trade, and Global Macroeconomic Policy.� In this post-financial crisis environment, as the US and other advanced economies continue to experience sluggish growth, persistently high unemployment, and political agitation for increasingly protectionist policies, discussions pertaining to trade, currencies, and international capital flows are often fraught with emotion, tension, and hysteria.� This book cuts through the emotions and superficial “solutions” and provides the reader with a thorough understanding of the hard-hitting theoretical models that drive the global flow of goods, services, and capital in the real world.� A key feature of this volume is the presentation of the theoretical models, and the discussion of their implications in the context of real-world applications.� This text is uniquely designed for current and future business leaders who are, or will be, engaged in the global economy.� Armed with an understanding of the theoretical underpinnings driving goods, capital and ideas across national boundaries, readers will learn to anticipate the effects of trade and macroeconomic policy changes, and will have the tools to make sound, informed decisions for themselves and their global organizations.�
ABOUT THE AUTHORS
This volume provides a unique synthesis of academic and practical perspectives, thanks to the background of its authors.
Farrokh K. Langdana
Dr. Farrokh Langdana is a professor in the Finance/Economics Department at Rutgers Business School (RBS), New Jersey.� In addition to this volume, he is the author of four other books including the textbook, Macroeconomic Policy: Demystifying Monetary and Fiscal Policy, and numerous research articles.� Dr. Langdana is currently the Director of the globally ranked Executive MBA program at RBS.� He has taught Macroeconomic Policy and International Trade extensively at RBS and around the world.� Dr. Langdana is the recipient of over thirty teaching and research awards including the Warren I. Susman Award for Excellence in Teaching (Rutgers University’s highest teaching award).�
Peter T. Murphy
Peter T. Murphy is an operating partner with Dubilier & Company, and currently serves as President and C.E.O. of DC Safety, a leading supplier to the automotive industry.� Mr. Murphy has been a leader and pioneer in international business for 25 years, operating in dozens of countries across Asia, Europe, and the Americas.� His expertise in strategy and value creation is complemented by hands-on experience across a range of business disciplines.� He is a graduate of Iona College and earned his MBA with a concentration in Finance from Rutgers Business School.
About the Author
Farrokh K. Langdana
Dr.�Farrokh�Langdana is a professor in the Finance/Economics Department at Rutgers Business School, New Jersey.� In addition to this volume, he is the author of three research-oriented books (two co-authored with Prof. Richard�C.K. Burdekin), the textbook, Macroeconomic Policy: Demystifying Monetary and Fiscal Policy, now in its second edition, and several publications pertaining to macroeconomic policy and macro-experimentation.
Dr.�Langdana is currently the Director of the globally ranked Executive MBA (EMBA) program at Rutgers Business School.� He teaches Macroeconomic Policy as well as International Trade and Global Macroeconomics in the�EMBA program as well as in the full-time and Flex MBA programs at Rutgers Business School.
In addition to being the recipient of the Warren I.�Susman Award for Excellence in Teaching (Rutgers University’s highest teaching award), Prof.�Langdana has also been awarded the Paul Nadler Award for Teaching Excellence, the Horace�dePodwin Research Award, over ten Executive MBA Teaching Excellence Awards and over 20 Rutgers MBA teaching awards. In addition to teaching in the United States, Prof.�Langdana has also taught�Executive MBA students in China (Beijing and Shanghai), Singapore,�France and in Iceland, and has lectured in India.
Please visit Business.Rutgers.edu/Langdanamacro and scroll down for some of Professor�Langdana's blogs.� He can be contacted at Langdana@Business.Rutgers.edu
Peter T. Murphy
Peter T. Murphy is an operating partner with Dubilier & Company.� He currently serves as President and C.E.O. of DC Safety, a leading supplier of safety products to the automotive industry.� Mr. Murphy has 25 years of experience as a pioneer and leader in global business, establishing ventures and achieving growth in dozens of countries across Asia, Europe, and the Americas.�� Mr. Murphy’s expertise in business strategy is complemented by his hands-on experience in multiple disciplines including sales, operations, supply chain, finance, marketing, and technology.� His industry experience, in addition to automotive, includes the packaging, apparel, medical equipment, and retail sectors.
Mr. Murphy received his Masters in Business Administration with a concentration in Finance from Rutgers Business School in 2010, and was awarded the Executive MBA Achievement Award for Highest Academic Achievement in the EMBA Program.� He earned his Bachelor of Science in Humanities from Iona College in 2006.� He has given lectures on international business and global trade to academic and business audiences in Asia and the United States, and has taught at the MBA level as an adjunct lecturer at Rutgers Business School. Peter Murphy can be contacted at Murphypt@gmail.com
Most helpful customer reviews
3 of 3 people found the following review helpful.
Inside the Engine Room
By Gede A.
I had the opportunity to read the manuscript of this book while taking the lecture taught by the author during the last semester of my MBA program. It's a hard hitting book that provided me with an understanding of the classical trade theorem/policy and its real world implications without going through the savagery of complex mathematical equations. Through this book, Langdana & Murphy had succeeded in bringing human concerns back into the economic studies. .:REMBA13:.
2 of 2 people found the following review helpful.
A must-read for anyone interested in global business, policy and politics
By Allison N
A practical and insightful must-read for anyone genuinely interested in global business, policy, and politics. Langdana and Murphy dispel common misconceptions about products being "made-in-the-USA" - whether this is a fact and, more importantly, whether it should be a goal. They segue seemlessly from microeconomic principles about globalized firms and industries to a far-reaching macroeconomic analyses that spans countries, their capital flows and their exchange rate dynamics. The unique real-world "articles" in each chapter truly bring the theory to life. This book is a thoughtful and well-articulated explanation of issues that are integral to a thriving economy.
1 of 1 people found the following review helpful.
Excellent Introduction to Global Trade Issues
By Paul Bovitz
Langdana and Murphy have provided an excellent, detailed introduction to the topic of global trade, useful for advanced undergraduate or graduate courses in business and economics. Through excellent use of graphs and examples they present the compelling case that global trade is not a zero/sum game. Rather, the "pie gets bigger" for everyone as trade barriers are lifted. This text was used very successfully in the executive MBA program at Rutgers, and I would unhesitantly recommend it for use by others.
See all 5 customer reviews...
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