A new edition of a book by Horst Siebert, president-emeritus of the Kiel Institute for the World Economy, Germany, and Heinz Nixdorf Professor for European Studies at the Bologna Center of Johns Hopkins University, uses up to date empirical evidence to illuminate the mechanics of the world as a single entity. The third edition of The World Economy: A Global Analysis explores the world economy and its diverse mechanisms of interdependence, shocks and disturbances, economic processes and structures, as well as the institutional arrangements that guide these processes. Key topics covered include: world GDP, growth and global product and factor markets; China as a new global player; conflicts between the national interest and global concerns; and the institutional arrangements for the world economy (IMF, WTO). The book can be purchased from Routledge at http://www.routledge.com/.