In This Review

The Transformation of The World Economy, 1980-93
The Transformation of The World Economy, 1980-93
By Robert Solomon
St. Martin's Press, 1995, 238 pp

Organized geographically, the book covers all the major rich countries, the former communist countries, China, and the major countries of Latin America and the Middle East. A useful review of the major thrusts and alterations in national economic policy and performance over a remarkable period from the 1980s to the early 1990s. The book provides little discussion of the international economy as a whole, including trade liberalization, the remarkable growth in international capital movements despite the debt crisis of the early 1980s, and the gradual shift by many countries to floating exchange rates. Sub-Saharan Africa warrants only a page, and Nigeria, the world's eighth-most populous state, gets no discussion at all.