The best international economics books

Who picked these books? Meet our 11 experts.

11 authors created a book list connected to international economics, and here are their favorite international economics books.

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Book cover of The Globalization Paradox: Democracy and the Future of the World Economy

Pietra Rivoli Author Of The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade

From the list on economics and globalization.

Who am I?

I am a professor at Georgetown University, and I have long been interested in the promise and peril of global markets and the fundamental question of why some countries are rich and others poor. I've always loved looking at globalization at ground level: My travels to Chinese factories, Washington trade negotiations, and African cocoa farms have been great adventures of both mind and spirit, and I always leave with a new friend who has illuminated my understanding of this complex world. But in a late-life shift (that is not as random as it sounds) my current work revolves around criminal justice in the US. I currently direct the Pivot Program at Georgetown.

Pietra's book list on economics and globalization

Discover why each book is one of Pietra's favorite books on economics and globalization .

Why did Pietra love this book?

Those who advocate most strongly for open borders and free trade – typically economists –focus their arguments on economic growth. Rodrik demonstrates that in opening borders something is lost, however, beyond the typical costs born by laid off manufacturing workers. Free trade can only be achieved with corollary changes in governance: to achieve truly open borders for goods, services, and capital, either democratic responsiveness or national self-determination will be casualties. Rodrik’s case for “you can’t have it all” is compelling.

The Globalization Paradox

By Dani Rodrik,

Why should I read it?

2 authors picked The Globalization Paradox as one of their favorite books, and they share why you should read it.

What is this book about?

In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik reminds us of the importance of the nation-state, arguing forcefully that when the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik's case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today's global challenges in trade, finance, and labor markets.


Book cover of The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade

Diana E. Marsh Author Of Extinct Monsters to Deep Time: Conflict, Compromise, and the Making of Smithsonian's Fossil Halls

From the list on where authors infiltrate a wild community.

Who am I?

I’m a nerd about all things museums and archives, which I teach and write about. I was trained as an anthropologist, and got really interested in using anthropology’s methods (namely ethnography) to do long-term, embedded, deep-dive fieldwork in bureaucratic settings, like big museums. I love reading books by journalists, economists, historians, and others who do ethnography and really embed themselves in different communities, places, and cultures.

Diana's book list on where authors infiltrate a wild community

Discover why each book is one of Diana's favorite books on where authors infiltrate a wild community .

Why did Diana love this book?

This was the first book I read that was kind of an embedded object biography back when I was an undergraduate student in my second-ever anthropology class. I was totally hooked on the genre. This book follows t-shirts, from where cotton is picked, to where t-shirts are manufactured, printed, sold and distributed, to their disposal—including second lives on the used clothing market. “Who made your t-shirt?” as a great first starting question.

The Travels of a T-Shirt in the Global Economy

By Pietra Rivoli,

Why should I read it?

1 author picked The Travels of a T-Shirt in the Global Economy as one of their favorite books, and they share why you should read it.

What is this book about?

The keys to global business success, as taught by a T-shirt's journey

The Travels of a T-Shirt in the Global Economy is a critically-acclaimed narrative that illuminates the globalization debates and reveals the key factors to success in global business. Tracing a T-shirt's life story from a Texas cotton field to a Chinese factory and back to a U.S. storefront before arriving at the used clothing market in Africa, the book uncovers the political and economic forces at work in the global economy. Along the way, this fascinating exploration addresses a wealth of compelling questions about politics, trade, economics, ethics,…


The Emperor's New Road

By Jonathan E. Hillman,

Book cover of The Emperor's New Road: China and the Project of the Century

Scott B. Macdonald Author Of The New Cold War, China, and the Caribbean: Economic Statecraft, China and Strategic Realignments

From the list on beach reads in an international relations hurricane.

Who am I?

My expertise in Caribbean and Chinese affairs derives from having an interest in the two regions since college, which was then pursued through a MA in Asian Studies from the University of London’s School of Oriental and African Studies and Ph.D. in Political Science from the University of Connecticut. On the employment front, I worked for 3 regional banks (as an international economist), the Office of the Comptroller of the Currency, Credit Suisse, Donaldson, Lufkin & Jenrette, KWR International, and Aladdin Capital Management (as head of Credit and Economics Research) and Mitsubishi Corporation. Since I left Mitsubishi I returned to my two favorite interests, Asia and the Caribbean. 

Scott's book list on beach reads in an international relations hurricane

Discover why each book is one of Scott's favorite books on beach reads in an international relations hurricane .

Why did Scott love this book?

Hillman, a senior fellow at the Center for Strategic and International Studies and director of the Reconnecting Asia Project, wrote a very topical book on China’s Bridge and Road Initiative (BRI), calling it “the project of the century.” Indeed, the BRI encompasses a projected $1 trillion in spending on new roads, railways, telecommunications, and other critical infrastructure, aiming to bind together the Eurasian landmass and Africa (key for natural resources) into a trade and investment zone dominated by Beijing. What I found the most noteworthy was the following: “Xi’s vision is constrained by neither geography nor even gravity. Since its announcement, the BRI has stretched into the Arctic, cyberspace, and outer space.”

Hillman readily acknowledges China making mistakes (over-lending to credit-challenged countries in particular) and that going forward Beijing will need greater skill, lower expectations, and a heavy dose of modesty to make it work. For anyone interested in major…

The Emperor's New Road

By Jonathan E. Hillman,

Why should I read it?

1 author picked The Emperor's New Road as one of their favorite books, and they share why you should read it.

What is this book about?

A prominent authority on China's Belt and Road Initiative reveals the global risks lurking within Beijing's project of the century

"A reality check on Beijing's global infrastructure project."-Peter Neville-Hadley, South China Morning Post

"For all the hype and hand-wringing over how the [Belt and Road] could usher in the Chinese century, Hillman's engaging mix of high-level analysis and fieldwork in more than a dozen countries paints a much more nuanced picture."-Keith Johnson, Foreign Policy

China's Belt and Road Initiative is the world's most ambitious and misunderstood geoeconomic vision. To carry out President Xi Jinping's flagship foreign-policy effort, China promises to…


A Splendid Exchange

By William J. Bernstein,

Book cover of A Splendid Exchange: How Trade Shaped the World

Avinash Dixit Author Of The Art of Strategy: A Game Theorist's Guide to Success in Business and Life

From the list on economics and game theory.

Who am I?

Avinash Dixit is an emeritus university professor of economics at Princeton. He is a member of the National Academy of Sciences and was President of the American Economic Association for the year 2008.

Avinash's book list on economics and game theory

Discover why each book is one of Avinash's favorite books on economics and game theory .

Why did Avinash love this book?

A brilliant sweep through the millennia of commerce around the world. If you think globalization happened over the last quarter-century, you are wrong by about 5000 years. Find out how and why.

A Splendid Exchange

By William J. Bernstein,

Why should I read it?

1 author picked A Splendid Exchange as one of their favorite books, and they share why you should read it.

What is this book about?

A sweeping narrative history of world trade—from Sumer in 3000 BC to the firestorm over globalization today—that brilliantly explores trade’s colorful and contentious past and provides fresh insights into social, political, cultural, and economic history, as well as a timely assessment of trade’s future.

Adam Smith wrote that man has an intrinsic “propensity to truck, barter, and exchange one thing for another.” But how did trade evolve to the point where we don’t think twice about biting into an apple from the other side of the world?

In A Splendid Exchange, William J. Bernstein tells the extraordinary story of global…


India Transformed

By Rakesh Mohan (editor),

Book cover of India Transformed: Twenty-Five Years of Economic Reforms

Thomas A. Timberg Author Of The Marwaris: From Jagat Seth to the Birlas

From the list on India now.

Who am I?

I have been trying to understand India’s evolution especially its economic path for the last half-century— by reading, traveling, and writing on aspects of that evolution. Originally this started with the Cold War concern about how a democracy would navigate using a democratic political system. So I took appropriate courses in college and graduate school, worked in India in the Peace Corps, and then spent a little under a decade teaching about it a doing research. For the following five decades I have continued my interest and publishing and studying. Whether I have understood much is for others to determine but these are my five book nominees.

Thomas' book list on India now

Discover why each book is one of Thomas' favorite books on India now .

Why did Thomas love this book?

A summary of the dramatic economic transformation of India since 1991 by one of its key economic policymakers. Though abstracting from some of the debate about details, this is a readable presentation especially from the point of view of policymakers. What all of this meant for the general public can be seen in the next volume. Both but especially this volume are one of competing accounts of how it happened.   Success has many fathers.

India Transformed

By Rakesh Mohan (editor),

Why should I read it?

1 author picked India Transformed as one of their favorite books, and they share why you should read it.

What is this book about?

In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country's economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy?

With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.


ReOrient

By Andre Gunder Frank,

Book cover of ReOrient: Global Economy in the Asian Age

Yasuhiro Makimura Author Of Yokohama and the Silk Trade: How Eastern Japan Became the Primary Economic Region of Japan, 1843-1893

From the list on cities, their trades, and world trade.

Who am I?

One of the oldest questions is: why are some countries rich and some countries poor? Adam Smith famously answered that it was the division of labor (specialization) and trade in his book The Wealth of Nations. The more you study trade, however, the more complicated the answer becomes. I have been grappling with this question since the 1990s, as a student, and I still do not have a simple answer like Adam Smith. However, I think I have come up with a framework to understand how the economic history of the world developed and I have been teaching that global history in college as a professor since the 2010s.

Yasuhiro's book list on cities, their trades, and world trade

Discover why each book is one of Yasuhiro's favorite books on cities, their trades, and world trade .

Why did Yasuhiro love this book?

In ReOrient, A.G. Frank argues that this current situation in which the West is at the center of the world is a mere blip in terms of global history. Historically Asia was always the richer part of the globe and once again, in the near future, Asia will be the richest part of the globe again.

ReOrient

By Andre Gunder Frank,

Why should I read it?

1 author picked ReOrient as one of their favorite books, and they share why you should read it.

What is this book about?

Andre Gunder Frank asks us to re-orient our views away from Eurocentrism - to see the rise of the West as a mere blip in what was, and is again becoming, an Asia-centered world. In a bold challenge to received historiography and social theory he turns on its head the world according to Marx, Weber, and other theorists, including Polanyi, Rostow, Braudel, and Wallerstein. Frank explains the Rise of the West in world economic and demographic terms that relate it in a single historical sweep to the decline of the East around 1800. European states, he says, used the silver…


Friction

By Anna Lowenhaupt Tsing,

Book cover of Friction: An Ethnography of Global Connection

Carol J. Pierce Colfer Author Of The Longhouse of the Tarsier: Changing Landscapes, Gender and Well Being in Borneo

From the list on Indonesian life and policy.

Who am I?

I worked in Indonesia much of the time between 1979 and 2009, with people living in forests. As an anthropologist, my work was initially ethnographic in nature, later linking such insights to policies relating to forests and people – as I worked at the Center for International Forestry Research in Bogor (1995 – the present). Although later in my career, I worked in forests all over the tropics, my real love remains with Indonesia, where I worked the longest and learned the most. My most recent research was in 2019, when I returned to the first community I studied ethnographically in 1979-80.

Carol's book list on Indonesian life and policy

Discover why each book is one of Carol's favorite books on Indonesian life and policy .

Why did Carol love this book?

I love Tsing’s Friction, because of its focus on how policies play out in the real world. She is able, through her in-depth understanding of life in rural Central Kalimantan, to show us how Indonesian national policies are adapted, implemented, and perverted in the field. She talks about policy implementation as seeing ‘how the rubber hits the road,' and at the same time she provides the reader with a growing understanding of the lifeways of the people of that province.

Friction

By Anna Lowenhaupt Tsing,

Why should I read it?

1 author picked Friction as one of their favorite books, and they share why you should read it.

What is this book about?

A wheel turns because of its encounter with the surface of the road; spinning in the air it goes nowhere. Rubbing two sticks together produces heat and light; one stick alone is just a stick. In both cases, it is friction that produces movement, action, effect. Challenging the widespread view that globalization invariably signifies a "clash" of cultures, anthropologist Anna Tsing here develops friction in its place as a metaphor for the diverse and conflicting social interactions that make up our contemporary world. She focuses on one particular "zone of awkward engagement"--the rainforests of Indonesia--where in the 1980s and the…


The Roman Predicament

By Harold James,

Book cover of The Roman Predicament: How the Rules of International Order Create the Politics of Empire

Perry Mehrling Author Of Money and Empire: Charles P. Kindleberger and the Dollar System

From the list on the forces making the global money system.

Who am I?

My interest in money (understanding it, not so much making it!) dates from undergraduate days at Harvard, 1977-1981, exactly the time when the dollar system was being put back together under Volcker after the international monetary disorder and domestic stagflation of the 1970s. The previous decade had very much disrupted the personal economics of my family, perhaps in much the same way that the Depression had disrupted Kindleberger’s, and set me off on a lifelong quest to understand why. Forty years and four books later, I feel like I have made some progress, and hope that my book can save readers forty years in their own question to understand money!

Perry's book list on the forces making the global money system

Discover why each book is one of Perry's favorite books on the forces making the global money system .

Why did Perry love this book?

Browsing my shelves in preparation for this book list, this one in particular jogged my memory as an important influence on my own book, an influence so internalized that I completely forgot about and never cited it! I remedy that lapse here. 

My copy of the book is heavily underlined with lots of stars in the margin, so I know it was important. You can see from the title that the author is concerned with the same tension between money and empire, he as a historian and me as an economist.

Now that I have finished my own book, I’ll be rereading this early influence to engage with its argument more deeply and directly. 

The Roman Predicament

By Harold James,

Why should I read it?

1 author picked The Roman Predicament as one of their favorite books, and they share why you should read it.

What is this book about?

Modern America owes the Roman Empire for more than gladiator movies and the architecture of the nation's Capitol. It can also thank the ancient republic for some helpful lessons in globalization. So argues economic historian Harold James in this masterful work of intellectual history. The book addresses what James terms "the Roman dilemma" - the paradoxical notion that while global society depends on a system of rules for building peace and prosperity, this system inevitably leads to domestic clashes, international rivalry, and even wars. As it did in ancient Rome, James argues, a rule-based world order eventually subverts and destroys…


Book cover of Unveiling the North Korean Economy: Collapse and Transition

Stephan Haggard and Marcus Noland Author Of Witness to Transformation: Refugee Insights Into North Korea

From the list on the North Korean economy.

Who are we?

We teamed up about fifteen years ago around a common interest in the political economy of North Korea; Haggard is a political scientist, Noland an economist. Both of us had spent our careers focused on Asia but looking largely at the capitalist successes: Japan and the newly industrializing countries of Korea, Taiwan, and Southeast Asia. But what about the anomalous cases in the region that did not get on the growth train? The “Asian miracle” was hardly ubiquitous…what had gone wrong? North Korea was clearly the biggest puzzle, and we ended up researching and writing on the famine, refugees, and the complexities of international sanctions. 

Stephan and Marcus' book list on the North Korean economy

Discover why each book is one of Stephan and Marcus' favorite books on the North Korean economy .

Why did Stephan and Marcus love this book?

For those with some economics background and willing to do their homework, Kim’s book is the state of the art. He has sorted through all the shards of data out there—on prices, output, and trade--and pulled them together into a compelling mosaic. Of particular interest is his discussion of possible transition paths--were the regime to change course--as well as the possibility that the system might come crashing down altogether.

Unveiling the North Korean Economy

By Byung-Yeon Kim,

Why should I read it?

1 author picked Unveiling the North Korean Economy as one of their favorite books, and they share why you should read it.

What is this book about?

North Korea is one of the most closed and secretive societies in the world. Despite a high level of interest from the outside world, we have very little detailed information about how the country functions economically. In this valuable book for both the academic and policy-making circles, Byung-Yeon Kim offers the most comprehensive and systematic analysis of the present day North Korean economy in the context of economic systems and transition economics. It addresses what is really happening in the North Korean economy, why it has previously failed, and how the country can make the transition to a market economy.…


The Lexus and the Olive Tree

By Thomas L. Friedman,

Book cover of The Lexus and the Olive Tree: Understanding Globalization

Kate Vitasek Author Of Vested Outsourcing: Five Rules That Will Transform Outsourcing

From the list on how to get outsourcing right.

Who am I?

I am an international authority for my award-winning research on the Vested® business model for highly collaborative relationships. I began my research in 2003 by studying what makes the difference in successful strategic business deals. My day job is the lead faculty and researcher for the University of Tennessee’s Certified Deal Architect program; my passion is helping organizations and individuals learn the art, science, and practice of crafting highly collaborative win-win strategic business relationships. My work has led to seven books and three Harvard Business Review articles and I’ve shared my advice on CNN International, Bloomberg, NPR, and Fox Business News.

Kate's book list on how to get outsourcing right

Discover why each book is one of Kate's favorite books on how to get outsourcing right .

Why did Kate love this book?

The way power plays out in an age of globalization has important lessons for outsourcing relationships. This is because, as Friedman says, globalization is not a trend, but an “international system.” This system is complex and has “its own rules and logic that today directly or indirectly influence the politics, environment, geopolitics, and economics of virtually every country in the world.” Companies looking to outsource should study the evolving, globalized world order as described in this book and then seek to explore the rules they need to outsource in today’s new economy.

The Lexus and the Olive Tree

By Thomas L. Friedman,

Why should I read it?

1 author picked The Lexus and the Olive Tree as one of their favorite books, and they share why you should read it.

What is this book about?

A brilliant investigation of globalization, the most significant socioeconomic trend in the world today, and how it is affecting everything we do-economically, politically, and culturally-abroad and at home.

As foreign affairs columnist for The New York Times, Thomas L. Friedman crisscrosses the globe talking with the world's economic and political leaders, and reporting, as only he can, on what he sees. Now he has used his years of experience as a reporter and columnist to produce a pithy, trenchant, riveting look at the worldwide market forces that are driving today's economies and how they are playing out both internationally and…


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