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Global Economy List of Readings ....................................................................................................................................... Reading ----------------------------------------------------------------------------------------------------------------CFA chapter http://www.investopedia.com/exam-guide/cfa-level-1/global-economicanalysis/production-possibility-curves.asp#axzz2A0seLdjp AMSoMIntroduction to International Finance NSE http://www.nse-india.com/content/ncfm/ncfm_fame.pdfhttp://www.nseindia.com/content/ncfm/ncfm_fame.pdf Chapter 4 -----------------------------------------------------------------------------------------------------IMF Global Financial Stability Reports http://www.imf.org/external/pubs/ft/gfsr/2012/01/pdf/text.pdf The World Economic Outlook 2012 http://www.imf.org/external/pubs/ft/weo/2012/02/pdf/text.pdfhttp://www.imf.org/external/pubs/ ft/weo/2012/02/pdf/text.pdf International Capital Flows IMF http://www.imf.org/external/pubs/ft/weo/2011/01/pdf/c4.pdf The World Bank International capital flows: What actually happened in 2010? http://data.worldbank.org/news/international-capital-flows-gdf2012 Institute of International Finance http://www.iif.com/emr/global/capflows/

Page 2 of 4 McKinsey Quarterly Journal The New Power Brokers: How Oil, Asia, Hedge Funds and Private Equity are Shaping Global Capital Markets October 2007

--------------------------------------------------------------------------------------------------------------------------1. Political Systems 1.1 Democracy and Development http://economics.uchicago.edu/pdf/goldstone_020609.pdf 1.2 Autocracy and Development What can we learn from successful autocracies? http://www.voxeu.org/article/what-can-we-learn-successful-autocracies 1.3 Democracy vs Autocracy Democracy or Autocracy: Which is Better for Economic Growth? Becker http://www.becker-posner-blog.com/2010/10/democracy-or-autocracy-which-is-better-foreconomic-growth-becker.html 2. Business Cycles http://en.wikipedia.org/wiki/Business_cycle http://www.businesscycle.com/ 3. GDP & Stock Market Returns Food for Thought On GDP vs Equity Returns, Bill Gross Is In Fact Right... With A Twist http://www.zerohedge.com/news/gdp-vs-equity-returns-bill-gross-fact-right-twist

4. Demand and Supply shocks to the world economy 4.1 Oil Price When the supply shocks are demand shocks and the demand shocks are supply shocks http://www.economist.com/blogs/freeexchange/2012/02/oil Oil Price Increase in 1970s

Page 3 of 4 Background: What caused the 1970s oil price shock? http://www.guardian.co.uk/environment/2011/mar/03/1970s-oil-price-shock The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so different from the 1970s? http://www.crei.cat/people/gali/pdf_files/bgoil07wp.pdf The effects of the recent oil price shock on the U.S. and global economy by Nouriel Roubini Stern School of Business, NYU and Brad Setser Research Associate, Global Economic Governance Programme, University College, Oxford http://pages.stern.nyu.edu/~nroubini/papers/OilShockRoubiniSetser.pdf 4.2 The Asian Financial Crisis-1997-99 4.3 Global Financial Crisis of 2008-9 5. Demographics 5.1 Baby Boomers Concept http://en.wikipedia.org/wiki/Baby_boomer Baby boomers and stock market http://www.economist.com/blogs/freeexchange/2012/03/financial-markets 5.2 Demographic Dividend http://en.wikipedia.org/wiki/Demographic_dividend 6. Classification of the Global Economy as per the Economic Development 6.1OECD 6.2 BRICS Concept http://en.wikipedia.org/wiki/BRIC http://www.goldmansachs.com/our-thinking/topics/brics/index.html

Break out Nations and Frontier Economies

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http://breakoutnations.com/ Beyond BRICS http://blogs.ft.com/beyond-brics/#axzz2A1cTXXqN

6.3 Shifting Global Economic Powers DEVELOPING economies account for almost all of global growth in GDP per person, according to the IMF. In 2011 they contributed some 80%, as advanced economies were still reeling from the recession of 2008-09. The recession ended both emerging-markets' accelerating growth rates, and (temporarily) the decoupling debate. But measured by GDP per person, growth rates may be back to pre-crisis levels. However, the IMF warns in its latest World Economic Outlook that the risks of a serious slowdown in global growth have increased, with uncertainty over euro area economies and American fiscal policy shrouding the recovery. Most big advanced and developing economies alike saw stark downward revisions to their GDP forecasts (from the IMF's July update) for both this year and next. World GDP is expected to grow by 3.3% this year and 3.6% next year (down from 3.5% and 3.9%, respectively). India saw the biggest revision, with forecasts for 2012 reduced from 6.2% to 4.9%.