10 International Economics Books That Shape Global Markets

Recommended by Ben Hunt, Hugh Hendry Eclectica, and Jared Dillian for authoritative insights in international economics

Ben Hunt
Hugh Hendry Eclectica
Robin Sloan
Jeffrey Lewis
Annemarie Slaughter
Dani Rodrik
Samuel Moyn
Updated on June 28, 2025
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What if I told you that the forces shaping our global economy are often hidden behind complex numbers and political maneuvers? International economics isn’t just about trade figures or currency charts; it’s a living, breathing ecosystem impacting everything from your job security to global peace. Right now, with rising trade tensions and shifting alliances, understanding these dynamics is more urgent than ever.

Consider Ben Hunt, who integrates Brent Donnelly’s currency market insights into his investment strategies, helping him navigate volatile forex waters. Meanwhile, Hugh Hendry Eclectica turns to Matthew Klein and Michael Pettis’s analysis to decode the political roots of trade wars and inequality. And Jeffrey Lewis, a foreign policy expert, relies on Balaam and Dillman’s frameworks to grasp the turbulent intersection of politics and economics. Their journeys show how these books offer not just knowledge but real-world clarity.

While these expert-curated books provide proven frameworks, readers seeking tailored content specific to their background, expertise, and learning goals might consider creating a personalized International Economics book that builds on these insights, making complex global issues accessible and actionable for you.

Best for mastering forex trading strategies
Ben Hunt, a seasoned investment strategist known for integrating macroeconomic insights into investment processes, discovered Brent Donnelly's work during his deep dive into currency markets. He highlights how Brent's daily FX insights have become a cornerstone of his approach, stating, "For years, professional investors have profited from Brent Donnelly's daily insights on currency markets. Brent is my go-to source for color on the FX world, and his lessons have become an integral part of my investment process. This book will make those lessons part of yours, too." Ben's endorsement reflects the book's ability to translate complex currency trading concepts into practical knowledge, making it a worthy addition to your investment toolkit. Additionally, Jared Dillian appreciates the book's breadth, noting its value for traders at all levels, underscoring the demanding nature of mastering forex trading.
BH

Recommended by Ben Hunt

Investment strategist and author

For years, professional investors have profited from Brent Donnelly's daily insights on currency markets. Brent is my go-to source for color on the FX world, and his lessons have become an integral part of my investment process. This book will make those lessons part of yours, too. (from Amazon)

2019·416 pages·International Economics, Foreign Exchange, Currency Trading, Macroeconomics, Technical Analysis

What happens when two decades of high-stakes FX trading experience meets a clear-eyed guide to the currency markets? Brent Donnelly, an interbank trader with a storied career at HSBC, Citi, and Nomura, lays out his trading philosophy and tactics in a way that bridges theory and practice. You’ll learn how to interpret macroeconomic fundamentals alongside technical signals, manage risk deliberately, and cultivate the mental discipline essential for trading success. Notably, chapters on behavioral finance and trading psychology offer insights that go beyond charts and numbers to tackle the human element of trading. Whether you’re just starting out or refining your approach, this book offers concrete frameworks rather than vague platitudes.

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Best for understanding trade inequality impacts
Hugh Hendry Eclectica, founder of Eclectica Macro and experienced investor, praises this book for its clear and insightful analysis of global trade dynamics. He highlights the work of Matthew C. Klein and Michael Pettis as essential for understanding the economic forces behind trade conflicts. Hendry's endorsement reflects his deep engagement with macroeconomic trends, making this book a valuable resource for anyone looking to deepen their grasp of international economics. Additionally, Robin Sloan, a novelist, expresses enthusiasm about Klein's writing, underscoring the book’s broad appeal beyond traditional economics circles.
HH

Recommended by Hugh Hendry Eclectica

Founder Eclectica Macro, investor and hotelier

Before I forget, like last week, a big thanks to the wonderfully lucid analysis of M. C. Klein who partnered with the top dog of global trade Michael Pettis to produce the wonderful Trade Wars Are Class Wars…a must read book and who joins me this week (from X)

2020·288 pages·International Economics, Income Inequality, Trade Policy, Global Finance, Monetary Policy

Drawing from decades of experience in economic commentary and academic finance, Matthew C. Klein and Michael Pettis unravel the domestic political choices behind global trade conflicts. Instead of viewing trade wars as mere clashes between nations, they reveal how policies favoring elites have widened inequality, undermining workers worldwide. You’ll gain a nuanced understanding of how income disparity fuels economic instability, supported by detailed historical analysis and case studies from China, Europe, and the U.S. This book suits those wanting to grasp the socio-economic forces shaping international markets and the risks they pose to global peace.

Winner of the 2021 Lionel Gelber Prize
Longlisted for 2020 Financial Times & McKinsey Business Book of the Year
Named Best Business Book of 2020 by Strategy + Business
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Best for tailored economic insights
This AI-created book on global economics is tailored to your background, experience level, and specific interests. By sharing which areas of international economics fascinate you most and your learning goals, you receive a book focused precisely on those topics. This customized approach makes navigating complex global economic theories and policies more accessible and relevant, giving you focused insights that align with your knowledge and aspirations.
2025·50-300 pages·International Economics, Economic Theories, Trade Policies, Monetary Systems, Globalization Effects

This tailored book explores global economic theories and policies through a lens crafted to match your unique background and learning goals. It examines core concepts such as international trade, monetary systems, and economic integration while addressing your specific interests to deepen understanding efficiently. By synthesizing vast expert knowledge into a personalized narrative, it reveals how diverse economic forces interact on the world stage, making complex topics approachable and relevant to your needs. This personalized exploration focuses on your areas of curiosity and expertise, offering a clear pathway through the multifaceted landscape of international economics that encourages thoughtful analysis and practical comprehension.

Tailored Content
Economic Theory Integration
3,000+ Books Created
Best for exploring political economy foundations
Jeffrey Lewis, professor and foreign policy expert at the Middlebury Institute, highlights this book as a cornerstone for understanding international political economy. His experience analyzing global security issues led him to appreciate how the authors balance complex economic theories with pressing contemporary topics like populism and cyber warfare. "This classic text’s updated new edition provides a comprehensive introduction to the theories, structures, and debates that today’s world economy revolves around," he explains. His endorsement underscores why this book remains a valuable resource for those seeking to navigate the complexities of global economic and political systems.
JL

Recommended by Jeffrey Lewis

Professor at Middlebury Institute, foreign policy expert

This classic text’s updated new edition provides a comprehensive introduction to the theories, structures, and debates that today’s world economy revolves around. Refined and carefully curated to sample cutting issues such as rising populism, illicit trade, climate change, and cyber warfare, the authors strike an impressive balance in showing both the order and tumult that characterizes today’s IPE in a way few texts are able to deliver. (from Amazon)

Introduction to International Political Economy book cover

by David N. Balaam, Bradford Dillman··You?

What started as a scholarly effort by David N. Balaam and Bradford Dillman to clarify the complex interplay of politics and economics in the global arena became a vital resource for understanding today's international political economy. You’ll explore how postwar world order dynamics remain surprisingly resilient despite ongoing challenges like populism, cyber warfare, and climate change. The book’s updated chapters delve into contemporary issues such as Brexit, the rise of China, and global health crises, giving you the tools to critically evaluate the forces shaping the global economy. If you're aiming to grasp how political and economic structures influence global affairs, this book offers detailed frameworks and real-world examples, though it’s best suited for those comfortable with rigorous academic material.

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Best for analyzing global political-economic power
Thomas Oatley, holding the Corasaniti-Zondorak Chair of International Politics at Tulane University, leverages his academic expertise to dissect the interplay between politics and economics on the world stage. His authoritative background informs this book’s accessible yet detailed approach to international political economy, making it a valuable resource for anyone seeking to grasp how economic policy and political power coalesce globally.

Drawing from his role as Corasaniti-Zondorak Chair of International Politics at Tulane University, Thomas Oatley presents a thorough examination of the global economy as a contest of political and economic power. You’ll gain insight into the complex relationships between states and non-state actors, learning how domestic politics influence international economic policies. The sixth edition updates key topics such as the 2016 electoral shifts, Brexit, and the global financial crisis, providing context on currency wars and trade disputes. If you’re looking to understand how globalization shapes wealth and power dynamics, this book offers a clear framework, though it’s best suited for those comfortable with political and economic analysis.

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Best for connecting theory with global economic crises
Theodore H. Cohn, Professor Emeritus of Political Science at Simon Fraser University, brings his extensive expertise to this authoritative text. His deep understanding of international political economy drives the book's insightful analysis, helping you grasp complex global economic issues through a political lens. Cohn’s academic background ensures you engage with a nuanced approach that connects theory directly to contemporary challenges in the global economy.

When Theodore H. Cohn explores international political economy, he goes beyond standard economic models to examine how political forces shape global markets. This book equips you with frameworks to analyze major issues like trade, development, and the ongoing economic crises in Europe and beyond. You'll gain insight into critical perspectives, including feminism and environmentalism, and learn to differentiate among complex concepts such as neomercantilism and economic nationalism. The balance between theory and practice makes it clear how global economic events connect to political strategies, making it especially useful if you want to understand current affairs in depth.

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Best for custom learning paths
This AI-created book on international trade dynamics is crafted based on your existing knowledge and what you want to achieve. You share your background and specific areas of interest, and the book is tailored to focus on those aspects. Because trade involves many interconnected factors, a personalized approach helps you navigate complex topics efficiently and gain insights directly relevant to your goals.
2025·50-300 pages·International Economics, International Trade, Trade Policy, Market Dynamics, Trade Agreements

This tailored book explores the complex world of international trade through a lens that matches your background and learning goals. It covers essential concepts such as trade theories, market dynamics, and policy impacts, while examining how global economic forces shape trade flows and negotiations. By focusing on your specific interests and skill level, this personalized guide reveals the interconnected factors driving trade and their real-world implications. You’ll engage with topics like tariffs, trade agreements, and economic sanctions in a clear, accessible manner that aligns with your aspirations. This book offers a focused pathway to mastering international trade concepts, designed to accelerate your understanding efficiently and effectively.

Tailored Guide
Trade Impact Analysis
1,000+ Happy Readers
Best for dissecting globalization's political debates
Annemarie Slaughter, CEO of New America and former Harvard Law professor, highlights this book as a transformative lens on globalization, praising it as "a powerful, original, deeply researched book that will change your thinking about globalization and people-centered politics." Her extensive background in global policy lends weight to her endorsement, and she found its nuanced approach essential for understanding the divided political landscape today. This perspective makes the book a compelling choice if you want to rethink globalization beyond conventional narratives.
AS

Recommended by Annemarie Slaughter

CEO @New America, Former Harvard Law Prof

It's a powerful, original, deeply researched book that will change your thinking about globalization and people-centered politics. (from X)

2021·400 pages·International Economics, Globalization, Trade Policy, Economic Inequality, Global Governance

Anthea Roberts and Nicolas Lamp bring their extensive expertise in international law and trade to dissect the complex debates around globalization in this incisive book. You’ll learn to navigate six distinct narratives about globalization’s winners and losers—from the optimistic win-win view to concerns about pandemics and climate change—equipped with evidence and nuanced arguments. Chapters explore how conflicting values like growth versus sustainability shape global politics, offering you a framework to understand and engage with these divisive issues. This book suits anyone grappling with the polarized discussions on trade, borders, and economic policy, especially policymakers, scholars, and informed citizens.

Financial Times Best Book of the Year
Fortune Best Book of the Year
ProMarket Best Political Economy Book
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Best for navigating international trade legal frameworks
Indira Carr is Research Professor of Law at the University of Surrey with extensive expertise in international trade law. Her academic background and clear writing style make complex legal topics accessible to both students and practitioners. Carr's authoritative knowledge underpins this book, which guides you through the intricacies of international sale transactions, legislative changes, and evolving legal debates, helping you understand the practical and theoretical aspects of international trade law.
International Trade Law book cover

by Indira Carr, Peter Stone··You?

Indira Carr's decades of experience as a Research Professor of Law at the University of Surrey shaped this detailed guide to international trade law. You’ll gain a solid grasp of international sale transactions through analysis of case law, key legislation, and conventions like INCOTERMS 2010 and the UN Convention on Contracts for the International Sale of Goods. The book unpacks complex topics such as electronic bills of lading, letters of credit, and dispute resolution mechanisms including arbitration and mediation, with practical references to EU regulations. This edition also addresses contemporary issues like anti-corruption laws and e-commerce, making it a valuable tool if you navigate international commercial contracts or law.

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Best for insights on economic sanctions history
Samuel Moyn, Henry Luce Professor of Jurisprudence and History at Yale, brings a deep understanding of legal and historical perspectives to his recommendation of this book. He highlights how it reshapes thinking on economic sanctions by exposing their role in shifting violence from battlefields to economic mechanisms. "The important legacy of economic sanctions lies in their sanitization of killing, providing a way for states to transfer it from soldiers, directly deployed on the field, to technocrats," Moyn explains. His insights reflect how this work challenges traditional views and offers important context for anyone engaged in international economics and policy.
SM

Recommended by Samuel Moyn

Henry Luce Prof. of Jurisprudence, Yale

This is an absolutely brilliant take on @njtmulder's book. "The important legacy of economic sanctions lies in their sanitization of killing, providing a way for states to transfer it from soldiers, directly deployed on the field, to technocrats." (from X)

2022·448 pages·International Economics, War, Economic Sanctions, Globalization, Peacekeeping

After analyzing extensive archival research and historical cases, Nicholas Mulder developed a nuanced narrative about economic sanctions as a form of warfare disguised as diplomacy. You’ll explore how sanctions evolved from World War I blockades to instruments of peacekeeping by the League of Nations, revealing their paradoxical role in international relations. Mulder’s chapters on the interwar period and colonial policing illuminate the unintended consequences that persist in modern sanctions policy. This book suits anyone interested in the intersection of economics, politics, and military strategy, especially policymakers and scholars seeking to understand sanctions beyond surface-level assumptions.

Foreign Affairs Best Book of 2022
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Best for forex beginners seeking simple explanations
Jim Brown is a full-time Forex trader who has been active since 2002 and has authored several books addressing various experience levels. His practical and accessible teaching style shines through in this introductory guide, designed to simplify complex Forex concepts and equip new traders with effective strategies and tools. Brown’s hands-on approach and ongoing community engagement make this book a useful starting point for anyone curious about currency trading.
2015·89 pages·International Economics, Foreign Exchange, Commodities, Trading Systems, Currency Trading

Jim Brown is a full-time Forex trader whose journey began in 2002, evolving from manual charting to sophisticated multi-screen and automated trading. In this book, you’ll find a straightforward introduction to the essentials of Forex, including clear explanations of currency pairs, trading psychology, and market strategies. Brown also shares his own trading system and custom indicators, providing tools that beginners can immediately explore. This book suits those starting in Forex who want a solid foundation without getting lost in jargon or overwhelming details.

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Best for grasping global trade and policy basics
Paul Krugman, a Nobel laureate and Princeton economics professor, brings his authoritative voice to this edition. Known for his influential columns in the New York Times and recognized with the John Bates Clark Medal, Krugman channels decades of expertise into clarifying the complexities of international economics. His academic and public commentary experience enriches the book, making it a valuable resource for those wanting to understand the forces shaping global trade today.
International Economics book cover

by Krugman Melitz··You?

2017·314 pages·International Economics, Trade Theory, Global Markets, Exchange Rates, Tariffs

Paul Krugman's extensive experience as a Nobel-winning economist and New York Times columnist shapes this volume into a focused exploration of international trade theories and policies. The book unpacks complex economic models—like comparative advantage and trade barriers—into accessible chapters, enabling you to grasp how countries interact economically on a global scale. You'll find detailed discussions on tariffs, exchange rates, and trade agreements that illuminate the mechanics behind global markets. This is best suited for students and professionals aiming to deepen their understanding of international economic dynamics without unnecessary jargon or abstraction.

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Conclusion

Together, these 10 books reveal three key themes: the intricate dance between politics and economics, the human stories behind trade conflicts, and the evolving strategies in currency markets. If you're grappling with understanding global trade policies, start with 'Introduction to International Political Economy' and 'International Economics' for solid foundations. For actionable trading insights, 'The Art of Currency Trading' pairs well with 'FOREX TRADING' to balance theory and practical application.

For those wanting to connect legal frameworks with economic realities, 'International Trade Law' offers crucial clarity. Alternatively, you can create a personalized International Economics book to bridge the gap between general principles and your specific situation.

These books can help you accelerate your learning journey, equipping you to understand and navigate the complex global economic landscape with confidence and insight.

Frequently Asked Questions

I'm overwhelmed by choice – which book should I start with?

Start with 'International Economics' by Paul Krugman for clear explanations of global trade basics. It sets a solid foundation before exploring more specialized topics.

Are these books too advanced for someone new to International Economics?

Not at all. Books like 'FOREX TRADING' by Jim Brown simplify complex ideas, while others gradually build your understanding, accommodating beginners and experienced readers alike.

What's the best order to read these books?

Begin with broad overviews like 'Introduction to International Political Economy,' then delve into focused topics such as trade law or currency trading to deepen your expertise.

Do I really need to read all of these, or can I just pick one?

You can start with one that matches your interests, but combining perspectives from multiple books enriches your grasp of international economics’ multifaceted nature.

Which books focus more on theory vs. practical application?

'International Political Economy' and 'Global Political Economy' emphasize theory, while 'The Art of Currency Trading' and 'FOREX TRADING' offer practical strategies for real-world markets.

How can I tailor these insights to my specific learning goals or industry?

While these books provide expert knowledge, personalizing content to your background is invaluable. Consider creating a personalized International Economics book to get targeted strategies fitting your unique needs and accelerate learning.

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