Understanding Globalization introduces students to the concept of globalization, providing an essential history, overview of key themes and theories, and a wealth of engaging examples. The fifth edition has been completely revised to connect with students today, opening with a discussion of the far-reaching causes and effects of the recent financial crisis and including new material on global migration patterns, ISIS, and more, while maintaining the book’s accessible and student-friendly style. The book begins by examining the roots of the recent global financial crisis, looking at the roles of inflation, the housing crisis, Wall Street, policy makers, and more. It also explores the varying impact of globalization—from democratization and equality in some countries to destabilization and inequality in others. The fifth edition of Understanding Globalization is a compelling and current introduction to the myriad influences of globalization in our lives.

"Praise for previous editions: This clearly written and vastly comprehensive book is a valuable and fascinating read. . . . Schaeffer turns his gaze to topics as varied as inflation, debt crises at home and abroad, stock market booms and busts, hunger and agriculture, free trade agreements, global climate change, democratization, and the global drug trade. In nearly every case, the research is solid and the choice of details fascinating. . . . I would recommend this book for general readers . . . or mid-level courses wishing to incorporate a global perspective." - Contemporary Sociology