To survive and succeed in today's business climate it is vital to be armed with practical economic knowledge. Updated with the latest information, this edition continues to examine the macroeconomic environment from a business perspective. of risk and its impact, the use of forecasts, the volatility of foreign exchange markets and the role of policy in shaping both domestic and international financial environments. Such issues are firmly set in the context of the 1990s, with discussion of recent economic trends in developed countries and the impact of the escalating process of European harmonization. The book adopts a practical approach and uses actual events to illustrate economic principles. It also contains self-help questions to stimulate independent thinking.