The landscape of the world economy has been significantly reshaped in recent years. The global economic crisis revealed the fragile foundations of the international financial system, and, in its wake, dynamics of economic power have considerably adjusted. In the fifth edition of this best-selling text, these developments are incorporated into a comprehensive introduction to the global political economy. It takes full account of the emergence of China as a contender to the predominance of the US, of the changing role of the BRICS economies more generally, and of the on-going problems of the European Union, and especially the Eurozone.