Political Economy Of Global Interdependence

Globalisation and Interdependence in the International Political Economy addresses central developments within the contemporary international system. The notions of interdependence and globalisation that have accompanied the political discourse of 'a new world disorder' are replete with definitional ambiguities, theoretical difficulties and empirical complexities. Barry Jones offers a critical review and analysis of these concepts, their significance and place within the wider debates of international political economy. He argues that contemporary conditions are complex, with regionalising tendencies cross-cutting those of increasing globalisation, and 'national' impulses surviving even in the face of powerful 'internationalising' forces. Future developments, it is concluded, may also be far more uncertain and turbulent than is widely anticipated. Written by a leading authority, this volume is an effective and compelling introduction to the complex study of international political economy.

The claim that open trade promotes peace has sparked heated debate among scholars and policymakers for centuries. Until recently, however, this claim remained untested and largely unexplored. Economic Interdependence and International Conflict clarifies the state of current knowledge about the effects of foreign commerce on political-military relations and identifies the avenues of new research needed to improve our understanding of this relationship. The contributions to this volume offer crucial insights into the political economy of national security, the causes of war, and the politics of global economic relations. Edward D. Mansfield is Hum Rosen Professor of Political Science and Co-Director of the Christopher H. Browne Center for International Politics at the University of Pennsylvania. Brian M. Pollins is Associate Professor of Political Science at Ohio State University and a Research Fellow at the Mershon Center.

This text offers a rethinking of the field of international political economy in an era of growing but uneven globalization. Even as global integration advances, states play central roles as partners with the largest of global firms, as the catalysts of competitiveness and economic growth, as the creators of global institutions, and in promoting and responding to global interdependence. Indeed, the struggle for power and wealth within and among states underscores the primacy of politics in understanding current realities. At the same time, new issues and actors complicate the global agenda as it expands to address the environment, global health, and food security. By offering a clear explanation of basic concepts, contextualizing the presentation of theoretical debates, and placing current events in historical context, International Political Economy ensures students a deep understanding of how the global economy works and the ways in which globalization affects their lives and those of people around the world. Key Content and Features Engages debates over the reach and significance of globalization. Examines the sources and consequences of global financial instability. Explores the origins and consequences of global inequality. Compares various strategies of development and state roles in competitiveness. Discusses the role of key international economic institutions. Considers the impact of the rise of China on the global economy and the potential for war and peace. Illustrates collective efforts to fight hunger, disease, and environmental threats. Includes numerous graphs and illustrations throughout and end of chapter discussion questions. Links key concepts for each chapter to a glossary at the end of the book. Provides a list of acronyms at the outset and annotated further readings at the end of each chapter. Offers additional resources on a web site related to the text, including a list of links to IPE-related web pages.

Does growing economic interdependence among great powers increase or decrease the chance of conflict and war? Liberals argue that the benefits of trade give states an incentive to stay peaceful. Realists contend that trade compels states to struggle for vital raw materials and markets. Moving beyond the stale liberal-realist debate, Economic Interdependence and War lays out a dynamic theory of expectations that shows under what specific conditions interstate commerce will reduce or heighten the risk of conflict between nations. Taking a broad look at cases spanning two centuries, from the Napoleonic and Crimean wars to the more recent Cold War crises, Dale Copeland demonstrates that when leaders have positive expectations of the future trade environment, they want to remain at peace in order to secure the economic benefits that enhance long-term power. When, however, these expectations turn negative, leaders are likely to fear a loss of access to raw materials and markets, giving them more incentive to initiate crises to protect their commercial interests. The theory of trade expectations holds important implications for the understanding of Sino-American relations since 1985 and for the direction these relations will likely take over the next two decades. Economic Interdependence and War offers sweeping new insights into historical and contemporary global politics and the actual nature of democratic versus economic peace.

This book deals with a variety of issues of history, of national security, and of political economy, and focuses on the need for a dynamic perspective. It emphasizes the development of ideas as the motor forces behind the economic policies.

Given today’s heightened competition between national economies in the global marketplace, many have come to believe that government intervention is needed in order for a country to maximize its economic well-being. But to what extent can even the most capable government act to attract investment and enhance economic growth without creating or exacerbating conflicts in society—especially when unpopular measures, such as those aimed at controlling inflation and population growth, must be implemented? This timely book by an international team of economists and political scientists tackles that question head on. The contributors draw on theory and empirical data to provide a framework for measuring governments’ ability to gather material resources and mobilize populations. They analyze a variety of policy choices made in the United States and in other nations arond the world during the past fifty years, showing how states can increase their political capacity and thereby reduce economic transaction costs and domestic resistance to government goals.

Leading Marxist thinkers re-evaluate Trotsky's key theories -- an ideal introduction for students.

After the end of World War II, the United States, by far the dominant economic and military power at that time, joined with the surviving capitalist democracies to create an unprecedented institutional framework. By the 1980s many contended that these institutions--the General Agreement on Tariffs and Trade (now the World Trade Organization), the World Bank, and the International Monetary Fund--were threatened by growing economic nationalism in the United States, as demonstrated by increased trade protection and growing budget deficits. In this book, Robert Gilpin argues that American power had been essential for establishing these institutions, and waning American support threatened the basis of postwar cooperation and the great prosperity of the period. For Gilpin, a great power such as the United States is essential to fostering international cooperation. Exploring the relationship between politics and economics first highlighted by Adam Smith, Karl Marx, and other thinkers of the eighteenth and nineteenth centuries, Gilpin demonstrated the close ties between politics and economics in international relations, outlining the key role played by the creative use of power in the support of an institutional framework that created a world economy. Gilpin's exposition of the in.uence of politics on the international economy was a model of clarity, making the book the centerpiece of many courses in international political economy. At the beginning of the twenty-first century, when American support for international cooperation is once again in question, Gilpin's warnings about the risks of American unilateralism sound ever clearer.

Loxley examines the impact of globalization on different countries and regions. Changing patterns of trade, industrialization, debt, aid and other financial flows are analysed as is the debate about structural adjustment programs. Four recent developments likely to have major implications for North-South relations are identified; efforts to reduce the US deficit; the emergence of regional trading blocs; the implementation of the Uruguay Round of GATT; and the collapse of the Soviet Union. Finally, the likely impact on North-South relations of pursuing alternative paradigms to economic growth is examined.