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| Preface | |
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| About The Authors | |
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| An Overview | |
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| From Management to Governance in International Economic Relations | |
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| Bretton Woods | |
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| Interdependence | |
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| Globalization | |
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| Conclusion | |
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| The Western System | |
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| Governing the International Monetary System | |
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| The Bretton Woods System | |
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| The Original Bretton Woods System | |
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| U.S. Leadership | |
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| Multilateral Management Under U.S. Leadership | |
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| From Bretton Woods to Interdependence | |
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| Financial Interdependence and Pluralism | |
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| The Nixon Shock and the Emergence of Floating Exchange Rates | |
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| Petrodollar Recycling | |
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| Interdependence | |
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| Growing Financial Interdependence | |
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| Liquidity: The Problem of the Dollar | |
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| Adjustment Under Floating Exchange Rates | |
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| Stability and Crisis Management | |
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| Europe's Efforts to Build a Regional Monetary System | |
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| Globalization | |
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| Globalization of Financial Markets | |
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| Economic and Monetary Union | |
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| Adjustment | |
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| Crisis Management | |
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| Regional or Country-Based Crises | |
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| Crises Involving Banks and Other Financial Institutions | |
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| The Subprime Mortgage Crisis | |
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| Preventing Future Crises | |
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| Global Monetary Governance in the Twenty-First Century | |
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| International Trade and Domestic Politics | |
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| The Bretton Woods System | |
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| The Havana Charter | |
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| The General Agreement on Tariffs and Trade | |
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| U.S. Leadership | |
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| Interdependence | |
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| Structural Change and Protectionism | |
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| An Old Issue: Agriculture | |
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| The New Protectionism | |
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| The Tokyo Round | |
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| Globalization | |
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| New Forms of Trade | |
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| The New Regionalism | |
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| The Uruguay Round | |
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| The Marrakesh Agreement | |
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| New Trade Challenges | |
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| Shifting Power Relationships | |
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| The Doha Round | |
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| Conclusions | |
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| The Multinational Corporation and Global Governance | |
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| Common Characteristics of MNCs | |
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| Trends in FDI and Other MNC Activities | |
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| Explaining the Growth in MNC Activity | |
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| Horizontal and Vertical FDI and the KK Model | |
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| Internalization Theory | |
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| The OLI Model | |
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| Product Cycle Theory | |
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| Obsolescing Bargain Theory | |
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| Oligopoly Theory | |
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| The Tariff-Jumping Hypothesis | |
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| The Importance of the Home Country | |
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| The Consequences of MNC Activity | |
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| Possible Negative Effects of MNCs | |
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| National Economic Control | |
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| Interference by Home Governments of Multinationals | |
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| Multinationals and the National Political Process | |
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| International Regimes for Foreign Direct Investment | |
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| National Governance | |
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| Regional Governance | |
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| International Governance | |
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| Governance in the OECD | |
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| Governance in the United Nations | |
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| Bilateral and Minilateral Governance | |
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| International Investment Agreements | |
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| The Multilateral Agreement on Investment | |
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| Conclusions | |
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| The North-South System | |
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| The North-South System and the Possibility of Change | |
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| Liberal Theories of Economic Development | |
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| Marxist and Neo-Marxist Theories of Development | |
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| The Structuralists | |
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| Contrasting Marxist and Structuralist Perspectives | |
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| Weaknesses of the Three Perspectives | |
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| Dependence | |
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| Confrontation | |
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| Globalization | |
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| Financial Flows to Developing Countries | |
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| Bretton Woods and Foreign AID | |
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| The Original Bretton Woods | |
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| The Link Between Aid and Foreign Policy | |
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| Stagnation of Aid | |
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| Financial Flows in the Era of Interdependence | |
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| Confrontation and the New International Economic Order | |
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| Privatization of Financial Flows | |
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| The Decline of Aid in the 1980s | |
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| The Debt Crisis of the 1980s | |
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| Debt Crisis Management | |
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| Debt Fatigue | |
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| Globalization | |
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| Emerging Markets | |
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| Financial Crises of the 1990s | |
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| Common Causes, Distinct Consequences | |
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| Financial Flows to the Poorest Developing Countries | |
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| Financial Flows in the Twenty-First Century | |
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| Millennium Development Goals | |
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| The Impact of Financial Flows | |
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| Conclusion: The Future of Financial Flows | |
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| Trade and Development Strategies | |
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| Bretton Woods: Isolation from the Trading Order | |
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| Import Substitution | |
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| Trade Expansion and Declining Terms of Trade | |
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| Unity and Confrontation | |
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| Interdependence: Strategies to Increase Southern Power | |
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| Commodity Power and the New International Economic Order | |
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| Export-Led Growth | |
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| Theoretical Controversies over Export-Led Growth | |
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| New Pressures for Protection in North-South Trade | |
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| The New Pragmatism | |
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| Globalization: Joining the Trade Regime | |
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| The Uruguay Round | |
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| The Rise of the BRICs | |
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| The Doha Round | |
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| North-South Trade in the Twenty-First Century | |
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| Multinational Corporations in the Third World | |
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| The Role of MNCs and FDI in the South | |
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| Bargaining for Greater Control | |
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| Political Factors that Influence the Location of Foreign Direct Investment | |
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| Arguments about the Positive Impact of MNCs on Economic Development | |
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| Criticisms of the Role of MNCs in Economic Development in the 1970s | |
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| The Economic Impact of MNCs in the Developing World: Empirical Evidence | |
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| Interference by MNCs in National Politics: Empirical Evidence | |
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| Interdependence | |
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| Regulation of Inflows of Foreign Investment by Developing Countries in the 1970s | |
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| The New Pragmatism | |
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| Globalization | |
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| The Rise of International Production Networks | |
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| Third World MNCs | |
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| MNCs and the Antiglobalization Movement | |
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| The Future: Cooperation or Conflict? | |
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| Oil and Politics | |
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| Corporate Oligopoly | |
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| Seven Sisters | |
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| Decline of the Oligopoly | |
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| The OPEC System | |
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| Negotiation | |
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| The First Oil Crisis: Unilateral Power | |
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| Stable OPEC Management | |
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| The Second Oil Crisis: A System Out of Control | |
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| Other OPECs? | |
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| OPEC in Decline | |
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| The Impact of Higher Oil Prices | |
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| Oil Price Wars | |
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| Era of Globalization | |
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| The Gulf War | |
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| Oil in the Caspian Region | |
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| Changing Economics of Oil at the End of the Twentieth Century | |
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| Oil in the Twenty-First Century | |
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| Rising Price of Oil | |
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| The War in Iraq | |
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| Looking Ahead | |
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| Implications of the End of the Cold War | |
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| East-West Economic Relations: From Isolation to Integration | |
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| The Cold War | |
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| The Creation of an Eastern Economic Bloc | |
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| Western Economic Warfare | |
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| The Collapse of the Communist System | |
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| Forces of Change in the East | |
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| Gorbachev's Economic and Political Reforms | |
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| The Failure of Perestroika | |
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| From Communism to Capitalism | |
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| Problems of Transition from Communism | |
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| Yeltsin: Crisis and Reform | |
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| Russian Foreign Economic Policies under Yeltsin and the West's Response | |
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| The Crisis of 1998 | |
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| Domestic Economic Policies of the Putin Regime | |
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| International Economic Relations in the Putin Era | |
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| Economic Reform in Eastern Europe | |
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| China | |
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| Cold War and Isolation | |
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| Deng Xiaoping's Economic Reforms | |
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| China: Regional Power or Global Economic Superpower? | |
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| Conclusion | |
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| Conclusion: Globalization and Governance | |
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| The Evolution of International Economic Governance | |
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| Challenges for Global Governance | |
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| Characteristics of a New System of Governance | |
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| Glossary | |
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| Acronyms | |
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| Index | |