Global Political Economy Understanding the International Economic Order

ISBN-10: 069108677X

ISBN-13: 9780691086774

Edition: 2001

List price: $39.95 Buy it from $1.97
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This book is the eagerly awaited successor to Robert Gilpin's 1987The Political Economy of International Relations, the classic statement of the field of international political economy that continues to command the attention of students, researchers, and policymakers. The world economy and political system have changed dramatically since the 1987 book was published. The end of the Cold War has unleashed new economic and political forces, and new regionalisms have emerged. Computing power is increasingly an impetus to the world economy, and technological developments have changed and are changing almost every aspect of contemporary economic affairs. Gilpin'sGlobal Political Economyconsiders each of these developments. Reflecting a lifetime of scholarship, it offers a masterful survey of the approaches that have been used to understand international economic relations and the problems faced in the new economy. Gilpin focuses on the powerful economic, political, and technological forces that have transformed the world. He gives particular attention to economic globalization, its real and alleged implications for economic affairs, and the degree to which its nature, extent, and significance have been exaggerated and misunderstood. Moreover, he demonstrates that national policies and domestic economies remain the most critical determinants of economic affairs. The book also stresses the importance of economic regionalism, multinational corporations, and financial upheavals. Gilpin integrates economic and political analysis in his discussion of "global political economy." He employs the conventional theory of international trade, insights from the theory of industrial organization, and endogenous growth theory. In addition, ideas from political science, history, and other disciplines are employed to enrich understanding of the new international economic order. This wide-ranging book is destined to become a landmark in the field.
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Book details

List price: $39.95
Copyright year: 2001
Publisher: Princeton University Press
Publication date: 3/12/2001
Binding: Paperback
Pages: 440
Size: 6.25" wide x 9.50" long x 1.25" tall
Weight: 1.188

List of Abbreviations and Acronyms
The New Global Economic Order
Changes in the World Economy
Intellectual Perspectives
My Perspective: State-centric Realism
Purpose of Economic Activity
The Nature of Political Economy
What You Seek Is What You Find
The Nature of an Economy
Embeddedness of the Economy
The Neoclassical Conception of the Economy
The Discipline of Neoclassical Economics
Nature of a Market
Method of Comparative Statics
Intellectual Limitations
Economists and Public Policy
Comparison of Economics and Political Economy
The Study of International Political Economy
Distribution of Wealth and Economic Activities
National Autonomy
The Politics of International Regimes
Theory of Hegemonic Stability
Governance of the Global Economy
New Economic Theories
Change and Neoclassical Economics
World View of the New Theories
The New Theories
The Political Significance of the New Economic Theories
National Governments and Domestic Economies
Oligopoly and Power in Economic Outcomes
Technological Innovation
Convergent and Divergent Economic Growth
National Systems of Political Economy
Differences among National Economies
The American System of Market-Oriented Capitalism
The Japanese System of Developmental Capitalism
The German System of "Social Market" Capitalism
Significance of National Differences
Is One System Superior to the Others?
Do Nations Compete with One Another?
Convergence, Harmonization, or Mutual Recognition?
The Trading System
The Debate over Free Trade
Trade and the Economy
Revisions of Conventional Trade Theory
Postwar Trade Regime
The Uruguay Round and World Trade Organization
New Threats to an Open Trading System
The International Monetary System
The Postwar International Monetary System
The End of Fixed Exchange Rates
The Financial Revolution and Monetary Affairs
Embedded Technical and Political Issues
Devising an International Monetary System
Reform of International Monetary Affairs
Unity or Fragmentation of the Monetary System?
Few or Many National Currencies?
The International Financial System
Partial Globalization of International Finance
Nature of Financial Crises
The East Asian Financial Crisis
Controversy over Regulation of International Finance
The State and the Multinationals
Explanations of FDI and the MNC
The Multinationals and the International Economy
Increased Regionalization of Services and Manufacturing
Debate over the MNC and the Nation-State
An International Regime for FDI and MNCs
Do global Corporations Pose a Threat?
The State and Economic Development
The Rise and Demise of Development Economics
Triumph of Neoliberalism
The Debt Crisis and Structural Adjustment
Theory of the "Developmental State"
The East Asian Miracle Project
The East Asian Financial/Economic Crisis
The Future of the Developmental State
The Transitional Economies
The Political Economy of Regional Integration
Economic Theories
Political Theories
An Eclectic Approach
The Nation-State in the Global Economy
The Limited Nature of Economic Globalization
Alleged Consequences of Economic Globalization
Effectiveness of Macroeconomic Policy
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