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Politics of International Economic Relations

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ISBN-10: 0534602746

ISBN-13: 9780534602741

Edition: 7th 2010 (Revised)

Authors: Joan Edelman Edelman Spero, Jeffrey A. Hart, Stephen Woolcock

List price: $199.95
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This is the first book to give you the full breadth and depth of coverage you need to truly understand the politics of today's world economy-now and in your future career. Completely updated, the new edition reflects the sweeping changes that continue to reshape the international system. The Seventh Edition strengthens the text's contemporary coverage of political and economic relations, global inequality, and the transition to capitalism in the formerly communist countries. Its emphasis on the impact of globalization makes this definitive text ideal for equipping you with a global perspective.
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Book details

List price: $199.95
Edition: 7th
Copyright year: 2010
Publisher: Wadsworth
Publication date: 2/12/2009
Binding: Paperback
Pages: 528
Size: 6.10" wide x 9.17" long x 1.06" tall
Weight: 1.760
Language: English

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