Global Political Economy
eBook - ePub

Global Political Economy

Understanding the International Economic Order

  1. 440 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Global Political Economy

Understanding the International Economic Order

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About This Book

This book is the eagerly awaited successor to Robert Gilpin's 1987 The 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's Global Political Economy considers 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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Index

A
Abramovitz, Moses, 142, 332
adjustment, process of monetary, 244–45
AFL-CIO, 228, 229
agglomeration, process of monetary, 143, 144
Allison, Graham T., 399
American Scientists and Nuclear Weapons Policy (Gilpin), 71n
Amsden, Alice, 317, 318
antitrust policy. See competition (antitrust) policy
Arrow, Kenneth, 70
Arthur, Brian, 118
Asian model of economic development, 330. See also East Asia
B
Baker, James, 314
balance of payments, 243, 244, 246, 315
Baldwin, Robert E., 96, 97n
bank-industry alliances, 187, 188, 190
banks/banking system, 392–93
German, 169–73, 187, 188
Japanese, 165, 166, 190, 373
reserve requirements of, 372, 373. See also interest rates; World Bank (WB)
Barro, Robert J., 329
Basle Accord (1988), 275, 392, 399
Becker, Gary, 51, 329
Berger, Suzanne, 186
Bhagwati, Jagdish, 218n
Big Push, strategy of the, 309
Birdzell, L. E. Jr., 131–32, 178
borrowing, sovereign/government, 313
Brazil, 269, 270, 320
Bretton Woods institutions, 83, 384, 386
Bretton Woods System, 86, 237, 241, 245, 250, 251, 315, 359, 380
Buchanan, James M., 28, 29
Bundesbank, 170
bureaucracy, 159–60, 191
C
Cable, Vincent, 363
capital: defined, 62, 63. See also human capital
capitalism, 14, 158, 195
alliance, 319
criticism of, 368
“crony,” 330
democracy and, 72
developmental (state), 149, 156–68, 174, 175
and financial crises, 266
global, 7
international/monopoly, 249, 287
managerial, 151
market-oriented/regulatory (state), 150–56, 162, 174, 175
proprietary, 151
shareholder (stockholder) vs. stakeholder, 156, 175, 188 (see also Japan); social market, 168–74
welfare state, 169, 188, 368
capitalist imperialism, 291, 315
Carr, E. H., 100n
Caves, Richard, 281, 284
chaebol, 319
Challenge of Glob...

Table of contents

  1. Cover
  2. Half title
  3. Title
  4. Copyright
  5. Contents
  6. List of Abbreviations and Acronyms
  7. Preface
  8. One. The New Global Economic Order
  9. Two. The Nature of Political Economy
  10. Three. The Neoclassical Conception of the Economy
  11. Four. The Study of International Political Economy
  12. Five. New Economic Theories
  13. Six. The Political Significance of the New Economic Theories
  14. Seven. National Systems of Political Economy
  15. Eight. The Trading System
  16. Nine. The International Monetary System
  17. Ten. The International Financial System
  18. Eleven. The State and the Multinationals
  19. Twelve. The State and Economic Development
  20. Thirteen. The Political Economy of Regional Integration
  21. Fourteen. The Nation-State in the Global Economy
  22. Fifteen. Governing the Global Economy
  23. Select Bibliography
  24. Index