Global Political Economy

by Cohn, Theodore H.

• ISBN13: 9780321209498
• ISBN10: 0321209494
• Edition: 3rd
• Format: Paperback
• Copyright: 2008-01-01
• Publisher: Longman

Summary

This up-to-date book provides a balanced, in-depth background to main IPE theoretical approaches, examines IPE issues in historical perspective, and discusses domestic-international linkages.Managing the Global Economy Since World War II: The Institutional Framework; The Realist Perspective; The Liberal Perspective; The Historical Structuralist Perspective; International Monetary Relations; Foreign Debt; Global Trade Relations; Regionalism and Global Trade Regime; Multinational Corporations and Global Production; International Development; Current Trends in the Global Political Economy.Anyone interested in international political economy.

Table of Contents

Preface

introduction and Overview

Introduction

What Is International Political Economy?

Why Is International Political Economy a Relatively New Area of Study?

The Purpose and Themes of This Book

The IPE Theoretical Perspectives

Focus of This Book

Managing the Global Economy Since World War II: The Institutional Framework

Global Economic Relations Before World War II

The Functions of the IMF, the World Bank, and GATT

The International Economic Organizations and the United Nations

Postwar Economic Institutions and the Advanced Industrial States

Postwar Economic Institutions and the Third World

Postwar Economic Institutions and the Centrally Planned Economies

Postwar Economic Institutions and the Gender Issue

Conclusion

The Theoretical Perspectives

The Realist Perspective

Basic Tenets of the Realist Perspective

The Mercantilists

Realism and the Industrial Revolution

Realism in the Interwar Period

Realism in the Post-World War II Period

The Revival of Realist International Political Economy

Hegemonic Stability Theory

Realism and North-South Relations

Critique of the Realist Perspective

The Liberal Perspective

Basic Tenets of the Liberal Perspective

Orthodox Liberalism

The Influence of the John Maynard Keynes

Liberalism in the Postwar Period

A Return to Orthodox Liberalism

Liberalism and Institutions

Liberalism and Domestic-International Interactions

Liberalism and North-South Relations

Critique of the Liberal Perspective

The Historical Structuralist Perspective

Basic Tenets of the Historical Structuralist Perspective

Karl Marx and International Political Economy

Marist Studies of Imperialism

Dependency Theory

Whither the Historical Structuralist School of IPE?

Conclusion

The Issue Areas

International Monetary Relations

The Balance of Payments

Government Response to a Balance-of-Payments Deficit

International Monetary Relations Before Bretton Woods

The Formation of the Bretton Woods Monetary Regime

The International Monetary Fund

The Functioning of the Bretton Woods Monetary Regime

The Regime of Floating (or Flexible) Exchange Rates

One Monetary Regime, Two, or Three?

European Monetary Relations

The Role of the Japanese Yen

Conclusion

Foreign Debt

What Is a Debt Crisis?

The Origins of the 1980s Debt Crisis

The Foreign Debt Regime

Strategies to Deal with the 1980s Debt Crisis

The Emerging Economies and Foreign Debt

The Debt Crisis and the Changing Roles of the IMF and the World Bank

The IMF, the World Bank, and the Debtor Countries

Conclusion

Global Trade Relations

Trade Theory

Global Trade Relations Before World War II

GATT and the Postwar Global Trade Regime

Principles of the Global Trade Regime

Formation of the World Trade Organization

The Third World and Global Trade Issues

The Emerging Economies and Global Trade Relations

Conclusion

Regionalism and Global Trade Regime

Regionalism and Globalization

A Historical Overview of Regional Integration Agreements

What Are the Reasons for the Rise of Regionalism?

GATT/WTO and Regional Integration Agreements

Europe

North America

East Asia

Conclusion

Multinational Corporations and Global Production

Definitions and Terminology

Why Do Firms Become Multinationals?

The Historical Development of Foreign Direct Investment

MNCs and Host Country Relations: Theoretical Approaches

Changes in Host Country Policies Toward MNCs

The Relationship Between Home Countries and Their MNCs

A Regime for Foreign Direct Investment: What Is to Be Regulated?

Bilateral Investment Agreements

The United Nations

GATT/WTO

The North American Free Trade Agreement (NAFTA)

The OECD

Conclusion

International Development

The IPE Perspectives and North-South Relations

The World Bank Group

Import-Substituting Industrialization

Socialist Development Strategies

Export-Led Growth

The Revival of Orthodox Liberalism

Another Shift in Development Strategy?

Conclusion

Concluding Comments

Current Trends in the Global Political Economy

Globalization

North-North Relations

North-South Relations

A Final Word on Theory and Practice

Acronyms and Abbreviations

Glossary

Selected Bibliography

Index

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