This exciting new introduction to international political economy focuses on three major themes or challenges in the post-Cold War periodglobalization, North-North relations and North-South relationsto tie the text narrative and concepts together for students. It provides an in-depth look at the main IPE theoretical approaches and also examines IPE issues in a historical perspective, focusing on the idea that we can only understand the broader implications of IPE issues by exploring them in a theoretical and historical context.

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
Table of Contents provided by Publisher. All Rights Reserved.

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Global Political Economy: Theory and Practice

9780321011657

0321011651

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