Global political economy : evolution and dynamics

Title:

Author:

O'Brien, Robert, 1963- author.

ISBN:

9781137287366

9781137287373

Personal Author:

O'Brien, Robert, 1963- author.

Edition:

4th edition.

Physical Description:

xv, 340 pages ; 25 cm

Contents:

Machine generated contents note: pt. 1 Theoretical Perspectives -- 1. Theories of Global Political Economy -- Understanding the Global Political Economy -- The Economic Nationalist Perspective -- Key actors -- Key dynamics -- Conflict and cooperation -- Economic nationalism today -- The Liberal Perspective -- Key actors -- Key dynamics -- Conflict and cooperation -- Liberalism today -- The Critical Perspective -- Key actors -- Key dynamics -- Conflict and cooperation -- Critical theory today -- Contending Perspectives: A Summary -- Further Reading -- 2. International Political Economy and its Methods -- Locating the Field -- Economics -- Political science -- Political economy -- International relations -- Methodological Issues -- Case studies and large n studies -- Rational choice -- Institutionalism -- Constructivism -- Trends in Contemporary GPE Theory -- Consolidation -- Integration -- Expansion -- Approach of the Book -- Further Reading -- pt. 2 Evolution.

Contents note continued: 3. Forging a World Economy: 1400-1800 -- Regions of the World Economy -- The Middle East -- China -- India -- Africa -- The Americas -- Europe -- European Expansion -- Into the Americas -- Along Africa: the triangular trade -- On the peripheries of Asia -- Conclusion -- Further Reading -- 4. Industry, Empire and War: 1800-1945 -- The Industrial Revolution -- What was the Industrial Revolution? -- Why Britain? Why then? -- What did the others do? -- Pax Britannica -- The gold standard and capital flows -- Free trade -- Balance of power -- Renewed Imperialism -- War and Economic Disorder -- The world wars -- Interwar economic failure -- Conclusion -- Further Reading -- 5. Growing a Global Economy: 1945-2010 -- The Cold War Era: 1945-89 -- The US-led Western political economy -- The communist political economy -- The southern political economy -- The Post-Cold War Era: 1990-2010 -- Competing capitalisms and state transformation -- The information revolution.

Contents note continued: International organizations and governance -- Conclusion -- Further Reading -- pt. 3 Dynamics -- 6. International Trade -- Definitions -- Theoretical Perspectives: Free Trade and Protectionism -- Proponents of free trade -- Critics of free trade -- Major Developments -- Growth and protectionism -- Changing institutional arrangements -- Key Issues -- Developing country interests -- Regional trade agreements -- Legitimacy -- Conclusion -- Further Reading -- 7. Transnational Production -- Definitions -- Theoretical Perspectives: Explaining the Growth of TNCs -- Major Developments -- The globalization of production -- Changing organizational principles -- Key Issues -- Re-evaluating the benefits of FDI -- State-firm interactions -- Regulating capital -- Conclusion -- Further Reading -- 8. The Global Financial System -- Definitions and Background -- Theoretical Perspectives: The Mundell-Fleming Model -- Major Developments.

Contents note continued: IMS: from fixed to floating and regional currencies -- Credit: financial innovation and repeated crises -- Key Issues -- Global credit crisis -- Future of the US dollar -- The European sovereign debt and euro crisis -- Conclusion -- Further Reading -- 9. Global Division of Labour -- Definitions -- Theoretical Perspectives: Adam Smith and his Critics -- Major Developments -- Changes in the production process -- From the new international to the global division of labour -- Key Issues -- Global restructuring: the rise of China and India -- The struggle for workers' rights in a global economy -- The division of labour and global stability -- Conclusion -- Further Reading -- 10. Gender -- Definitions and Background -- Theoretical Perspectives: GPE as if Gender Mattered -- Major Developments -- Women in the world economy: employment trends and prospects -- Gender and global public policy -- Key Issues -- The feminization of poverty.

Contents note continued: Globalization of reproductive work -- Gender and global restructuring -- Conclusion -- Further Reading -- 11. Economic Development -- Definitions -- Theoretical Perspectives on Growth and Development -- Major Developments -- Development and national capitalism, 1947-81 -- Development, neoliberalism and beyond, 1982-2009 -- Key Issues -- The organization of development -- Debt and debt relief -- North-South conflict -- Conclusion -- Further Reading -- 12. Global Environmental Change -- Definitions and Background -- Theoretical Perspectives: IPE and Environmental Studies -- IPE debates -- Environmental studies' debates -- Major Developments -- Bringing the environment in -- Mainstreaming environmentalism -- Key Issues -- Sustainable development -- Trade and environmental degradation -- Climate change negotiations -- Conclusion -- Further Reading -- 13. Ideas -- Definitions -- Theoretical Perspectives: Ideas about Ideas -- Major Developments.

Contents note continued: The information revolution and the information society -- The rise and stall of the Washington Consensus -- Key Issues -- Technological diffusion -- Property rights and life (HIV/AIDS) -- Ideas, interests and the global financial crisis -- Conclusion -- Further Reading -- 14. Security -- Definitions: Three Views of Security -- The traditional state-centric approach -- New security studies -- Human security -- Theoretical Perspectives: Integrating Security and Political Economy -- Major Developments -- The Cold War security structure -- The post-Cold War security structure -- Key Issues -- Economic statecraft and security -- Transnational crime -- Disease, pandemics and security -- Conclusion -- Further Reading -- 15. Governing the Global Political Economy -- Definitions -- Theoretical Perspectives: Whither the State? -- Major Developments -- Proliferation of governance levels -- Proliferation of actors -- The Global Compact.

Contents note continued: Twenty-first-century Challenges -- Development and growth -- Equality and justice -- Democracy and regulation -- Conclusion -- Further Reading.

Subject Term:

International economic relations -- History.

International trade -- History.

International finance -- History.

International division of labor -- History.

International business enterprises -- History.

Corporate governance -- History.

Globalization -- Economic aspects -- History.

Globalization -- Environmental aspects -- History.

Economic development -- History.

Economic history.

Added Author:

Williams, Marc,

Holds:
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Library	Material Type	Item Barcode	Call Number	Shelf Location	Status	Item Holds
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Summary

After a period in which the global economy appeared prosperous and stable, the economic crisis exposed the fragile foundations of the international financial system and has reshaped the landscape of global political economy. The fourth edition of this popular and widely used text takes full account of recent developments, while continuing to provide an accessible and historically grounded introduction to the field.

The authors trace the evolution of the global economy, from its roots in the fifteenth century, through the Industrial Revolution, and to the post-1945 world order. They proceed to explore in detail the dynamics of global political economy in the twenty-first century, providing systematic coverage of the key spheres of activity, from trade, production and finance to social divisions, the environment, development, ideas, security and governance.

Lucid, engaging and authoritative, Global Political Economy introduces an unusually wide range of theoretical approaches, moving beyond a traditional three-paradigm perspective to show how these theories can be applied and how useful they are for understanding key issues and developments.

List of Boxes, Tables, Figures and Maps	p. x
Preface to the Fourth Edition	p. xiii
List of Abbreviations	p. xiv
Introduction	p. 1
Part 1 Theoretical Perspectives	p. 5
1 Theories of Global Political Economy	p. 7
Understanding the Global Political Economy	p. 7
The Economic Nationalist Perspective	p. 9
Key actors	p. 9
Key dynamics	p. 10
Conflict and cooperation	p. 11
Economic nationalism today	p. 11
The Liberal Perspective	p. 13
Key actors	p. 14
Key dynamics	p. 14
Conflict and cooperation	p. 15
Liberalism today	p. 15
The Critical Perspective	p. 17
Key actors	p. 18
Key dynamics	p. 18
Conflict and cooperation	p. 19
Critical theory today	p. 19
Contending Perspectives: A Summary	p. 21
Further Reading	p. 22
2 International Political Economy and its Methods	p. 23
Locating the Field	p. 23
Economics	p. 24
Political science	p. 25
Political economy	p. 25
International relations	p. 26
Methodological Issues	p. 27
Case studies and large n studies	p. 27
Rational choice	p. 28
Institutionalism	p. 29
Constructivism	p. 31
Trends in Contemporary GPE Theory	p. 33
Consolidation	p. 33
Integration	p. 34
Expansion	p. 35
Approach of the Book	p. 37
Further Reading	p. 39
Part 2 Evolution	p. 41
3 Forging a World Economy: 1400-1800	p. 43
Regions of the World Economy	p. 44
The Middle East	p. 45
China	p. 46
India	p. 47
Africa	p. 48
The Americas	p. 48
Europe	p. 49
European Expansion	p. 54
Into the Americas	p. 54
Along Africa: the triangular trade	p. 57
On the peripheries of Asia	p. 59
Conclusion	p. 62
Further Reading	p. 66
4 Industry, Empire and War: 1800-1945	p. 67
The Industrial Revolution	p. 68
What was the Industrial Revolution?	p. 68
Why Britain? Why then?	p. 70
What did the others do?	p. 72
Pax Britannica	p. 72
The gold standard and capital flows	p. 72
Free trade	p. 75
Balance of power	p. 75
Renewed Imperialism	p. 79
War and Economic Disorder	p. 82
The world wars	p. 82
Interwar economic failure	p. 84
Conclusion	p. 87
Further Reading	p. 90
5 Growing a Global Economy: 1945-2010	p. 91
The Cold War Era: 1945-89	p. 91
The US-led Western political economy	p. 91
The communist political economy	p. 94
The southern political economy	p. 94
The Post-Cold War Era: 1990-2010	p. 96
Competing capitalisms and state transformation	p. 96
The information revolution	p. 99
International organizations and governance	p. 101
Conclusion	p. 102
Further Reading	p. 105
Part 3 Dynamics	p. 107
6 International Trade	p. 109
Definitions	p. 109
Theoretical Perspectives: Free Trade and Protectionism	p. 111
Proponents of free trade	p. 111
Critics of free trade	p. 113
Major Developments	p. 115
Growth and protectionism	p. 115
Changing institutional arrangements	p. 119
Key Issues	p. 122
Developing country interests	p. 123
Regional trade agreements	p. 127
Legitimacy	p. 129
Conclusion	p. 130
Further Reading	p. 131
7 Transnational Production	p. 132
Definitions	p. 134
Theoretical Perspectives: Explaining the Growth of TNCs	p. 135
Major Developments	p. 138
The globalization of production	p. 138
Changing organizational principles	p. 142
Key Issues	p. 145
Re-evaluating the benefits of FDI	p. 145
State-firm interactions	p. 148
Regulating capital	p. 152
Conclusion	p. 152
Further Reading	p. 153
8 The Global Financial System	p. 154
Definitions and Background	p. 154
Theoretical Perspectives: The Mundell-Fleming Model	p. 157
Major Developments	p. 159
IMS: from fixed to floating and regional currencies	p. 159
Credit: financial innovation and repeated crises	p. 163
Key Issues	p. 172
Global credit crisis	p. 172
Future of the US dollar	p. 174
The European sovereign debt and euro crisis	p. 177
Conclusion	p. 179
Further Reading	p. 181
9 Global Division of Labour	p. 182
Definitions	p. 182
Theoretical Perspectives: Adam Smith and his Critics	p. 185
Major Developments	p. 187
Changes in the production process	p. 187
From the new international to the global division of labour	p. 188
Key Issues	p. 190
Global restructuring: the rise of China and India	p. 190
The struggle for workers' rights in a global economy	p. 194
The division of labour and global stability	p. 196
Conclusion	p. 199
Further Reading	p. 199
10 Gender	p. 200
Definitions and Background	p. 200
Theoretical Perspectives: GPE as if Gender Mattered	p. 202
Major Developments	p. 205
Women in the world economy: employment trends and prospects	p. 205
Gender and global public policy	p. 207
Key Issues	p. 212
The feminization of poverty	p. 212
Globalization of reproductive work	p. 213
Gender and global restructuring	p. 216
Conclusion	p. 217
Further Reading	p. 218
11 Economic Development	p. 219
Definitions	p. 221
Theoretical Perspectives on Growth and Development	p. 224
Major Developments	p. 229
Development and national capitalism, 1947-81	p. 229
Development, neoliberalism and beyond, 1982-2009	p. 231
Key Issues	p. 234
The organization of development	p. 234
Debt and debt relief	p. 237
North-South conflict	p. 239
Conclusion	p. 241
Further Reading	p. 241
12 Global Environmental Change	p. 242
Definitions and Background	p. 243
Theoretical Perspectives: IPE and Environmental Studies	p. 244
IPE debates	p. 245
ÆEnvironmental studies' debates	p. 247
Major Developments	p. 249
Bringing the environment in	p. 250
Mainstreaming environmentalism	p. 252
Key Issues	p. 253
Sustainable development	p. 253
Trade and environmental degradation	p. 256
Climate change negotiations	p. 257
Conclusion	p. 259
Further Reading	p. 260
13 Ideas	p. 261
Definitions	p. 261
Theoretical Perspectives: Ideas about Ideas	p. 262
Major Developments	p. 265
The information revolution and the information society	p. 265
The rise and stall of the Washington Consensus	p. 267
Key Issues	p. 270
Technological diffusion	p. 270
Property rights and life (HTV/AIDS)	p. 271
Ideas, interests and the global financial crisis	p. 273
Conclusion	p. 276
Further Reading	p. 276
14 Security	p. 277
Definitions: Three Views of Security	p. 277
The traditional state-centric approach	p. 277
New security studies	p. 278
Human security	p. 279
Theoretical Perspectives: Integrating Security and Political Economy	p. 280
Major Developments	p. 283
The Cold War security structure	p. 283
The post-Cold War security structure	p. 284
Key Issues	p. 288
Economic statecraft and security	p. 288
Transnational crime	p. 291
Disease, pandemics and1 security	p. 292
Conclusion	p. 294
Further Reading	p. 294
15 Governing the Global Political Economy	p. 295
Definitions	p. 295
Theoretical Perspectives: Whither the State?	p. 295
Major Developments	p. 297
Proliferation of governance levels	p. 298
Proliferation of actors	p. 301
The Global Compact	p. 304
Twenty-first-century Challenges	p. 305
Development and growth	p. 305
Equality and justice	p. 306
Democracy and regulation	p. 309
Conclusion	p. 311
Further Reading	p. 311
References	p. 312
Index	p. 332

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