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Full Description
Broadly viewing the global economy as a political competition that produces winners and losers, International Political Economy holistically and accessibly introduces the field of IPE to students with limited background in political theory, history, and economics. This text surveys major interests and institutions and examines how state and non-state actors pursue wealth and power. Emphasizing fundamental economic concepts as well as the interplay between domestic and international politics, International Political Economy not only explains how the global economy works, it also encourages students to think critically about how economic policy is made in the context of globalization.
New to the Sixth Edition
Covers the economic impacts of 2016 electoral events, including new Trump administration initiatives related to TPP and NAFTA; the UK and Brexit, and the European populist wave.
Examines the global financial crisis, EU debt crisis, quantitative easing, global capital flow cycles, and currency wars.
Probes the death of the Doha Round and explores individual trade preferences, WTO dispute settlement, bilateral investment treaties and global value chains, labor standards, and the role of institutions for economic development.
Considers how U.S. monetary and fiscal policy shapes the flow of financial capital into and out of emerging market economies with a focus on the "Fragile Five," whether the Chinese Renminbi can displace the dollar as a global currency, and the newly constructed Asian Infrastructure Investment Bank.
Explores the impact of migration on wages and income inequality, and the growing importance of working remittances as a source of capital for developing countries.
Contents
Chapter 1. International Political Economy
Chapter 2. The WTO and the World Trade System
Chapter 3. The Political Economy of International Trade Cooperation
Chapter 4. A Society-Centered Approach to Trade Politics
Chapter 5. A State-Centered Approach to Trade Politics
Chapter 6. Trade and Development I: Import Substitution Industrialization
Chapter 7. Trade and Development II: Neoliberalism and Institutionalism
Chapter 8. Multinational Corporations in the Global Economy
Chapter 9. The Politics of Multinational Corporations
Chapter 10. The International Monetary System
Chapter 11. Cooperation, Conflict, and Crisis in the Contemporary International Monetary System
Chapter 12. A Society-Centered Approach to Monetary and Exchange-Rate Policies
Chapter 13. A State-Centered Approach to Monetary and Exchange-Rate Policies
Chapter 14. Developing Countries and International Finance I: The Latin American Debt Crisis
Chapter 15. Developing Countries and International Finance II: The Global Capital Flow Cycle
Chapter 16. Achievements of and the Challenge to the Global Capitalist Economy
