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Full Description
Now in its fourth edition, this highly regarded and critically acclaimed textbook offers an authoritative introduction to international political economy. It is unique in offering an accessible, broad introduction to the development of the global economy from its inception to today's complex relationship between states and markets in the midst of economic crises.
Herman Mark Schwartz deftly shows that globalization is not a novel phenomenon but a recurrent process whereby markets have, since the 16th century, periodically redistributed economic activity. It links the production of goods and services in one region to the markets for those goods, and shows how this can lead to conflicts among states that try to create, enhance or subdue the markets.
Taking into account the continued rise of China, and the recent shift towards populism in the West, this book has been extensively rewritten and updated throughout. This is a thought-provoking text which will encourage upper level undergraduate and postgraduate students to think analytically about the inevitability of a global market influencing a state's policies and geo-economic position and to locate their own thinking within the IPE tradition.
New to this Edition:
- Thoroughly updated to cover all major developments in global political economy since the financial crisis
- Timelines in most chapters show key events in the evolution of the global economy
- Offers a particularly clear account, now with chapter summaries, updated examples and a glossary of key terms
Contents
Introduction
PART I: STATES, AGRICULTURE, AND GLOBALIZATION
Chapter 1. The Rise of the Modern State
Chapter 2. European Mafias Abroad
Chapter 3. States, Markets, and the Origins of International Inequality
Chapter 4. Economic and Hegemonic Cycles
Chapter 5. The Industrial Revolution and Late Development
Chapter 6. Agricultural Exporters and the Search for Labour
Chapter 7. Agriculture-Led Growth and Crisis in the Periphery
Chapter 8. The Collapse of the Nineteenth-Century Economy
PART II THE RISE AND FALL AND RISE AGAIN OF GLOBALIZATION
Chapter 9. Depression 2.0, US Domestic Politics, and the Foundation of the Post-World War II System
Chapter 10. International Money, Capital Flows, and Domestic Politics
Chapter 11. Transnational Firms
Chapter 12. Industrialization in the Old Agricultural Periphery
Chapter 13. Trade and the rise and fall of Globalization 2.0
Chapter 14. US Hegemony From Below
Chapter 15. US Hegemony and Global Stability
