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| global capitalism frieden summary: Global Capitalism Jeffry A. Frieden, 2020-07-21 One of the most comprehensive histories of modern capitalism yet written. —Michael Hirsh, New York Times An authoritative, insightful, and highly readable history of the twentieth-century global economy, updated with a new chapter on the early decades of the new century. Global Capitalism guides the reader from the globalization of the early twentieth century and its swift collapse in the crises of 1914–45, to the return to global integration at the end of the century, and the subsequent retreat in the wake of the financial crisis of 2008. |
| global capitalism frieden summary: International Political Economy Jeffry A. Frieden, David A. Lake, 2002-11-01 Now in its fourth edition, this best-selling reader in international political economy offers 31 solid articles - 15 new - by renowned scholars in political science and economics. Frieden and Lake have edited and introduced each reading with care to ensure its accessibility to students who are new to the subject. This reader continues to offer a provocative look at the postive and negative impacts of globalization. |
| global capitalism frieden summary: International Political Economy Thomas D. Lairson, David Skidmore, 2016-12-08 This text offers a rethinking of the field of international political economy in an era of growing but uneven globalization. Even as global integration advances, states play central roles as partners with the largest of global firms, as the catalysts of competitiveness and economic growth, as the creators of global institutions, and in promoting and responding to global interdependence. Indeed, the struggle for power and wealth within and among states underscores the primacy of politics in understanding current realities. At the same time, new issues and actors complicate the global agenda as it expands to address the environment, global health, and food security. By offering a clear explanation of basic concepts, contextualizing the presentation of theoretical debates, and placing current events in historical context, International Political Economy ensures students a deep understanding of how the global economy works and the ways in which globalization affects their lives and those of people around the world. Key Content and Features Engages debates over the reach and significance of globalization. Examines the sources and consequences of global financial instability. Explores the origins and consequences of global inequality. Compares various strategies of development and state roles in competitiveness. Discusses the role of key international economic institutions. Considers the impact of the rise of China on the global economy and the potential for war and peace. Illustrates collective efforts to fight hunger, disease, and environmental threats. Includes numerous graphs and illustrations throughout and end of chapter discussion questions. Links key concepts for each chapter to a glossary at the end of the book. Provides a list of acronyms at the outset and annotated further readings at the end of each chapter. Offers additional resources on a web site related to the text, including a list of links to IPE-related web pages. |
| global capitalism frieden summary: Currency Politics Jeffry A. Frieden, 2014-12-28 A comprehensive analysis of the politics surrounding exchange rate policies in the global economy—with in-depth case studies. The exchange rate is the most important price in any nation’s economy, and a central factor in the global economy. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. In Currency Politics, Jeffrey Frieden combines narrative and statistical investigation to offer an enlightening analysis of exchange rate policies around the world. Many industries seek to influence politicians on currency policy. Frieden shows how each industry’s characteristics—including its exposure to currency risk and the price effects of exchange rate movements—determine their policy preferences. Frieden then evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings. He looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. Frieden also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. |
| global capitalism frieden summary: The Cambridge History of Capitalism Larry Neal, Jeffrey G. Williamson, 2014-01-23 The first volume of The Cambridge History of Capitalism provides a comprehensive account of the evolution of capitalism from its earliest beginnings. Starting with its distant origins in ancient Babylon, successive chapters trace progression up to the 'Promised Land' of capitalism in America. Adopting a wide geographical coverage and comparative perspective, the international team of authors discuss the contributions of Greek, Roman, and Asian civilizations to the development of capitalism, as well as the Chinese, Indian and Arab empires. They determine what features of modern capitalism were present at each time and place, and why the various precursors of capitalism did not survive. Looking at the eventual success of medieval Europe and the examples of city-states in northern Italy and the Low Countries, the authors address how British mercantilism led to European imitations and American successes, and ultimately, how capitalism became global. |
| global capitalism frieden summary: International Political Economy and Mass Communication in Chile Matt Davies, 1999-06-19 Examines power and hegemony in the international political economy from the perspective of the various agents who produce its systems. |
| global capitalism frieden summary: Global Order and Global Disorder Keith Suter, 2003-05-30 Is the world entering a period of breakdown or breakthrough? As Suter makes clear, globalization is reducing the role of national governments, but it is not yet clear what will follow the current world order. He explains the process of globalization and uses the technique of scenario planning to examine alternative forms of global order and disorder. The current world order is ending. The old order has been based on nation-states, or countries, with centralized national governments. As Keith Suter makes clear, the process of globalization, which is now the most important factor in world politics, is undermining that world order and leading to world disorder. Globalization is the process of the erosion of the nation-state as the basic unit of world politics, the declining power of national governments, and the reduced significance of national boundaries. Global change is running ahead of governments' abilities to manage it. Economics is only a part of that process. Suter also deals with other vital concerns: war, crime, environment, and health. Therefore, while Suter examines the growth and impact of transnational corporations, he also takes in many other matters that comprise globalization. The process of globalization is not reversible. Therefore, there has to be a search for a new order rather than vain efforts to patch up the system of the nation-states. Suter concludes by exploring alternatives to the current world order using the technique of scenario planning. A provocative analysis that will be of interest to scholars, students, researchers, and the general public concerned with international relations, law, and economic issues. |
| global capitalism frieden summary: Varieties of Capitalism Peter A. Hall, David W. Soskice, 2001 What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law. |
| global capitalism frieden summary: The New Rulers of the World John Pilger, 2016-03-22 John Pilger is one of the world's renowned investigative journalists and documentary filmmakers. In this classic book, with an updated introduction, he reveals the secrets and illusions of modern imperialism. Beginning with Indonesia, he shows how General Suharto's bloody seizure of power in the 1960s was part of a western design to impose a 'global economy' on Asia. A million Indonesians died as the price for being the World Bank's 'model pupil'. In a shocking chapter on Iraq, he delineates the true nature of the West's war against the people of that country. And he dissects, piece by piece, the propaganda of the 'war on terror' to expose its Orwellian truth. Finally, he looks behind the picture-postcard image of his homeland, Australia, to illuminate an enduring legacy of imperialism: the subjugation of the First Australians. |
| global capitalism frieden summary: The Great Trade Collapse: Causes, Consequences and Prospects Richard E. Baldwin, 2009 |
| global capitalism frieden summary: Introduction to Political Economy Charles Sackrey, Geoffrey Eugene Schneider, Janet T. Knoedler, 2010 |
| global capitalism frieden summary: Global Slump David McNally, 2010-12-09 Global Slump analyzes the global financial meltdown as the first systemic crisis of the neoliberal stage of capitalism. It argues that—far from having ended—the crisis has ushered in a whole period of worldwide economic and political turbulence. In developing an account of the crisis as rooted in fundamental features of capitalism, Global Slump challenges the view that its source lies in financial deregulation. The book locates the recent meltdown in the intense economic restructuring that marked the recessions of the mid-1970s and early 1980s. Through this lens, it highlights the emergence of new patterns of world inequality and new centers of accumulation, particularly in East Asia, and the profound economic instabilities these produced. Global Slump offers an original account of the “financialization” of the world economy during this period, and explores the intricate connections between international financial markets and new forms of debt and dispossession, particularly in the Global South. Analyzing the massive intervention of the world’s central banks to stave off another Great Depression, Global Slump shows that, while averting a complete meltdown, this intervention also laid the basis for recurring crises for poor and working class people: job loss, increased poverty and inequality, and deep cuts to social programs. The book takes a global view of these processes, exposing the damage inflicted on countries in the Global South, as well as the intensification of racism and attacks on migrant workers. At the same time, Global Slump also traces new patterns of social and political resistance—from housing activism and education struggles, to mass strikes and protests in Martinique, Guadeloupe, France and Puerto Rico—as indicators of the potential for building anti-capitalist opposition to the damage that neoliberal capitalism is inflicting on the lives of millions. |
| global capitalism frieden summary: Empire of Cotton Sven Beckert, 2015-11-10 WINNER OF THE BANCROFT PRIZE • A Pulitzer Prize finalist that's as unsettling as it is enlightening: a book that brilliantly weaves together the story of cotton with how the present global world came to exist. “Masterly … An astonishing achievement.” —The New York Times The empire of cotton was, from the beginning, a fulcrum of constant global struggle between slaves and planters, merchants and statesmen, workers and factory owners. Sven Beckert makes clear how these forces ushered in the world of modern capitalism, including the vast wealth and disturbing inequalities that are with us today. In a remarkably brief period, European entrepreneurs and powerful politicians recast the world’s most significant manufacturing industry, combining imperial expansion and slave labor with new machines and wage workers to make and remake global capitalism. |
| global capitalism frieden summary: Global Political Economy Theodore H. Cohn, 2016-05-05 Praised for its authoritative coverage, Global Political Economy places the study of international political economy (IPE) in its broadest theoretical contextnow updated to cover the continuing global economic crisis and regional relationships and impacts. This text not only helps students understand the fundamentals of how the global economy works but also encourages them to use theory to more fully grasp the connections between key issue areas like trade and development. Written by a leading IPE scholar, this text equally emphasizes theory and practice to provide a framework for analyzing current events and long-term developments in the global economy. New to the Seventh Edition Focuses on the ongoing global economic crisis and the continuing European sovereign debt crisis, along with other regional economic issues, including their implications for relationships in the global economy. Offers fuller and updated discussions of critical perspectives like feminism and environmentalism, and includes new material differentiating among the terms neomercantilism, realism, mercantilism, and economic nationalism. Updated, author-written Test Bank is provided to professors as an e-Resource on the book’s Webpage. |
| global capitalism frieden summary: Internationalization and Domestic Politics Robert O. Keohane, Helen V. Milner, 1996-04-26 This volume focuses on the effects of the internationalization of national markets on domestic politics. |
| global capitalism frieden summary: Global Complexity John Urry, 2002-12-30 Global Complexity is a path-breaking book, which examines how the ideas of chaos and complexity can help us to analyse global processes. Urry argues that there are major advantages in thinking about global processes in this way. The idea of complexity emphasizes that systems are balanced between order and chaos, that a system does not necessarily move towards equilibrium and that events are both unpredictable and irreversible in their effects. Hence specific events can have unexpected effects, often distant in time and space from where they occurred. This book combines new theory with many illustrations of how global processes operate. Urry distinguishes between 'global networks' and 'global fluids', and shows how forms of global emergence develop from the complex relationships between these networks and fluids. He draws out the implications of global complexity for our understanding of social order and argues that complexity requires us to reformulate the main categories of sociology and to reject any globalization thesis that is over-unified, dominant and unambiguous in its effects. Global systems are always 'on the edge of chaos'. This book will be of particular interest to students and scholars of sociology, politics, geography and economics and to and to all those concerned with rethinking the nature of globalization. |
| global capitalism frieden summary: A Companion to Ronald Reagan Andrew L. Johns, 2015-02-10 A Companion to Ronald Reagan evaluates in unprecedented detail the events, policies, politics, and people of Reagan’s administration. It assesses the scope and influence of his various careers within the context of the times, providing wide-ranging coverage of his administration, and his legacy. Assesses Reagan and his impact on the development of the United States based on new documentary evidence and engagement with the most recent secondary literature Offers a mix of historiographic chapters devoted to foreign and domestic policy, with topics integrated thematically and chronologically Includes a section on key figures associated politically and personally with Reagan |
| global capitalism frieden summary: Why International Cooperation is Failing Thomas Kalinowski, 2019 Ten years after the financial crisis of 2008 there is widespread scepticism about the ability to curb volatile financial markets and achieve international cooperation. Rather than simply a result of the clash of national egoisms, this book explores the structural origins of this failure in the competing models of capitalism across the globe. |
| global capitalism frieden summary: Neoliberal Resilience Aldo Madariaga, 2020-09-01 An exploration of the factors behind neoliberalism’s resilience in developing economies and what this could mean for democracy’s future Since the 1980s, neoliberalism has withstood repeated economic shocks and financial crises to become the hegemonic economic policy worldwide. Why has neoliberalism remained so resilient? What is the relationship between this resiliency and the backsliding of Western democracy? Can democracy survive an increasingly authoritarian neoliberal capitalism? Neoliberal Resilience answers these questions by bringing the developing world’s recent history to the forefront of our thinking about democratic capitalism’s future. Looking at four decades of change in four countries once considered to be leading examples of effective neoliberal policy in Latin America and Eastern Europe—Argentina, Chile, Estonia, and Poland—Aldo Madariaga examines the domestic actors and institutions responsible for defending neoliberalism. Delving into neoliberalism’s political power, Madariaga demonstrates that it is strongest in countries where traditional democratic principles have been slowly and purposefully weakened. He identifies three mechanisms through which coalitions of political, institutional, and financial forces have propagated neoliberalism’s success: the privatization of state companies to create a supporting business class, the use of political institutions to block the representation of alternatives in congress, and the constitutionalization of key economic policies to shield them from partisan influence. Madariaga reflects on today’s most pressing issues, including the influence of increasing austerity measures and the rise of populism. A comparative exploration of political economics at the peripheries of global capitalism, Neoliberal Resilience investigates the tensions between neoliberalism’s longevity and democracy’s gradual decline. |
| global capitalism frieden summary: Capitalism 4.0 Anatole Kaletsky, 2010-07 In early 2009, many economists, financiers, and media pundits were confidently predicting the end of the American-led capitalism that has shaped history and economics for the past 100 years. Yet the U.S. economic model, far from being discredited, may be strengthened by the financial crisis. In this provocative book, Anatole Kaletsky re-interprets the financial crisis as part of an evolutionary process inherent to the nature of democratic capitalism. Capitalism, he argues, is resilient. Its first form, Capitalism 1.0, was the classical laissez-faire capitalism that lasted from 1776 until 1930. Next was Capitalism 2.0, New Deal Keynesian social capitalism created in the 1930s and extinguished in the 1970s. Its last mutation, Reagan-Thatcher market fundamentalism, culminated in the financially-dominated globalization of the past decade and triggered the recession of 2009-10. The self-destruction of Capitalism 3.0 leaves the field open for the next phase of capitalisms evolution. Capitalism is likely to transform in the coming decades into something different both from the totally deregulated market fundamentalism of Reagan/Thatcher and from the Roosevelt-Kennedy era. This is Capitalism 4.0. |
| global capitalism frieden summary: Globalization in Historical Perspective Michael D. Bordo, Alan M. Taylor, Jeffrey G. Williamson, 2007-11-01 As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been made to present a long-term economic analysis of the phenomenon, one that frames the issue by examining its place in the long history of international integration. This volume collects eleven papers doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of the long-term integration of different markets-from the markets for goods and commodities to those for labor and capital, and from the sixteenth century to the present. The second set of contributions places this knowledge in a wider context, examining some of the trends and questions that have emerged as markets converge and diverge: the roles of technology and geography are both considered, along with the controversial issues of globalization's effects on inequality and social justice and the roles of political institutions in responding to them. The final group of essays addresses the international financial systems that play such a large part in guiding the process of globalization, considering the influence of exchange rate regimes, financial development, financial crises, and the architecture of the international financial system itself. This volume reveals a much larger picture of the process of globalization, one that stretches from the establishment of a global economic system during the nineteenth century through the disruptions of two world wars and the Great Depression into the present day. The keen analysis, insight, and wisdom in this volume will have something to offer a wide range of readers interested in this important issue. |
| global capitalism frieden summary: Darkness by Design Walter Mattli, 2021-06-08 Capital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralized exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and 'dark' markets, some of which are deliberately designed to enable the transfer of wealth from the weak to the powerful. Walter Mattli traces the fall of the traditional exchange model of the NYSE, the world's leading stock market in the twentieth century, showing how it has come to be supplanted by fragmented markets whose governance is frequently set up to allow unscrupulous operators to exploit conflicts of interest at the expense of an unsuspecting public. Market makers have few obligations, market surveillance is neglected or impossible, enforcement is ineffective, and new technologies are not necessarily used to improve oversight but to offer lucrative preferential market access to select clients in ways that are often hidden. Mattli argues that power politics is central in today's fragmented markets. He sheds critical light on how the redistribution of power and influence has created new winners and losers in capital markets and lays the groundwork for sensible reforms to combat shady trading schemes and reclaim these markets for the long-term benefit of everyone. Essential reading for anyone with money in the stock market, Darkness by Design challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole-- |
| global capitalism frieden summary: The Oxford Handbook of Political Economy Barry R. Weingast, Donald Wittman, 2008-06-19 Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions. |
| global capitalism frieden summary: The New North Laurence Smith, 2011-03-24 The New North is a book that turns the world literally upside down. Analysing four key 'megatrends' - population growth and migration, natural resource demand, climate change and globalisation - UCLA professor Larry Smith projects a world that by mid-century will have shifted its political and economic axes radically to the north. The beneficiaries of this new order, based on a bonanza of oil, natural gas, minerals and plentiful water will be the Arctic regions of Russia, Alaska and Canada, and Scandinavia. Meanwhile countries closer to the equator will face water shortages, aging populations, crowded megacities and coastal flooding. Smith draws on geography, economics, history, earth and climate science, but what makes his arguments so compelling is that he has spent many months exploring the region, talking to people in once-inaccessible Arctic towns, noting their economies, politics and stories. |
| global capitalism frieden summary: To the Brink of Destruction Timothy J. Sinclair, 2021-11-15 To the Brink of Destruction exposes how America's rating agencies helped generate the global financial crisis of 2007 and beyond, surviving and thriving in the aftermath. Despite widespread scrutiny, rating agencies continued to operate on the same business model and wield extraordinary power, exerting extensive influence over public policy. Timothy J. Sinclair brings the shadowy corners of this story to life by examining congressional testimony, showing how the wheels of accountability turned—and ultimately failed—during the crisis. He asks how and why the agencies risked their lucrative franchise by aligning so closely with a process of financial innovation that came undone during the crisis. What he finds is that key institutions, including the agencies, changed from being judges to being advocates years before the crisis, eliminating a vital safety valve meant to hinder financial excess. Sinclair's well-researched investigation offers a clear, accessible explanation of structured finance and how it works. To the Brink of Destruction avoids tired accusations, instead providing novel insight into the role rating agencies played in the worst crisis of modern global capitalism. |
| global capitalism frieden summary: Straight Talk on Trade Dani Rodrik, 2017-10-31 An honest discussion of free trade and how nations can sensibly chart a path forward in today’s global economy Not so long ago the nation-state seemed to be on its deathbed, condemned to irrelevance by the forces of globalization and technology. Now it is back with a vengeance, propelled by a groundswell of populists around the world. In Straight Talk on Trade, Dani Rodrik, an early and outspoken critic of economic globalization taken too far, goes beyond the populist backlash and offers a more reasoned explanation for why our elites’ and technocrats’ obsession with hyper-globalization made it more difficult for nations to achieve legitimate economic and social objectives at home: economic prosperity, financial stability, and equity. Rodrik takes globalization’s cheerleaders to task, not for emphasizing economics over other values, but for practicing bad economics and ignoring the discipline’s own nuances that should have called for caution. He makes a case for a pluralist world economy where nation-states retain sufficient autonomy to fashion their own social contracts and develop economic strategies tailored to their needs. Rather than calling for closed borders or defending protectionists, Rodrik shows how we can restore a sensible balance between national and global governance. Ranging over the recent experiences of advanced countries, the eurozone, and developing nations, Rodrik charts a way forward with new ideas about how to reconcile today’s inequitable economic and technological trends with liberal democracy and social inclusion. Deftly navigating the tensions among globalization, national sovereignty, and democracy, Straight Talk on Trade presents an indispensable commentary on today’s world economy and its dilemmas, and offers a visionary framework at a critical time when we need it most. |
| global capitalism frieden summary: Latin America and Global Capitalism William I. Robinson, 2008-11-24 2009 Best Book, International Political Economy Group of the British International Studies Association This ambitious volume chronicles and analyzes from a critical globalization perspective the social, economic, and political changes sweeping across Latin America from the 1970s through the present day. Sociologist William I. Robinson summarizes his theory of globalization and discusses how Latin America’s political economy has changed as the states integrate into the new global production and financial system, focusing specifically on the rise of nontraditional agricultural exports, the explosion of maquiladoras, transnational tourism, and the export of labor and the import of remittances. He follows with an overview of the clash among global capitalist forces, neoliberalism, and the new left in Latin America, looking closely at the challenges and dilemmas resistance movements face and their prospects for success. Through three case studies—the struggles of the region's indigenous peoples, the immigrants rights movement in the United States, and the Bolivarian Revolution in Venezuela—Robinson documents and explains the causes of regional socio-political tensions, provides a theoretical framework for understanding the present turbulence, and suggests possible outcomes to the conflicts. Based on years of fieldwork and empirical research, this study elucidates the tensions that globalization has created and shows why Latin America is a battleground for those seeking to shape the twenty-first century’s world order. |
| global capitalism frieden summary: Emerging Market Economies and Financial Globalization Leonardo E. Stanley, 2018-03-15 In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain. |
| global capitalism frieden summary: Market in State Yongnian Zheng, Yanjie Huang, 2018-09-06 Uses the framework of 'market in state', to argue that the Chinese economy is state-centered, dominated by political principles over economic principles. |
| global capitalism frieden summary: Measuring Globalisation Axel Dreher, Noel Gaston, Pim Martens, 2008-12-05 During the last few decades, human dynamics, institutional change, political relations, and the natural environment have become successively more intertwined. While the increased global economic integration, global forms of governance, globally inter-linked social and environmental developments are often referred to as “globalisation,” there is no unanimously-agreed upon definition of the term. Depending on the researcher or commentator, it can mean, among other things, the growing integration of markets and nation-states, receding geographical constraints on social and cultural arrangements, the increased dissemination of ideas and technologies, the threat to national sovereignty by trans-national actors; or the transformation of the economic, political and cultural foundations of societies. Regardless of perspective, globalisation permeates our economic, political, and social institutions to a profound degree. Recently, the issue of “sustainability” has reached the mainstream: are the forces of globalisation ultimately contributing to growth and opportunity—or to destruction and chaos? Against the chorus of globalisation’s proponents and detractors, the authors propose an approach for measuring globalisation and its consequences. Undertaking a comprehensive review of the literature on globalisation and using data from the MGI and KOF indices, the authors build a framework for defining globalisation and analyzing the relationships among economic, political, and social variables. In particular, they apply the methodology to analyze the effects of globalisation on tax policy, government spending, economic growth, inequality, union power, and the natural environment and consider additional avenues for research, analysis, and decision making. In the process, they hope that by introducing objective measures to enhance our insight into the functioning of the complex global system. Dreher, Gaston and Martens have produced the most systematicand comprehensive research I have seen on both measuring globalisation and analyzing its impact on the most important social and economic issues of our time. Globalisation research is a dense thicket. This books stands out among its many thorns. Geoffrey Garrett, President of the Pacific Council on International Policy This is an important contribution to the growing literature on measuring globalization. The analysis is comprehensive and insightful, making it a work that the students of globalization cannot ignore. Jagdish Bhagwati, University Professor, Economics and Law, Columbia University and Author of In Defense of Globalization |
| global capitalism frieden summary: International Capital Flows Martin Feldstein, 2007-12-01 Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants. |
| global capitalism frieden summary: Entrepreneurship in the Global Economy Henry Kressel, Thomas V. Lento, 2012-07-19 State-controlled economies such as China are building robust industries at stunning speed and siphoning off jobs from the West. This book addresses the crucial issue of state planning vs. free enterprise and examines specific problems surrounding entrepreneurship in the global economy through nine case histories of entrepreneurial companies. |
| global capitalism frieden summary: Confronting Inequality Jonathan David Ostry, Prakash Loungani, Andrew Berg, 2018-12 Three International Monetary Fund economists show that the increase in inequality has been a political choice--and explain what policies we should choose instead to achieve a more inclusive economy. Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age. |
| global capitalism frieden summary: Global Warming John T. Houghton, 1997-09-18 The best briefing on global warming the student or interested general reader could wish for. |
| global capitalism frieden summary: The Bretton Woods Agreements Naomi R. Lamoreaux, Ian Shapiro, 2019-07-23 Commentaries by top scholars alongside the most important documents and speeches concerning the Bretton Woods Conference of 1944 The two world wars brought an end to a long-standing system of international commerce based on the gold standard. After the First World War, the weaknesses in the gold standard contributed to hyperinflation, the Great Depression, the rise of fascism, and ultimately World War II. The Bretton Woods Conference of 1944 arose out of the Allies' desire to design a postwar international economic system that would provide a basis for prosperity, trade, and worldwide economic development. Alongside important documents and speeches concerning the adoption and evolution of the Bretton Woods system, this volume includes lively, readable, original essays on such topics as why the gold standard was doomed, how Bretton Woods encouraged the adoption of Keynesian economics, how the agreements influenced late-twentieth-century ideas of international development, and why the agreements ultimately had to give way to other arrangements. |
| global capitalism frieden summary: Banks on the Brink Mark Copelovitch, 2020 This innovative analysis investigates a complex issue of tremendous economic and political importance: what makes some countries vulnerable to banking crises, while others emerge unscathed? Banks on the Brink explains why some countries are more vulnerable to banking crises than others. Copelovitch and Singer highlight the effects of two variables in combination: foreign capital inflows and the relative prominence of securities markets in the domestic financial system. Foreign capital is the fuel for banks' potentially dangerous behavior, and banks are more likely to take on excessive risks when operating in a financial system with large securities markets. The book analyzes over thirty years of data and provides historical case studies of two key countries, Canada and Germany, each of which explores how political decisions in the 19th and early-20th centuries continue to affect financial stability today. The analyses in this book have crucial policy implications, identifying potential regulations and policies that can work to protect banking systems against future crises. • Stresses the under-explored relationship between banking systems, securities markets, and financial crises, illuminating the profound impact of factors on subsequent crises • Highlights the impact politics has on the development of a nation's financial markets, across space and time, in order to point out when and why banking systems become more prone to crisis • Uses comprehensive data analysis, in tandem with two historical case studies, Canada and Germany, in order to expand the study of financial crises beyond singular events and focus on enduring, institutional factors |
| global capitalism frieden summary: Forces of Labor Beverly J. Silver, 2003-04-21 This 2003 book analyzes the dynamics of labor movements, introducing a new database on labor unrest events worldwide. |
| global capitalism frieden summary: A Theory of Global Capitalism William I. Robinson, 2004-03-12 In this book, sociologist William Robinson offers a theory of globalization that follows the rise of a new capitalist class - and a new type of state formation. He explains how global capital mobility has allowed capital to reorganize production worldwide in accordance with a whole range of considerations that allow for maximizing profit-making opportunities. This worldwide decentralization and fragmentation of the production process has taken place alongside the centralization of command and control of the global economy in transnational capital. In turn, this economic reorganization finds a political counterpart in the rise of the transnational state. In the future, Robinson argues, hegemony will be exercised not by a particular nation-state but by the new global ruling class who, regardless of their nationality, tend to share similar lifestyles and interact through expanding networks of this transnational state. In this way, the process of globalization is unifying the world into a single mode of production that is increasingly integrating different countries and regions into a new global economy and society. contradictions, the twenty-first century is likely to harbor ongoing conflicts and disputes for control between the new transnational ruling group and the expanding ranks of the poor and the marginalized. |
| global capitalism frieden summary: The Global Police State William I. Robinson, 2020 A critical look at the terrifying ways the police are used to control'surplus' populations worldwide. |
| global capitalism frieden summary: Fashion Now Celia Stall-Meadows, 2011 With a rapidly changing industry, Fashion Now: A Global Perspective offers the very latest information in the fashion industry. Providing a detailed and highly visual study of fashion concepts and a global view of the fashion industry, learn how to become successful through decision-making based on the marketing approach - finding out what customers want and then providing a product or service to meet their needs and wants. |
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