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The Politics of International Economic Relations, 5th Edition

Book Description

The first and definitive book of its kind, Joan Spero's The Politics of International Economic Relations has been fully updated to reflect the sweeping changes in the international arena. With the expertise of co-author Jeffrey Hart, the fifth edition strengthens the coverage of political and economic relations since the end of the Cold War, economic polarization in developing nations and the roots of economic decline in centrally planned economies. A new chapter on industrial policy and competitiveness debates further illustrates the changing dynamics of International Political Economy. Ideal as a supplement to the International Relations course or as the core text in International Political Economy, Spero and Hart's The Politics of International Economic Relations continues to give students the breadth and depth of scholarship needed to understand the politics of world economy.

Table of Contents

  1. Cover
  2. Half Title
  3. Full Title
  4. Copyright
  5. Dedication
  6. Contents
  7. Preface
  8. About the Authors
  9. Part One An Overview
    1. 1 The Management of International Economic Relations since World War II
  10. Part Two The Western System
    1. 2 International Money Management
      1. The Original Bretton Woods Agreement
      2. Unilateral U.S. Management
      3. Multilateral Management under U.S. Leadership
      4. Breakdown of Bretton Woods
      5. Management Dilemmas in the Post-Bretton Woods Era
      6. Europe's Efforts to Build a Regional Monetary System
      7. U.S. Policy: Alternating between Unilateralism and Collective Management
      8. Monetary Management in the 1990s
    2. 3 International Trade and Domestic Politics
      1. The Havana Charter
      2. Multilateral Management under U.S. Leadership
      3. Structural Change and Protectionism
      4. Pluralism
      5. The New Protectionism
      6. New Issues
      7. The New Regionalism
      8. The Tokyo Round
      9. The Uruguay Round
      10. The Uruguay Round Agreement
      11. Conclusion
    3. 4 The Multinational Corporation and the Issue of Management
      1. Common Characteristics of MNCs
      2. Trends in FDI and Other MNC Activities
      3. Explaining the Rapid Growth in MNC Activity
      4. Internalization Theory
      5. Product Cycle Theory
      6. Obsolescing Bargain Theory
      7. Oligopoly Theory
      8. The Tariff-Jumping Hypothesis
      9. The Importance of the Home Country
      10. The Consequences of MNC Activity
      11. MNCs in Canada and Europe
      12. National Economic Control
      13. Interference by Home Governments of Multinationals
      14. Multinationals and the National Political Process
      15. International Regimes for Foreign Direct Investment
      16. National Management
      17. Regional Management
      18. International Management
  11. Part Three The North-South System
    1. 5 The North-South System and the Possibility of Change
      1. Liberal Theories of Economic Development
      2. Marxist and Neo-Marxist Theories of Development
      3. The Structuralists
      4. Contrasting Marxist and Structuralist Perspectives
      5. Weaknesses in the Three Perspectives
      6. Development Strategies
    2. 6 International Financial Flows
      1. Foreign Aid and the Postwar Order
      2. The Link between Aid and Foreign Policy
      3. Stagnation of Aid
      4. Financial Flows in the 1970s: Politicization and Privatization
      5. The Aid and Debt Crises of the 1980s
      6. The Impact of Aid
      7. The Onset of the Debt Crisis
      8. Debt Crisis Management
      9. Debt Fatigue
      10. From Debt Crisis to Emerging Markets
      11. The Impact of the Debt Crisis on Third World Strategy
      12. The Future of Aid and Financial Flows
    3. 7 Trade and Development Strategies
      1. Isolation from the Postwar Trading Order
      2. From Import Substitution to Trade Expansion
      3. Unity and Confrontation
      4. Commodity Power and the New International Economic Order
      5. The New Order for the 1980s
      6. The New Pragmatism
      7. Beyond the Uruguay Round
    4. 8 Multinational Corporations in the Third World
      1. Power: The Local Economy
      2. Power: Local Government
      3. Efficiency, Growth, and Welfare
      4. National Political Process
      5. Management of Foreign Investment by Less-Developed Countries
      6. The 1980s: The New Pragmatism
      7. The Future: Cooperation or Conflict?
    5. 9 Oil, Commodity Cartels, and Power
      1. The Dependency System of International Oil
      2. The Process of Change: From Negotiation to Unilateral Power
      3. OPEC Management
      4. The Second Oil Crisis: A System Out of Control
      5. OPEC in Decline: The World Oil Glut
      6. Oil Price Warst
      7. The Gulf War
      8. The Future of OPEC
      9. Other OPECs?
      10. Bauxite, Bananas, and Copper
  12. Part Four The End of the Cold War and Its Consequences for the World Economy
    1. 10 East-West Economic Relations during and after the Cold War
      1. East-West Economic Relations in the Early Cold War Period
      2. The Creation of an Eastern Economic Bloc
      3. Forces of Change in the East
      4. East-West Economic Relations: From the 1960s to the End of the Cold War
      5. Gorbachev's Economic and Political Reforms
      6. The Failure of Perestroika
      7. Problems of Transition from Communism
      8. Yeltsin: Crisis and Reform
      9. Russian Foreign Economic Policies and the West's Response
      10. Economic Reform in Eastern Europe
      11. China
      12. East-West Economic Relations since the End of the Cold War
  13. Conclusion: Globalization and the New World Order
    1. A New World Order?
    2. A New World Order, or a Reformed World Order
  14. Glossary
  15. Acronyms
  16. Selected Bibliography
  17. Index