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Introduction to International Political Economy

ISBN: 9780131495920 | 0131495925
Format: Hardcover
Publisher: Prentice Hall
Pub. Date: 6/1/1996

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SummaryTable of Contents
A clear comprehensive and unbiased introduction to International Political Economy written by an economist and a political scientist. The text takes an interdisciplinary approach as it examines international economic global issues.
PREFACEviii
PART I PERSPECTIVES ON INTERNATIONAL POLITICAL ECONOMY1(98)
1 What Is International Political Economy?
3(18)
First Princ... MORE
5(2)
Wealth and Power: The Tension Between States and Markets
7(2)
The Dynamic Nature of State-Market Interaction
9(1)
Case Study: The United States, China, and the MFN Issue
10(2)
What Is International Political Economy?
12(1)
The Structures of International Political Economy
13(2)
Values and Viewpoints: Theoretical Perspectives on IPE
15(1)
IPE in Perspective
16(5)
2 Wealth and Power: Mercantilism and Economic Nationalism
21(18)
The Intellectual Roots of Mercantilism
23(2)
The Mercantilist Period of History
25(1)
Economic Nationalism
26(1)
The Road to Postwar Neomercantilism
27(2)
Mercantilism as Economic Management: Statism
29(1)
Mercantilism and Realism: Complementary Philosophies
30(2)
Contemporary Economic Nationalism and Neomercantilism
32(2)
Case Study: Espionage
34(1)
Conclusion
35(4)
3 "Laissez-Faire, Laissez-Passer": The Liberal IPE Perspective
39(20)
Roots of the Liberal Perspective
42(2)
The Liberal View of International Relations
44(1)
Case Study: Britain's Corn Laws
45(1)
J. S. Mill and the Evolution of the Liberal Perspective
46(2)
The War, the Depression, and Mr. Keynes
48(2)
The Keynesian Compromise
50(1)
The Liberal View of Hegemony
51(3)
Conservatism: The Resurgence of Classical Liberalism
54(1)
Reagan, Thatcher, and the Neoconservatives
55(1)
Liberalism Today
56(3)
4 Marx, Lenin, and the Structuralist Perspective
59(18)
Marx and History
62(1)
Marx and Class Struggle
63(1)
Marx and the Crisis of Capitalism
64(3)
Marx and Structuralism
67(1)
Lenin and Imperialism
67(1)
Lenin and International Capitalism
68(1)
Other Aspects of the Structuralist Perspective
69(1)
Case Study: NAFTA and the Maquiladorization of Mexico
70(1)
Modern World System Theory
71(2)
Dependency Theory
73(1)
Structuralism in Perspective
74(3)
5 The Rational Choice Approach to IPE
77(22)
Elizabeth Nunn
Rational Choice Theory vs. Philosophical Perspectives
79(1)
The State and the Individual
79(1)
Rational Choice and Human Behavior
80(1)
Rational Choice and the Political Marketplace
81(2)
Private Interests and the National Interest
83(3)
Domestic Policy vs. International Relations
86(1)
A Rational Choice Analysis of NAFTA
87(2)
A Rational Choice Analysis of GATT
90(1)
Mercantilism: Rational Choice and Japanese Trade Policy
91(1)
Rational Choice and Structuralist IPE
92(1)
Rational Choice and Liberalism
93(2)
Conclusion
95(4)
PART II IPE STRUCTURES: PRODUCTION, FINANCE, SECURITY, AND KNOWLEDGE99(116)
6 International Trade
103(23)
The Motivation to Trade: The Theory of Comparative Advantage
106(2)
A Brief History of Trade
108(2)
The Great Depression: Trade Protection Abounds
110(1)
The GATT and the Postwar Trade Structure
111(2)
The Industrialized Nations: Protectionism Entrenched
113(1)
Strategic Trade
114(1)
The GATT Uruguay Round and Birth of the WTO
115(4)
LDCs and International Trade
119(1)
Trade as a Foreign Policy Tool
120(2)
Conclusion: The Future of International Trade
122(4)
7 The International Monetary System
126(21)
A Student's Guide to Foreign Exchange
128(1)
The FX Ticket: A Currency's Value Depends on What It Can Buy
129(2)
The Effects of FX Changes
131(5)
Introduction to the International Monetary System
136(1)
Fixed FX: The Classical Gold Standard
137(1)
Fixed FX Again: The Bretton Woods System
138(1)
The Lessons of Bretton Woods
139(2)
Markets at Work: Floating Exchange Rates
141(2)
States and Markets Together: Managed Exchange Rates
143(1)
The Problems of a World Monetary Order
144(3)
8 Debt: The Political Economy of International Finance
147(22)
The Nature and Significance of Finance
149(1)
The Vocabulary of International Finance
150(3)
How International Payments Balance
153(3)
Three Perspectives on the International Finance Structure
156(2)
The Global Financial Structure
158(2)
The Impact of Global Finance on IPE
160(1)
The LDC Debt Crisis
161(3)
Creating Cooperation: The Brady Plan
164(2)
States and Markets in Global Finance
166(3)
9 The International Security Structure
169(26)
The Cold War and the Changing Definition of National Security
171(1)
The North and South: The Burden of Interdependence
172(1)
The Three IPE Approaches to National Security
173(2)
The Balance of Power and the International Security Structure
175(1)
The Evolution of Multipolarity
176(1)
Hegemonic Power and International Security
177(2)
Cold War Military Strategy: The Rules of the Game
179(3)
The Vietnam War
182(2)
Economic Statecraft
184(2)
The OPEC Oil Crisis: More Shifts in the Underlying Elements of Power
186(1)
The Political Economy of National Security
186(2)
The Post-Cold War International Security Structure: The Persian Gulf War
188(2)
The Future of the International Security Structure
190(5)
10 Knowledge and Technology: The Basis of Wealth and Power
195(20)
Ross Singleton
The International Knowledge Structure
197(2)
The Nature and Impact of Technological Innovation
199(2)
The IPE of Technology and Intellectual Property Rights (IPRs)
201(1)
Three Perspectives on Intellectual Property Rights
202(1)
U.S. Efforts to Protect Intellectual Property Rights
203(3)
Cooperation and Conflict Among Industrialized Nations
206(1)
Case Study: Patenting Life-The International Harmonization of Biotechnology Protection
207(1)
North-South Conflicts over Intellectual Property Rights
208(2)
Case Study: Asian Developing Countries-Tigers or Copycats?
210(1)
Conclusion
211(4)
PART III STATE-MARKET TENSIONS TODAY215(95)
11 The European Union: The Economics and Politics of Integration
217(24)
The Logic of Economic Integration
219(2)
Growth and Efficiency: The Economics of Integration
221(1)
Sovereignty at Risk: The Politics of Integration
221(3)
The Birth of the European Economic Community
224(3)
Broader and Deeper: The EC, 1973-1993
227(2)
The Development of Political Institutions
229(2)
The European Union Today
231(2)
The Future of Economic and Political Integration in Europe
233(5)
Euro-Optimists and Euro-Pessimists
238(3)
12 Democracy and Markets: The IPE of NAFTA
241(18)
David J. Sousa
What Is NAFTA?
243(2)
"From the Yukon to the Yucatan": The Core of the Deal
245(2)
Supplemental Agreements on the Environment and Labor
247(3)
Markets, Democracy, and Protectionism
250(1)
Democracy and Markets
251(1)
Democracy, Markets, and NAFTA
252(2)
Conclusion: Democracy, NAFTA, and the Future of U.S. Trade Policy
254(5)
13 Japan and the International Political Economy
259(24)
Karl J. Fields
Elizabeth Norville
History: From Isolationist to Imperialist
260(4)
Post-World War II: Playing Catch Up
264(4)
Rich Uncle Sam: A Necessary Condition for Japan's Success?
268(1)
Japan at the Crossroads: All Caught Up
269(9)
Conclusion
278(5)
14 States and Markets in Transition
283(26)
States and Markets in Transition
284(1)
Communism and the Classical Socialist System
285(1)
The Politics of Classical Socialism
286(2)
The Economics of Classical Socialism
288(4)
The Problems of Transition
292(1)
The Politics of Transition
293(2)
The Economics of Transition
295(2)
Economic and Political Reform in Russia
297(3)
"Shock Therapy" in Poland
300(2)
China's Transition to Market Socialism
302(2)
States and Markets in Transition: Tensions, Issues, and Lessons
304(5)
PART IV IPE NORTH AND SOUTH309(74)
15 The Development Dilemma: NICs and LDCs
311(27)
Sunil Kukreja
The Third World and the Paradox of Economic Development
314(2)
The North-South Debate
316(1)
UNCTAD and the NIEO
317(2)
The Liberal Model and Economic Development
319(2)
Dependency: Development or Underdevelopment?
321(3)
The Newly Industrializing Countries
324(8)
Losing Ground: The African Predicament
332(1)
Conclusion
333(5)
16 The Changing IPE of Multinational Corporations
338(22)
Leon Grunberg
The Nature of Multinational Corporations
340(1)
Where Do They Come From and Where Do They Go?
340(3)
Reasons for Foreign Direct Investment, or Why Do Firms Invest Overseas?
343(2)
The Impact of Multinational Corporations
345(1)
The Positive View
346(2)
The Negative View
348(3)
The Impact of MNC: Summing Up
351(1)
Bargaining Relations Between MNC and Governments and Workers
352(2)
Conclusion
354(1)
Case Study: Wooing Multinational Corporation: The Case of Mercedes-Benz
355(5)
17 The IPE of Energy and Oil
360(23)
Timothy G. Amen
The OPEC Oil Crises of the 1970s: Pressures Behind the Shock
363(4)
Reactions to the OPEC Oil Crises
367(1)
The Deeper Roots of the Oil Crisis
368(4)
Oil and OPEC in the 1980s
372(1)
The IPE of Oil and Energy Today
373(1)
The Mercantilist Perspective
374(1)
The Economic Liberal Perspective
375(2)
The Structuralist Perspective
377(2)
Conclusion
379(4)
PART V GLOBAL PROBLEMS383(66)
18 The IPE of Food and Hunger
385(20)
Lifeboat Ethics
388(1)
Lifeboat Ethics Critiqued
388(2)
The World Food Crisis
390(2)
An IPE of Food and Hunger
392(2)
The Mercantilist Perspective
394(2)
Case Study: The IPE of Famine in Somalia
396(1)
The Liberal Perspective
397(3)
The Structuralist Perspective
400(2)
Conclusion
402(3)
19 The Environment: The Green Side of IPE
405(22)
The Environment as a Communal Good
407(1)
The Global Scope of Problems
408(2)
The Proliferation of Actors
410(2)
Linkages to Other Issues
412(1)
Case Study: The Greenhouse Effect
412(3)
Case Study: Deforestation
415(2)
Case Study: Ocean Nuclear Waste Dumping
417(1)
Solutions: A Green IPE?
418(5)
Conclusion
423(4)
20 The United States and the IPE
427(22)
The U.S. in the IPE: Questions, Challenges, Tensions
430(1)
Problem 1: The Growing Tension Between Domestic and International Priorities
430(7)
Problem 2: Reconciling National Security with Economic Security
437(3)
Problem 3: Wither Pax Americana?
440(1)
The Future? Four Scenarios
441(5)
Conclusion: Days of Futures Past
446(3)
GLOSSARY449(11)
GLOSSARY OF ACRONYMS460(1)
INDEX461

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