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| Preface | p. xv |
| About The Authors | p. xvii |
| An Overview | |
| From Management to Governance in International Economic Relations | p. 1 |
| Bretton Woods | p. 1 |
| Interdependence | p. 4 |
| Globalization | p. 7 |
| Conclusion | p. 10 |
| The Western System | |
| Governing the International Monetary System | p. 12 |
| The Bretton Woo... MORE | p. 14 |
| The Original Bretton Woods System | p. 14 |
| U.S. Leadership | p. 16 |
| Multilateral Management Under U.S. Leadership | p. 17 |
| From Bretton Woods to Interdependence | p. 20 |
| Financial Interdependence and Pluralism | p. 20 |
| The Nixon Shock and the Emergence of Floating Exchange Rates | p. 24 |
| Petrodollar Recycling | p. 25 |
| Interdependence | p. 28 |
| Growing Financial Interdependence | p. 28 |
| Liquidity: The Problem of the Dollar | p. 29 |
| Adjustment Under Floating Exchange Rates | p. 30 |
| Stability and Crisis Management | p. 35 |
| Europe's Efforts to Build a Regional Monetary System | p. 40 |
| Globalization | p. 42 |
| Globalization of Financial Markets | p. 42 |
| Economic and Monetary Union | p. 46 |
| Adjustment | p. 48 |
| Crisis Management | p. 53 |
| Regional or Country-Based Crises | p. 54 |
| Crises Involving Banks and Other Financial Institutions | p. 58 |
| The Subprime Mortgage Crisis | p. 59 |
| Preventing Future Crises | p. 61 |
| Global Monetary Governance in the Twenty-First Century | p. 62 |
| International Trade and Domestic Politics | p. 72 |
| The Bretton Woods System | p. 73 |
| The Havana Charter | p. 73 |
| The General Agreement on Tariffs and Trade | p. 74 |
| U.S. Leadership | p. 76 |
| Interdependence | p. 79 |
| Structural Change and Protectionism | p. 79 |
| An Old Issue: Agriculture | p. 92 |
| The New Protectionism | p. 93 |
| The Tokyo Round | p. 96 |
| Globalization | p. 98 |
| New Forms of Trade | p. 98 |
| The New Regionalism | p. 100 |
| The Uruguay Round | p. 102 |
| The Marrakesh Agreement | p. 105 |
| New Trade Challenges | p. 107 |
| Shifting Power Relationships | p. 110 |
| The Doha Round | p. 113 |
| Conclusions | p. 115 |
| The Multinational Corporation and Global Governance | p. 128 |
| Common Characteristics of MNCs | p. 130 |
| Trends in FDI and Other MNC Activities | p. 135 |
| Explaining the Growth in MNC Activity | p. 141 |
| Horizontal and Vertical FDI and the KK Model | p. 141 |
| Internalization Theory | p. 142 |
| The OLI Model | p. 143 |
| Product Cycle Theory | p. 143 |
| Obsolescing Bargain Theory | p. 143 |
| Oligopoly Theory | p. 144 |
| The Tariff-Jumping Hypothesis | p. 145 |
| The Importance of the Home Country | p. 145 |
| The Consequences of MNC Activity | p. 146 |
| Possible Negative Effects of MNCs | p. 148 |
| National Economic Control | p. 150 |
| Interference by Home Governments of Multinationals | p. 153 |
| Multinationals and the National Political Process | p. 155 |
| International Regimes for Foreign Direct Investment | p. 157 |
| National Governance | p. 158 |
| Regional Governance | p. 166 |
| International Governance | p. 169 |
| Governance in the OECD | p. 170 |
| Governance in the United Nations | p. 172 |
| Bilateral and Minilateral Governance | p. 173 |
| International Investment Agreements | p. 173 |
| The Multilateral Agreement on Investment | p. 174 |
| Conclusions | p. 175 |
| The North-South System | |
| The North-South System and the Possibility of Change | p. 188 |
| Liberal Theories of Economic Development | p. 193 |
| Marxist and Neo-Marxist Theories of Development | p. 194 |
| The Structuralists | p. 195 |
| Contrasting Marxist and Structuralist Perspectives | p. 197 |
| Weaknesses of the Three Perspectives | p. 198 |
| Dependence | p. 201 |
| Confrontation | p. 202 |
| Globalization | p. 204 |
| Financial Flows to Developing Countries | p. 212 |
| Bretton Woods and Foreign AID | p. 213 |
| The Original Bretton Woods | p. 213 |
| The Link Between Aid and Foreign Policy | p. 213 |
| Stagnation of Aid | p. 215 |
| Financial Flows in the Era of Interdependence | p. 217 |
| Confrontation and the New International Economic Order | p. 217 |
| Privatization of Financial Flows | p. 219 |
| The Decline of Aid in the 1980s | p. 221 |
| The Debt Crisis of the 1980s | p. 224 |
| Debt Crisis Management | p. 228 |
| Debt Fatigue | p. 230 |
| Globalization | p. 232 |
| Emerging Markets | p. 232 |
| Financial Crises of the 1990s | p. 233 |
| Common Causes, Distinct Consequences | p. 239 |
| Financial Flows to the Poorest Developing Countries | p. 240 |
| Financial Flows in the Twenty-First Century | p. 241 |
| Millennium Development Goals | p. 243 |
| The Impact of Financial Flows | p. 245 |
| Conclusion: The Future of Financial Flows | p. 248 |
| Trade and Development Strategies | p. 257 |
| Bretton Woods: Isolation from the Trading Order | p. 257 |
| Import Substitution | p. 257 |
| Trade Expansion and Declining Terms of Trade | p. 259 |
| Unity and Confrontation | p. 262 |
| Interdependence: Strategies to Increase Southern Power | p. 265 |
| Commodity Power and the New International Economic Order | p. 265 |
| Export-Led Growth | p. 268 |
| Theoretical Controversies over Export-Led Growth | p. 272 |
| New Pressures for Protection in North-South Trade | p. 273 |
| The New Pragmatism | p. 275 |
| Globalization: Joining the Trade Regime | p. 277 |
| The Uruguay Round | p. 277 |
| The Rise of the BRICs | p. 280 |
| The Doha Round | p. 282 |
| North-South Trade in the Twenty-First Century | p. 287 |
| Multinational Corporations in the Third World | p. 298 |
| The Role of MNCs and FDI in the South | p. 299 |
| Bargaining for Greater Control | p. 303 |
| Political Factors that Influence the Location of Foreign Direct Investment | p. 305 |
| Arguments about the Positive Impact of MNCs on Economic Development | p. 306 |
| Criticisms of the Role of MNCs in Economic Development in the 1970s | p. 308 |
| The Economic Impact of MNCs in the Developing World: Empirical Evidence | p. 310 |
| Interference by MNCs in National Politics: Empirical Evidence | p. 311 |
| Interdependence | p. 312 |
| Regulation of Inflows of Foreign Investment by Developing Countries in the 1970s | p. 312 |
| The New Pragmatism | p. 317 |
| Globalization | p. 322 |
| The Rise of International Production Networks | p. 323 |
| Third World MNCs | p. 324 |
| MNCs and the Antiglobalization Movement | p. 325 |
| The Future: Cooperation or Conflict? | p. 328 |
| Oil and Politics | p. 338 |
| Corporate Oligopoly | p. 340 |
| Seven Sisters | p. 340 |
| Decline of the Oligopoly | p. 342 |
| The OPEC System | p. 343 |
| Negotiation | p. 343 |
| The First Oil Crisis: Unilateral Power | p. 344 |
| Stable OPEC Management | p. 346 |
| The Second Oil Crisis: A System Out of Control | p. 349 |
| Other OPECs? | p. 350 |
| OPEC in Decline | p. 355 |
| The Impact of Higher Oil Prices | p. 355 |
| Oil Price Wars | p. 359 |
| Era of Globalization | p. 361 |
| The Gulf War | p. 361 |
| Oil in the Caspian Region | p. 363 |
| Changing Economics of Oil at the End of the Twentieth Century | p. 365 |
| Oil in the Twenty-First Century | p. 368 |
| Rising Price of Oil | p. 368 |
| The War in Iraq | p. 372 |
| Looking Ahead | p. 373 |
| Implications of the End of the Cold War | |
| East-West Economic Relations: From Isolation to Integration | p. 378 |
| The Cold War | p. 379 |
| The Creation of an Eastern Economic Bloc | p. 379 |
| Western Economic Warfare | p. 381 |
| The Collapse of the Communist System | p. 384 |
| Forces of Change in the East | p. 384 |
| Gorbachev's Economic and Political Reforms | p. 388 |
| The Failure of Perestroika | p. 390 |
| From Communism to Capitalism | p. 392 |
| Problems of Transition from Communism | p. 392 |
| Yeltsin: Crisis and Reform | p. 393 |
| Russian Foreign Economic Policies under Yeltsin and the West's Response | p. 396 |
| The Crisis of 1998 | p. 397 |
| Domestic Economic Policies of the Putin Regime | p. 398 |
| International Economic Relations in the Putin Era | p. 400 |
| Economic Reform in Eastern Europe | p. 401 |
| China | p. 405 |
| Cold War and Isolation | p. 405 |
| Deng Xiaoping's Economic Reforms | p. 408 |
| China: Regional Power or Global Economic Superpower? | p. 415 |
| Conclusion | p. 415 |
| Conclusion: Globalization and Governance | p. 427 |
| The Evolution of International Economic Governance | p. 428 |
| Challenges for Global Governance | p. 432 |
| Characteristics of a New System of Governance | p. 435 |
| Glossary | p. 441 |
| Acronyms | p. 475 |
| Index | p. 481 |
| Table of Contents provided by Ingram. All Rights Reserved. |