International political economy / Thomas Oatley.

Format:

Book

Author/Creator:

Oatley, Thomas H., 1962- author.

Language:

English

Subjects (All):

International economic relations.

International finance.

Globalization.

Physical Description:

xvii, 393 pages : illustrations ; 23 cm

Edition:

Sixth edition.

Place of Publication:

New York, NY : Routledge, 2019.

Summary:

"Broadly viewing the global economy as a political competition that produces winners and losers, International Political Economy holistically and accessibly introduces the field of IPE to students with limited background in political theory, history, and economics. This text surveys major interests and institutions and examines how state and non-state actors pursue wealth and power. Emphasizing fundamental economic concepts as well as the interplay between domestic and international politics, International Political Economy not only explains how the global economy works, it also encourages students to think critically about how economic policy is made in the context of globalization." -- Provided by publisher.

Contents:

Machine generated contents note: ch. 1 International Political Economy

What is International Political Economy?

Studying International Political Economy

Traditional Schools of International Political Economy

Interests and Institutions in International Political Economy

The Global Economy in Historical Context

Conclusion

Key Terms

Suggestions for Further Reading

ch. 2 The WTO and the World Trade System

What is the World Trade Organization?

Hegemons, Public Goods, and the World Trade System

The Evolving World Trade Organization: New Directions, New Challenges

The Greatest Challenge? Regional Trade Arrangements and the World Trade Organization

ch. 3 The Political Economy of International Trade Cooperation

The Economic Case for Trade

Trade Bargaining

Enforcing Agreements

Suggestions for Further Reading

Note continued: ch. 4 A Society-Centered Approach to Trade Politics

Trade Policy Preferences

Factor Incomes and Class Conflict

Sector Incomes and Industry Conflict

Organizing Interests: The Collective Action Problem and Trade Policy Demands

Political Institutions and the Supply of Trade Policy

ch. 5 A State-Centered Approach to Trade Politics

States and Industrial Policy

The Infant-Industry Case for Protection

State Strength: The Political Foundation of Industrial Policy

Industrial Policy in High-Technology Industries

Strategic-Trade Theory

Strategic Rivalry in Semiconductors and Commercial Aircraft

ch. 6 Trade and Development I: Import Substitution Industrialization

Domestic Interests, International Pressures, and Protectionist Coalitions

Note continued: The Structuralist Critique: Markets, Trade, and Economic Development

Market Imperfections in Developing Countries

Market Imperfections in the International Economy

Domestic and International Elements of Trade and Development Strategies

Import Substitution Industrialization

Reforming the International Trade System

ch. 7 Trade and Development II: Neoliberalism and Institutionalism

Emerging Problems with Import Substitution Industrialization

The East Asian Model

Structural Adjustment and the Politics of Reform

Getting Institutions Right

ch. 8 Multinational Corporations in the Global Economy

Multinational Corporations in the Global Economy

Economic Explanations for Multinational Corporations

Locational Advantages

Market Imperfections

Note continued: Locational Advantages, Market Imperfections, and Multinational Corporations

Multinational Corporations and Host Countries

ch. 9 The Politics of Multinational Corporations

Regulating Multinational Corporations

Regulating Multinational Corporations in the Developing World

Regulating Multinational Corporations in the Advanced Industrialized Countries

Bargaining with Multinational Corporations

The International Regulation of Multinational Corporations

ch. 10 The International Monetary System

The Economics of the International Monetary System

Exchange-Rate Systems

The Balance of Payments

Balance-of-Payments Adjustment

The Rise and Fall of the Bretton Woods System

Creating the Bretton Woods System

Implementing Bretton Woods: From Dollar Shortage to Dollar Glut

Note continued: The End of Bretton Woods: Crises and Collapse

ch. 11 Cooperation, Conflict, and Crisis in the Contemporary International Monetary System

From the Plaza to the Louvre: Conflict and Cooperation During the 1980s

Global Imbalances and the Great Financial Crisis of 2007-2009

Exchange-Rate Cooperation in the European Union

ch. 12 A Society-Centered Approach to Monetary and Exchange-Rate Policies

Electoral Politics, the Keynesian Revolution, and the Trade-Off between Domestic Autonomy and Exchange-Rate Stability

Society-Based Models of Monetary and Exchange-Rate Politics

The Electoral Model of Monetary and Exchange-Rate Politics

The Partisan Model of Monetary and Exchange-Rate Politics

The Sectoral Model of Monetary and Exchange-Rate Politics

Key Term

Note continued: ch. 13 A State-Centered Approach to Monetary and Exchange-Rate Policies

Monetary Policy and Unemployment

The Time-Consistency Problem

Commitment Mechanisms

Independent Central Banks and Exchange Rates

ch. 14 Developing Countries and International Finance I: The Latin American Debt Crisis

Foreign Capital and Economic Development

Commercial Bank Lending and the Latin American Debt Crisis

Managing the Debt Crisis

The Domestic Politics of Economic Reform

ch. 15 Developing Countries and International Finance II: The Global Capital Flow Cycle

The Asian Financial Crisis

Bretton Woods II

Currency Wars, Taper Tantrums, and the Global Capital Flow Cycle

ch. 16 The Achievements of and Challenge to the Global Capitalist Economy

Note continued: The Achievements of the Global Capitalist Economy

Globalization and the Politics of Inequality

Suggestions for Further Reading.

Notes:

Includes bibliographical references (pages 374-388) and index.

ISBN:

9781138490727

1138490725

9781138490741

1138490741

OCLC:

1028584207