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International Political Economy - Thomas H. Oatley

International Political Economy

Paperback Published: 1st November 2013
ISBN: 9780205060634
Number Of Pages: 430

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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 readers with limited background in political theory, history, and economics.  This book 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 readers to think critically about how economic policy is made in the context of globalization.

Industry Reviews

This is an excellent textbook for undergraduate courses in international political economy. OatleyaEURO (TM)s exposition is clear and complete; it presents both basic theoretical foundations and effective contemporary applications. The book is analytically sophisticated and empirically rich and provides an exceptional introduction to the field. Jeffry A. Frieden, Harvard University

Prefacep. ix
International Political Economyp. 1
What Is International Political Economy?p. 2
Studying International Political Economyp. 7
Traditional Schools of International Political Economyp. 8
Interests and Institutions in International Political Economyp. 13
The Global Economy in Historical Contextp. 15
The World Trade Organization and the World Trade Systemp. 21
What Is the World Trade Organization?p. 22
Hegemons, Public Goods, and the World Trade Systemp. 28
The Evolving World Trade Organization: New Directions, New Challengesp. 32
The Greatest Challenge? Regional Trade Arrangements and the World Trade Organizationp. 36
The Political Economy of International Trade Cooperationp. 45
The Economic Case for Tradep. 46
Trade Bargainingp. 53
Enforcing Agreementsp. 58
A Society-Centered Approach to Trade Politicsp. 69
Trade Policy Preferencesp. 70
Factor Incomes and Class Conflictp. 70
Sector Incomes and Industry Conflictp. 73
Organizing Interests: The Collective Action Problem and Trade Policy Demandsp. 79
Political Institutions and the Supply of Trade Policyp. 81
A State-Centered Approach to Trade Politicsp. 89
States and Industrial Policyp. 90
The Infant-Industry Case for Protectionp. 91
State Strength: The Political Foundation of Industrial Policyp. 95
Industrial Policy in High-Technology Industriesp. 99
Strategic-Trade Theoryp. 100
Strategic Rivalry in Semiconductors and Commercial Aircraftp. 103
Trade and Development I: Import Substitution Industrializationp. 111
Domestic Interests, International Pressures, and Protectionist Coalitionsp. 112
The Structuralist Critique: Markets, Trade, and Economic Developmentp. 118
Market Imperfections in Developing Countriesp. 118
Market Imperfections in the International Economyp. 120
Domestic and International Elements of Trade and Development Strategiesp. 121
Import Substitution Industrializationp. 121
Reforming the International Trade Systemp. 128
Trade and Development II: Economic Reformp. 133
Emerging Problems with Import Substitution Industrializationp. 134
The East Asian Modelp. 137
Structural Adjustment and the Politics of Reformp. 145
Developing Countries and the World Trade Organizationp. 154
Multinational Corporations in the Global Economyp. 158
Multinational Corporations in the Global Economyp. 159
Economic Explanations for Multinational Corporationsp. 165
Locational Advantagesp. 165
Market Imperfectionsp. 168
Locational Advantages, Market Imperfections, and Multinational Corporationsp. 171
Multinational Corporations and Host Countriesp. 173
The Politics of Multinational Corporationsp. 180
Regulating Multinational Corporationsp. 181
Regulating Multinational Corporations in the Developing Worldp. 181
Regulating Multinational Corporations in the Advanced Industrialized Countriesp. 185
Bargaining with Multinational Corporationsp. 188
The International Regulation of Multinational Corporationsp. 194
The International Monetary Systemp. 202
The Economics of the International Monetary Systemp. 203
Exchange-Rate Systemsp. 203
The Balance of Paymentsp. 205
Balance-of-Payments Adjustmentp. 208
The Rise and Fall of the Bretton Woods Systemp. 212
Creating the Bretton Woods Systemp. 212
Implementing Bretton Woods: From Dollar Shortage to Dollar Glutp. 215
The End of Bretton Woods: Crises and Collapsep. 219
Cooperation, Conflict, and Crisis in the Contemporary International Monetary Systemp. 225
From the Plaza to the Louvre: Conflict and Cooperation during the 1980sp. 226
Global Imbalances and the Great Financial Crisis of 2007-2009p. 234
Exchange-Rate Cooperation in the European Unionp. 241
A Society-Centered Approach to Monetary and Exchange-Rate Policiesp. 249
Electoral Politics, the Keynesian Revolution, and the Trade-Off between Domestic Autonomy and Exchange-Rate Stabilityp. 250
Society-Based Models of Monetary and Exchange-Rate Politicsp. 255
The Electoral Model of Monetary and Exchange-Rate Politicsp. 257
The Partisan Model of Monetary and Exchange-Rate Politicsp. 260
The Sectoral Model of Monetary and Exchange-Rate Politicsp. 264
A State-Centered Approach to Monetary and Exchange-Rate Policiesp. 273
Monetary Policy and Unemploymentp. 274
The Time-Consistency Problemp. 281
Commitment Mechanismsp. 283
Independent Central Banks and Exchange Ratesp. 293
Developing Countries and International Finance I: The Latin American Debt Crisisp. 298
Foreign Capital and Economic Developmentp. 299
Commercial Bank Lending and the Latin American Debt Crisisp. 304
Managing the Debt Crisisp. 309
The Domestic Politics of Economic Reformp. 317
Developing Countries and International Finance II: A Decade of Crisesp. 323
The Asian Financial Crisisp. 324
Bretton Woods IIp. 332
The Heavily Indebted Poor Countriesp. 338
Globalization: Consequences and Controversiesp. 346
Globalization and Global Povertyp. 347
Globalization and ôSweatshopsöp. 351
Trade and the Environmentp. 358
Glossaryp. 370
Referencesp. 388
Indexp. 401
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780205060634
ISBN-10: 0205060633
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 430
Published: 1st November 2013
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 22.86 x 15.88  x 2.54
Weight (kg): 0.57
Edition Number: 5
Edition Type: New edition

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