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Challenge of Global Capitalism : The World Economy in the 21st Century

Challenge of Global Capitalism : The World Economy in the 21st Century - 00 edition

ISBN13: 978-0691092799

Cover of Challenge of Global Capitalism : The World Economy in the 21st Century 00 (ISBN 978-0691092799)
ISBN13: 978-0691092799
ISBN10: 0691092796
Cover type: Paperback
Edition/Copyright: 00
Publisher: Princeton University Press
Published: 2000
International: No

List price: $45.00

Challenge of Global Capitalism : The World Economy in the 21st Century - 00 edition

ISBN13: 978-0691092799

Robert Gilpin

ISBN13: 978-0691092799
ISBN10: 0691092796
Cover type: Paperback
Edition/Copyright: 00
Publisher: Princeton University Press

Published: 2000
International: No
Summary

Many individuals proclaim that global capitalism is here to stay. Unfettered markets, they argue, now drive the world, and all countries must adjust, no matter how painful this may be for some. Robert Gilpin, author of the widely acclaimed Political Economy of International Relations (Princeton, 1987), urges us, however, not to take an open and integrated global economy for granted. Rather, we must consider the political circumstances that have enabled global markets to function and the probability that these conditions will continue. Gilpin's new book amounts to a magisterial inquiry into all major aspects of the contemporary world political economy. Beginning with the 1989 end of the Cold War and the subsequent collapse of communism, it focuses on globalization and rapid technological change and covers a broad sweep of economic developments and political cultures. Gilpin demonstrates the fragility of a global and integrated economy and recommends what can be done to strengthen it.

The international community has another chance to solidify the global market economy that collapsed with the outbreak of World War I. Yet, writes Gilpin, the full implications of this historic development for international affairs are not yet clear. Will socialist economies make a successful transition to market-type economies? What role will a dynamic China play in the world economy? Will the United States continue to exercise leadership or gravitate toward self-centered policies? Gilpin explores such questions along with problems in the areas of trade liberalization, multinational corporations, and destabilizing financial flows. He also investigates the struggles of less developed countries and the spread of economic regionalism, particularly in Europe, North America, and Pacific Asia, which directly threatens an open world economy.

The author maintains that global capitalism and economic globalization have rested and must continue to rest on a secure political foundation. However, this foundation has eroded since the end of the Soviet threat. To ensure survival of the global economy, Gilpin concludes, the United States and other major powers must recommit themselves to working together to rebuild its weakened political foundations.

Author Bio

Gilpin Robert : Princeton University

Robert Gilpin is the Eisenhower Professor of Public and International Affairs Emeritus at Princeton University. His works include Global Political Economy and The Political Economy of International Relations (both Princeton) and War and Change in World Politics.

Table of Contents

List of Illustrations
Acknowledgments
List of Abbreviations
INTRODUCTION The Fragile Global Economy
CHAPTER ONE The Second Great Age of Capitalism
CHAPTER TWO The Cold War International Economy
CHAPTER THREE The Insecure Trading System
CHAPTER FOUR The Unstable Monetary System
CHAPTER FIVE Global Financial Vulnerability
CHAPTER SIX Age of the Multinational
CHAPTER SEVEN European Regional Integration
CHAPTER EIGHT American Economic Strategy
CHAPTER NINE Asian Regionalism
CHAPTER TEN Globalization and Its Discontents
CHAPTER ELEVEN Managing the Global Economy
Notes
Select Bibliography
Index