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Political Economy and International Economics is the fifth volume of collected essays by the noted economist Jagdish Bhagwati.
GDP is much more than a simple statistic. It has become the overarching benchmark of success and a powerful ordering principle at the heart of the global economy. But the convergence of major economic, social and environmental crises has exposed the flaws of our economic system which values GDP above all else as a measure of prosperity and growth. In this provocative and inspiring new book, political economist Lorenzo Fioramonti sets out his vision of a world after GDP. Focusing on pioneering research on alternative metrics of progress, governance innovation and institutional change, he makes a compelling case for the profound and positive transformations that could be achieved through a post-GDP system of development. From a new role for small business, households and civil society to a radical evolution of democracy and international relations, Fioramonti sets out a combination of top-down reforms and bottom-up pressures whose impact, he argues, would be unprecedented, making it possible to build a more equitable, sustainable and happy society.
The idea that political and economic power moves in coordinated cycles has long intrigued political scientists and political economists, for if a pattern exists in the rise and fall of international political power, a model explaining this pattern gains predictive qualities. In Leading Sectors and World Powers, George Modelski and William R. Thompson venture beyond previous attempts to explain why major powers rise, fall, and fight about their changing status to establish an explicit connection between war, economic innovation, and world leadership. They argue that surges in economic innovation, which in turn are tied to global war, determine leadership in the global system. Modelski and Thompson base their theory on the coordination of long cycles (phases of world order and decay punctuated by intensive bouts of global war) and K-waves (cycles delineating the wax and wane of leading industrial sectors). They contend that K-waves appear in paired sets correlated to long-cycle shifts in political power. Modelski and Thompson conclude by discussing the nature and timing of the next K-wave/long cycle peak, commenting on the relevance of it for U.S. industrial policy and speculating on the possibility of evolving away from this pattern in the near future.
How do our everyday actions shape and transform the world economy? This volume of original essays argues that current scholarship in international political economy (IPE) is too highly focused on powerful states and large international institutions. The contributors examine specific forms of 'everyday' actions to demonstrate how small-scale actors and their decisions can shape the global economy. They analyse a range of seemingly ordinary or subordinate actors, including peasants, working classes and trade unions, lower-middle and middle classes, female migrant labourers and Eastern diasporas, and examine how they have agency in transforming their political and economic environments. This book offers a novel way of thinking about everyday forms of change across a range of topical issues including globalisation, international finance, trade, taxation, consumerism, labour rights and regimes. It will appeal to students and scholars of politics, international relations, political economy and sociology.
Exploring how changes in advanced technology deeply affect international politics, this book theoretically engages with the overriding relevance of investments in technological research, and the ways in which they directly foster a country’s economic and military standing. Scholars and practitioners present important insights on the technical and social issues at the core of technology competition.
As the twentieth century draws to a close and the rush to globalization gathers momentum, political and economic considerations are crowding out vital ethical questions about the shape of our future. Now, Hans Küng, one of the world's preeminent Christian theologians, explores these issues in a visionary and cautionary look at the coming global society. How can the new world order of the twenty first century avoid the horrors of the twentieth? Will nations form a real community or continue to aggressively pursue their own interests? Will the Machiavellian approaches of the past prevail over idealism and a more humanitarian politics? What role can religion play in a world increasingly dominated by transnational corporations? Küng tackles these and many other questions with the insight and moral authority that comes from a lifetime's devotion to the search for justice and human dignity. Arguing against both an amoral realpolitik and an immoral resurgence of laissez faire economics, Küng defines a comprehensive ethic founded on the bedrock of mutual respect and humane treatment of all beings that would encompass the ecological, legal, technological, and social patterns that are reshaping civilization. If we are going to have a global economy, a global technology, a global media, Küng argues, we must also have a global ethic to which all nations, and peoples of the most varied backgrounds and beliefs, can commit themselves. "The world," he says, "is not going to be held together by the Internet." For anyone concerned about the world we are creating, A Global Ethic for Global Politics and Economics offers equal measures of informed analysis, compassionate foresight, and wise counsel.
This book explores one of the most important current topics in international relations: whether trade diminishes or enhances conflict. Mark J. C. Crescenzi adopts an original perspective, arguing that the 'exit costs' confronting states - how hard it would be for them to replace the trade they are threatening to cut - determines the credibility of the threat and the effect of such trade on the likelihood of political conflict.
The problems of a troubled world economy and the essentially political issues of how it should be managed make up the stuff of international political economy. The overwhelming importance of these questions has drawn ever increasing numbers of students and teachers in universities, colleges and schools to study the subject. There are many paths into international political economy for them to follow and this volume, originally published in 1984, discusses most of them. The collection as a whole demonstrates that the field should be seen as the exclusive preserve of neither the economists nor the political scientists. On the contrary, there is much to learn from specialists - and practical people in government and business - with a variety of backgrounds. A rich selection is therefore offered, including history, population studies, money, trade, technology and law, from which the reader can pick and choose at will. The contributions point to the landmarks of the subject and provide useful tips on the best books to read and the most interesting ideas to look out for.
Includes statistics.