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With the end of the Cold War, the search for a new international and economic order has begun. In this comprehensive account, Sylvia Ostry provides a critical analysis of an international trade system in the throes of rapid and far-reaching change. With keen historical awareness, Ostry examines the role of key economic power brokers, particularly the United States, in the reconstruction and reconfiguration of an international economy after World War II. She argues that U.S. policy efforts were so successful that they led to an unprecedented renewal of economic growth, living standards, and education levels in postwar Europe and Japan. Ironically, those same policy successes unintentionally fostered the relative decline of U.S. dominance on the world trade scene as the reduction of trade and investment barriers prompted friction and conflict between different kinds of capitalist systems. Identifying the historical and legal issues key to postwar trade policy, Ostry has commandingly charted our economic course through the last half of this century and, perhaps, into the next. "Sylvia Ostry knows this subject as few others do, both as a scholar of international trade issues and a major player in the ongoing negotiations that have created the rules of the trade game. The Post-Cold War Trading System is a fine summary of where we've been and where we ought to be going."—Peter Passell, economic scene columnist for The New York Times
This book explains the rise of China, India, and Brazil in the international trading system, and the implications for trade law.
Traces the history of the Marshall Plan and the efforts to reconstruct western Europe as a bulwark against communist authoritarianism during a two-year period that saw the collapse of postwar U.S.-Soviet relations and the beginning of the Cold War.
Despite its widely acknowledged contribution to global prosperity over the past half century, the movement toward further liberalization has increasingly been challenged. This collection of essays examine several key issues at the heart of the debate over the multilateral trading system.
Conventional wisdom holds that the President enjoys the preponderance of foreign policy power, however Congress has influenced China policymaking more than is generally recognized. The legislature has demonstrated consistent interests in the realm of China policy, and it has invariably pursued those interests through law-making. During the post-Cold War period in particular, the Sino-U.S. relationship has evolved in a radically changing international environment, marked by a power transition inherent in China's rise. The development of official relations between Washington and Beijing during the Cold War occurred in the shadow of an assertive Soviet power, when the United States and China were able to find common geopolitical ground in opposing Soviet expansion while overlooking longstanding political disagreements. The dissolution of the Soviet empire, however, put the United States and China on a new geostrategic footing. Political disagreements were no longer exempted in light of a counter-Soviet strategy, and the reduction in concern for the Soviet threat allowed policymakers in Washington to more aggressively pursue trade interests that conflicted with those of China. Given this international context, this book aims to discern how Congress reconciled competing Sino-U.S. interests in a post-Cold War era, when external threats no longer dictated an apparent hierarchy that favored China over the Soviet Union. This work will be of interest to students and scholars of US foreign policy, China Studies and international relations in general.
Global Interdependence provides a new account of world history from the end of World War II to the present, an era when transnational communities began to challenge the long domination of the nation-state. In this single-volume survey, leading scholars elucidate the political, economic, cultural, and environmental forces that have shaped the planet in the past sixty years. Offering fresh insight into international politics since 1945, Wilfried Loth examines how miscalculations by both the United States and the Soviet Union brought about a Cold War conflict that was not necessarily inevitable. Thomas Zeiler explains how American free-market principles spurred the creation of an entirely new economic order--a global system in which goods and money flowed across national borders at an unprecedented rate, fueling growth for some nations while also creating inequalities in large parts of the Middle East, Latin America, and Africa. From an environmental viewpoint, J. R. McNeill and Peter Engelke contend that humanity has entered a new epoch, the Anthropocene era, in which massive industrialization and population growth have become the most powerful influences upon global ecology. Petra Goedde analyzes how globalization has impacted indigenous cultures and questions the extent to which a generic culture has erased distinctiveness and authenticity. She shows how, paradoxically, the more cultures blended, the more diversified they became as well. Combining these different perspectives, volume editor Akira Iriye presents a model of transnational historiography in which individuals and groups enter history not primarily as citizens of a country but as migrants, tourists, artists, and missionaries--actors who create networks that transcend traditional geopolitical boundaries.
China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.
The end of the Cold War has changed the shape of organized violence in the world and the ways in which governments and others try to set its limits. Even the concept of international conflict is broadening to include ethnic conflicts and other kinds of violence within national borders that may affect international peace and security. What is not yet clear is whether or how these changes alter the way actors on the world scene should deal with conflict: Do the old methods still work? Are there new tools that could work better? How do old and new methods relate to each other? International Conflict Resolution After the Cold War critically examines evidence on the effectiveness of a dozen approaches to managing or resolving conflict in the world to develop insights for conflict resolution practitioners. It considers recent applications of familiar conflict management strategies, such as the use of threats of force, economic sanctions, and negotiation. It presents the first systematic assessments of the usefulness of some less familiar approaches to conflict resolution, including truth commissions, "engineered" electoral systems, autonomy arrangements, and regional organizations. It also opens up analysis of emerging issues, such as the dilemmas facing humanitarian organizations in complex emergencies. This book offers numerous practical insights and raises key questions for research on conflict resolution in a transforming world system.
The end of the Cold War has opened up a 'real world laboratory' in which to test and refine general theories of international relations. Using the frameworks provided by structural realism, institutionalism and liberalism, The Post-Cold War International System examines how major powers responded to the collapse of the Soviet Union and developed their foreign policies over the period of post-Cold War transition. The book argues that the democratic peace has begun to generate powerful socialisation effects, due to the emergence of a critical mass of liberal democratic states since the end of the Cold War. The trend this has produced is similar to a pattern that classical realists have interpreted as 'bandwagoning' within a unipolar power structure. Case studies of Germany, China and Japan - identified as key states with the potential to challenge US dominance - provide evidence to support the assessment of international change. The author concludes by exploring the implications of September 11th for the analysis developed. This important volume argues that the end of the Cold War was a major historical turning point in the development of world politics with fundamental implications for the basic way in which the dynamics of the international system are conceptualised.