States vs Markets

Resumen del libro

States versus Markets shows that globalization is not a novel phenomenon but a recurrent process whereby markets have, since the sixteenth century, periodically redistributed economic activity. This revised and updated new edition takes account of the new rise of Asia and the global financial crisis originating in the US housing finance system.

'This edition improves on an already outstanding text. What Schwartz does here is highly unusual and highly rewarding: he draws students into an adventure in learning that conveys knowledge about both the origins and evolution of a global political economy and the development of IPE as a branch of learning. And he brings it up to-date in a manner that places students at the center of important contemporary debates. If students have a choice of textbooks, this is the one.' Randall D. Germain, Carleton University, Canada

'States versus Markets has long been essential reading for those who seek to understand globalization and its periodic struggles with global imbalances and financial volatility. Professor Schwartz has now done it for the third time, and in keeping with his record this new third edition is yet better and richer than earlier excellence. Unlike more simplistic accounts, this highly approachable work offers a clear understanding of how and where 'globalization' came from and what it actually means for contemporary societies, gently debunking well-worn myths along the way. It is not only an impressive work of scholarship but also a pleasure to read, culminating in a dramatic account of financial crisis and the future of the global political economy.' Geoffrey R.D. Underhill, University of Amsterdam




Introduction
PART I: STATES, AGRICULTURE, AND GLOBALIZATION
The Rise of the Modern State: From Street Gangs to Mafias
States, Markets, and the Origins of International Inequality
Economic and Hegemonic Cycles
The Industrial Revolution and Late Development
Agricultural Exporters and the Search for Labor
Agriculture-Led Growth and Crisis in the Periphery: Ricardian Success, Ricardian Failure
The Collapse of the Nineteenth-Century Economy: The Erosion of Hegemony?
PART II: THE REEMERGENCE OF GLOBALIZATION
The Depression, U.S. Domestic Politics, and the Foundation of the Post-World War II System
International Money, Capital Flows, and Domestic Politics
Transnational Firms: A War of All against All
Industrialization in the Old Agricultural Periphery: The Rise of the Newly Industrialized Countries
Trade, Protection, and Renewed Globalization
US Hegemony: Declining from Below?
US Hegemony: Reviving or Declining from the Top Down

HERMAN M. SCHWARTZ Professor of Politics, University of Virgnia, USA.