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This course is intended to introduce students to the contemporary issues in the global political economy that defines the future trends of world political economy in the 21st century. It may also cover relevant topics of global political economy that do not covered by other courses in this stream.
This book presents a unique Chinese perspective on globalization and state autonomy by reflecting on the discussion and debates on globalization and state autonomy in China. These debates, dated back to early 1990s, witnessed China’s gradual involvement in globalization. Like other developing countries, China faced tremendous pressure when globalization intensified in the 1990s. As it turned out, China arduously made up its mind to embrace globalization, which reached its height when China was finally adopted as a member of the World Trade Organization in 2001. Thus, the articles in this book record the anxiety, concerns, uncertainty and enthusiasm of Chinese scholars in the face of China’s embracing of globalization.
This book views the politics of international trade from a wide variety of angles. The 27 chapters are organized into 6 parts. Part 1 provides an overview of historical, theoretical, and methodological developments in the study of trade. Parts 2 through 5 consider a particular set of actors in international trade. Part 2 begins by looking at domestic society. Part 3 turns to firms as the unit of analysis. Part 4 concentrates on domestic political institutions. Part 5 jumps to the international level of analysis. Part 6 examines the issue linkage between trade policy and other policy areas, such as national security, human rights, and capital flows.
This book focuses on the powerful economic, political, and technological forces that have shaped the world economy and political system. The developments of new emergence such as the end of the Cold War, the rise of new regionalisms, and technological developments including computing power, are all considered. Particular attention is given to economic globalization, its real and alleged implications for economic affairs, and the degree to which its nature, extent, and significance have been exaggerated and misunderstood. Moreover, it demonstrates that national policies and domestic economies remain the most critical determinants of economic affairs. The book also stresses the importance of economic regionalism, multinational corporations, and financial upheavals.
This book examines international and regional preferential trade agreements (PTAs), which offer like-minded countries a possible means to continue receiving the benefits of economic liberalization and expanded trade. Part One offers analysis of issues including the WTO, trade agreements and economic development, intellectual property rights, security and environmental issues, and PTAs and developing countries. Part Two examines regional and country-specific agreements and issues, including NAFTA, CARICOM, CETA, the Pacific Alliance, the European Union, EFTA, ECOWAS, SADC, TTIP, RCEP and the TPP (now the CPTPP), as well as the policies of countries such as Japan and Australia.
This book focuses on the external economic relations of the European Union as one of the most dynamic political fields in the process of European integration. It analyses the recent controversial questions of the external economic relations of the Union, dealing with the complexity of mixed agreements, transparency and legitimacy issues and recent proposals in relation to Investor-State-Dispute Settlement, the Trade Defence Instruments and the implications of the “Brexit” in this context. It also addresses ongoing bilateral and multilateral negotiations of the EU with China, Japan, Australia, Canada and Taiwan, deals with the EU in international organisations and institutions, and concludes with reviews of recent books in international economic law.
This third edition continues to provide an account of the theories, approaches, actors, issues, and practices at the heart of international development today. Part I deals with theories and approaches such as imperialism, gender, globalization, etc. Part 2 deals with actors such as state, institutions, private enterprise, civil society. A particular chapter is devoted to the discussion of China’s development. Part 3 deals with issues such as debt, democracy, climate change, information technologies, etc. Part 4 deals with practice such as global poverty reduction, social policy on inequality, humanitarian assistance, etc.
This book provides a historical survey of economic and political development theory and practice from the sovereign order of the post-1945 period to the liberal order that emerged during the 1980s. Against the background of changes in global politics, it explores how the project of international development has been shaped in a series of wider contexts. Divided into two historical parts: the Sovereign Order, post 1945 to the early-1980s, and the Liberal post-Cold War Era from the 1980s to the present day, it examines the evolution of ideas of international development, institutions in international development, and the practices of international development.
This book examines concepts in the study of the state. Part 1 deals with theoretical issues such as the concept of the state, the state autonomy, wars and states, etc. Part 2 deals with comparative studies in state formation such as the origins of the state, the rise of the modern state, nations and states, revolutionary regimes, etc. Part 3 deals with the politics of economy such as state and capitalism, the question of hegemony, etc. Part 4 deals with states and political behavior such as states and social movements, states and ethnicity, American exceptionalism, etc. The book asserts that states are likely to lose their importance in the future.
This book traces the evolution of the Security Council’s sanctions powers and charts the contours of the UN sanctions system. It consists of 4 parts. Part 1 gives an introduction to UN sanctions. Part 2 introduces the evolution of the UN sanctions framework. Part 3 deals with practice such as establishing the legal basis for sanctions, delineating the scope of sanctions and identifying targets, fine-tuning sanctions, and delegating responsibility for sanctions administration and monitoring. Part 4 discusses the topic of strengthening the rule of law. In its appendices, this book contains summaries of all 25 UN sanctions regimes established to date by the Security Council.
This book examines how economic sanctions can and cannot be used effectively to further U.S. foreign interests. It demonstrates the Import Substitution Industrialization effects in a large sample of cases, and demonstrates how sanctions fueled the rise of a powerful criminal elite in Yugoslavia who sponsored extreme nationalist political figures and how sanctions were twisted to Saddam Hussein’s personal benefit in Iraq. In the concluding chapter, the book suggests that positive sanctions, rather than negative sanctions alone, can be taken into consideration, and the effect that sanctions can have on third parties also worth attention.
This book analyses how financial elites in key dollar-holding emerging markets perceive the contest between the euro and the dollar for global currency status, and assesses how far the Eurozone has gone in challenging US hegemony in monetary affairs through the prism of these elites. Drawing on Chartalist and Constructivist theories of money, the book demonstrates how the gradual ascendance of a structurally flawed currency like the euro has highlighted the weaknesses of the dollar ad how the euro has demonstrated that sovereignty sharing in monetary affairs is possible and that the international monetary system can be a multicurrency and multilateral system.
This book challenges the accepted beliefs: Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
This book examines essential problems in the current International Monetary System, especially those concerning the International Standard. To do so, it focuses on the different monetary systems of today’s major currencies – the US dollar, the euro and the CNY, as well as the performance of the standards used in the international monetary system, i.e., the SDRs. In addition, it projects the potential consequences of including the Chinese CNY in the current SDR system, thus proposing a reform of the SDRs. The analytical research is mainly based on a performance comparison of the major international standards in the current international monetary system.
This book provides a comprehensive overview of the problems raised by debt and describing new and practical approaches to overcoming them. Part One offers a background to the problem of sovereign overindebtedness, its history, its impact, and its challenges. Part Two makes the legal, ethical and practical cases for debt relief and/or repudiation. Part Three offers a range of proposals for redressing past debts and avoiding future crises. The book includes pieces from the most relevant constituencies: from creditors (the IMF/World Bank, government lenders, private investors) to critics (debtor representatives, activists, and academics) and analysis from economists, bankers, lawyers, social scientists, and politicians
