Global Capitalism: Its Fall and Rise in the Twentieth Century

Global Capitalism: Its Fall and Rise in the Twentieth Century


By (author) Jeffry A. Frieden

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  • Publisher: WW Norton & Co
  • Format: Paperback | 576 pages
  • Dimensions: 140mm x 200mm x 38mm | 481g
  • Publication date: 1 June 2007
  • Publication City/Country: New York
  • ISBN 10: 039332981X
  • ISBN 13: 9780393329810
  • Edition: Annotated
  • Edition statement: Reprint
  • Sales rank: 38,035

Product description

In 1900 international trade reached unprecedented levels and the world's economies were more open to one another than ever before. Then as now, many people considered globalization to be inevitable and irreversible. Yet the entire edifice collapsed in a few months in 1914. Globalization is a choice, not a fact. It is a result of policy decisions and the politics that shape them. Jeffry A. Frieden's insightful history explores the golden age of globalization during the early years of the century, its swift collapse in the crises of 1914-45, the divisions of the Cold War world, and the turn again toward global integration at the end of the century. His history is full of character and event, as entertaining as it is enlightening.

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Author information

Jeffry A. Frieden is Professor of Government at Harvard University. He specializes in the politics of international monetary and financial relations. Frieden is the author (with Menzie Chinn) of Lost Decades: The Making of America's Debt Crisis and the Long Recovery. His previous books include Global Capitalism: Its Fall and Rise in the Twentieth Century; Debt, Development, and Democracy: Modern Political Economy and Latin America, 1965-1985; and Banking on the World: The Politics of American International Finance; and he is the co-author or co-editor of many other books on related topics. His articles on the politics of international economic issues have appeared in a wide variety of scholarly and general-interest publications.

Review quote

"Frieden has a wonderful way of weaving together politics and economics, past and present in an accessible narrative that is...even-handed and objective." "This is an excellent, readable history of globalization with important lessons for our society." "An economic history of the twentieth century that makes the whole thing come alive." -- David Warsh "Broad and ambitious in its sweep... One lesson with enormous contemporary resonance emerges: globalization is neither inevitable nor irreversible. Governments can choose to retreat into isolation and have often done so." -- Alan Beattie "Essential reading for anyone who wants to understand the history of globalization from 1870 to the present." -- John Bruton