States Versus Markets

States Versus Markets : Understanding the Global Economy

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Now in its fourth edition, this highly regarded and critically acclaimed textbook offers an authoritative introduction to international political economy. It is unique in offering an accessible, broad introduction to the development of the global economy from its inception to today's complex relationship between states and markets in the midst of economic crises.

Herman Mark Schwartz deftly shows that globalization is not a novel phenomenon but a recurrent process whereby markets have, since the 16th century, periodically redistributed economic activity. It links the production of goods and services in one region to the markets for those goods, and shows how this can lead to conflicts among states that try to create, enhance or subdue the markets.

Taking into account the continued rise of China, and the recent shift towards populism in the West, this book has been extensively rewritten and updated throughout. This is a thought-provoking text which will encourage upper level undergraduate and postgraduate students to think analytically about the inevitability of a global market influencing a state's policies and geo-economic position and to locate their own thinking within the IPE tradition.
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Product details

  • Hardback | 381 pages
  • 155 x 235 x 25.4mm | 775g
  • Red Globe Press
  • United Kingdom
  • English
  • Revised
  • 4th ed. 2019
  • XXVII, 381 p.
  • 135200447X
  • 9781352004472

Table of contents

Introduction.- PART I: STATES, AGRICULTURE, AND GLOBALIZATION.- Chapter 1. The Rise of the Modern State.- Chapter 2. European Mafias Abroad.- Chapter 3. States, Markets, and the Origins of International Inequality.- Chapter 4. Economic and Hegemonic Cycles.- Chapter 5. The Industrial Revolution and Late Development.- Chapter 6. Agricultural Exporters and the Search for Labour.- Chapter 7. Agriculture-Led Growth and Crisis in the Periphery.- Chapter 8. The Collapse of the Nineteenth-Century Economy.- PART II THE RISE AND FALL AND RISE AGAIN OF GLOBALIZATION.- Chapter 9. Depression 2.0, US Domestic Politics, and the Foundation of the Post-World War II System.- Chapter 10. International Money, Capital Flows, and Domestic Politics.- Chapter 11. Transnational Firms.- Chapter 12. Industrialization in the Old Agricultural Periphery.- Chapter 13. Trade and the rise and fall of Globalization 2.0.- Chapter 14. US Hegemony From Below.- Chapter 15. US Hegemony and Global Stability
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About Herman Mark Schwartz

HERMAN MARK SCHWARTZ is Professor of Politics, University of Virgnia, USA.
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