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Copyright, iv
Preface, xv
Part I. Perspectives on International Political Economy, 1
1. What Is International Political Economy?, 3
Overview, 3
The Essence of IPE, 4
Analytical Building Blocks: States, Markets, and Societies, 10
Analytical Tools of IPE, 15
Conclusion: Living in Interesting Times and Why We Should Study IPE, 18
Discussion Questions, 19
Internet Links, 19
Suggested Readings, 19
Key Terms, 20
Notes, 20
2. Wealth and Power: Mercantilism and Economic Nationalism, 21
Overview, 21
Mercantilism as History, Philosophy, and State Policy, 22
Mercantilism and Realism: Complementary Perspectives, 23
Economic Nationalism, 24
The Entrenchment of Neomercantilism, 26
Box: Bananas, Beef, and National Security, 28
Box: China Versus Unocal, 30
Globalization and Neomercantilism, 32
Conclusion, 34
Discussion Questions, 34
Internet Links, 35
Suggested Readings, 35
Key Terms, 35
Notes, 35
3. “Laissez-Faire, Laissez-Passer”: The Liberal IPE Perspective, 37
Overview, 37
Roots of the Economic Liberal Perspective, 38
Box: The Tenets of Capitalism, 39
The Liberal View of International Relations, 44
Box: Britain’s Corn Laws, 44
John Stuart Mill and the Evolution of the Liberal Perspective, 45
John Maynard Keynes and the Great Depression, 46
Conservatism: The Resurgence of Classical Liberalism, 49
Reagan, Thatcher, and the Neoconservatives, 50
Globalization and the Economic Liberal Hour, 50
Conclusion: Economic Liberalism Today, 52
Box: Ordoliberalism and the Social Market Economy, 53
Discussion Questions, 54
Internet Links, 54
Suggested Readings, 55
Key Terms, 55
Notes, 55
Appendix: The Market Model, Market-Based Resource Allocation, Economic Efficiency, Efficiency Versus Equity, 56
4. Marx, Lenin, and the Structuralist Perspective, 62
Overview, 62
Marx and History, 64
Marx and Class Struggle, 65
Marx and the Crisis of Capitalism, 65
Three Views of Competition: Marx, Smith, and the Mercantilists, 66
Summing Up Marx, 67
Box: Marx and Culture, 68
Lenin and Imperialism, 69
Lenin and International Capitalism, 70
Modern World System Theory, 71
Dependency Theory, 72
Antonio Gramsci and Intellectual Hegemony, 73
The Structuralist Analysis of Modern Society, 74
Structuralism in Perspective, 76
Box: Structuralism Today: The Logic of Global Capitalism, 76
Discussion Questions, 78
Internet Links, 78
Suggested Readings, 79
Key Terms, 79
Notes, 79
5. Alternative Perspectives of International Political Economy, 81
Overview, 81
The Rational Choice Critique, 82
Box: Rent-Seeking in Mexico, 87
Constructivism, 89
Box: Landmines, 90
The Feminist Critique, 92
Hegemonic Stability Theory, 94
Conclusion, 96
Discussion Questions, 96
Internet Links, 96
Suggested Readings, 97
Key Terms, 97
Notes, 97
Part II. IPE Structures: Production, Finance, Security, and Knowledge, 99
6. International Production and Trade, 101
Overview, 101
Three Perspectives on International Trade, 104
Box: The Vocabulary of International Trade Policy, 106
GATT and the Liberal Postwar Trade Structure, 107
Regional Trade Blocs, 113
Trade as a Foreign Policy Tool, 118
Conclusion: The Elephant of International Trade, 120
Discussion Questions, 121
Internet Links, 121
Suggested Readings, 122
Key Terms, 122
Notes, 123
7. The International Monetary and Finance Structure, 125
Overview, 125
Foreign Exchange Rates, 127
Foreign Exchange Rate Systems, 132
Box: The IMF and the Balance of Payments, 134
Box: The Tangled Web of China’s Currency Manipulation, 144
Conclusion, 148
Discussion Questions, 149
Internet Links, 149
Suggested Readings, 149
Key Terms, 150
Notes, 150
8. The IPE of International Debt, 151
Overview, 151
The Debt Crisis of the 1980s, 153
Box: The Prisoner’s Dilemma, 154
Long-Term Debt and the HIPCs, 165
Conclusion, 167
Discussion Questions, 170
Internet Links, 170
Suggested Readings, 171
Key Terms, 171
Notes, 171
9. The Global Security Structure, 173
Overview, 173
The Multilayered Security Structure, 175
The Top Layer: Power Politics and State-System Order, 176
Box: The Iraq War: Why the Quagmire?, 178
The Second Layer: The Changing Role of International Organizations, 185
The Third Layer: The Coming Anarchy?, 189
Conclusion: The Times Are They a Chang’n?, 192
Discussion Questions, 193
Internet Links, 193
Suggested Readings, 194
Key Terms, 194
Notes, 194
10. Knowledge and Technology: The Basis of Wealth and Power, by Ross Singleton, 196
Overview, 196
The International Knowledge Structure, 197
The Nature and Effects of Technological Innovation, 199
The IPE of Technology and Intellectual Property Rights, 201
Three Perspectives on Intellectual Property Rights, 202
Box: International Harmonization of Biotechnology Protection, 203
U.S. Efforts to Protect Intellectual Property Rights, 204
Box: China: Coming of Age?, 207
North–South Conflicts over Intellectual Property Rights, 208
Box: Patent Rights Versus Patient Rights, 210
Conclusion, 211
Discussion Questions, 212
Internet Links, 212
Suggested Readings, 212
Key Terms, 213
Notes, 213
Part III. State–Market Tensions Today, 215
11. The European Union and the IPE of Regionalism, 217
Overview, 217
The Economics and Politics of Regionalism, 218
Europe and the Mirror of Regionalism, 222
Box: The Common Agricultural Policy, 226
The Bicycle Theory: Broader, Deeper, Ever Closer, 228
The Development of Political Institutions, 232
Three Challenges for the European Union, 235
Conclusion, 238
Discussion Questions, 239
Internet Links, 239
Suggested Readings, 240
Key Terms, 240
Notes, 240
12. Japan at the Crossroads, 241
Overview, 241
Patterns of Continuity and Change in Japanese History, 242
History: From Isolationist to Imperialist, 243
Multiple Explanations of Japan’s Economic Success, 245
Mercantilism Meets Capitalism: The Developmental State, 246
How Japan Won the Cold War, 247
Winning the Cold War but Losing the Peace, 248
The Bubble Economy, 250
The Political Bubble, 252
Japan Turns the Corner?, 254
Living with Success: Undoing the Knots, 255
The Future: A New Realism?, 257
Conclusion, 258
Discussion Questions, 259
Internet Links, 259
Suggested Readings, 259
Key Terms, 260
Notes, 260
13. States and Markets in Transition, by Patrick H. O’Neil, 262
Overview, 262
States and Markets in Transition, 263
Communism and the Classical Socialist System, 264
The Politics of Classical Socialism, 265
The Economics of Classical Socialism, 267
The Problems of Transition, 269
Political Institutions in Transition, 270
Economic Institutions in Transition, 272
China’s Transition to Market Socialism, 276
Conclusion, 279
Discussion Questions, 280
Internet Links, 280
Suggested Readings, 281
Key Terms, 281
Notes, 281
14. The Middle East: The Pursuit of Development, Democracy, and Peace, by Bradford Dillman, 283
Overview, 283
The Middle East’s Historical Legacy, 285
The Roots of Conflict and Cooperation, 287
Box: International Education and the Middle East, 293
Facing the Global Economy: Integration or Marginalization?, 294
Box: Dubai: The Las Vegas of Arabia, 295
The Challenge of Democracy, 301
Conclusion, 303
Discussion Questions, 304
Internet Links, 304
Suggested Readings, 304
Key Terms, 305
Notes, 305
Part IV. IPE North and South, 307
15. The Two Faces of Development, by Sunil Kukreja, 309
Overview, 309
Independence? The Two Faces of Economic Development, 311
The Face of Neocolonialism, 312
Changing the System: UNCTAD and the NIEO, 313
Is Development Possible?, 314
Which Way? Two Strategies of Economic Development, 316
Lessons of the East Asian Miracle and Crisis, 319
Confronting Globalization, 320
Box: Reforming the World Bank, 322
Conclusion, 328
Box: The Globalization of Sport and Development, 329
Discussion Questions, 331
Internet Links, 331
Suggested Readings, 332
Key Terms, 332
Notes, 332
16. The Human Connection, by Monica DeHart and Nick Kontogeorgopolous, 334
Overview, 334
The IPE of Migration, 335
Box: Mapping Modernization: China’s Internal Migration, 336
Box: Global Folks: Angelina Jolie and Bluegrass Music, 345
International Travel and Tourism, 347
Box: Burma Tourism Boycott: Should You Stay or Should You Go?, 353
Conclusion, 358
Discussion Questions, 359
Internet Links, 359
Suggested Readings, 359
Key Terms, 360
Notes, 360
17. Transnational Corporations: In the Hurricane’s Eye, 364
Overview, 364
Transnational Corporations in Perspective, 365
Box: Are TNCs Really Bigger Than States?, 373
Changing Reactions to Transnational Corporations, 374
A Global FDI Regime?, 378
Transnational Corporations Today, 380
Box: TNCs, Global Commodity Chains, and the Issue of Accountability, 382
Discussion Questions, 384
Internet Links, 384
Suggested Readings, 384
Key Terms, 384
Notes, 384
Part V. Global Problems, 387
18. The Illicit Global Economy, by Bradford Dillman, 389
Overview, 389
The Illicit Economy in Historical Perspective, 391
The Stakes and the Actors, 391
Studying the Illicit Economy: Key Findings, 392
Box: De Beers and “Blood Diamonds”, 394
Case Studies in the Illicit Global Economy, 399
Box: The Development of Colombia’s Supply Chain, 403
Box: Child Prostitution in the International Political Economy: Who’s Protecting the World’s Children?, 406
Conclusion, 407
Discussion Questions, 408
Internet Links, 408
Suggested Readings, 409
Key Terms, 409
Notes, 409
19. The IPE of Food and Hunger, 411
Overview, 411
Lifeboat Ethics, 413
The World Food Crisis, 415
Hunger Amidst Plenty, 416
Box: The IPE of Famine in Somalia, 417
An IPE of Food and Hunger, 419
Box: The IPE of Genetically Modified Organisms, 424
Conclusion, 428
Discussion Questions, 429
Internet Links, 429
Suggested Readings, 430
Key Terms, 430
Notes, 430
20. The Environment: The Green Side of IPE, 432
Overview, 432
A Brief History of Environmental Issues: The Widening Scope of Environmental Problems, 433
The Proliferation of Actors and Their Roles, 437
Box: Ocean Nuclear Waste Dumping, 438
Box: Deforestation, 441
Box: Managing Global Warming, 443
Solutions: A Green IPE?, 446
Box: Royalty Leads the Way: Prince Charles and Environmental Sustainability, 450
Conclusion, 451
Discussion Questions, 452
Internet Links, 452
Suggested Readings, 453
Key Terms, 453
Notes, 453
21. Conclusion: Where Do We Go from Here?, 455
Overview, 455
The IPE Approach: Some Concluding Thoughts, 455
IPE Today: Five Fundamental Tensions, 458
The Future? Four Scenarios, 465
Conclusion: Days of Futures Past, 471
What Can I Do?, 472
Discussion Questions, 472
Internet Links, 473
Suggested Readings, 473
Key Terms, 473
Notes, 474
Glossary, 475
Glossary of Acronyms, 493
Index, 495

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