Enhanced descriptions from Syndetics:

This is the first book to give you the full breadth and depth of coverage you need to truly understand the politics of today's world economy-now and in your future career. Completely updated, the new edition reflects the sweeping changes that continue to reshape the international system. The Seventh Edition strengthens the text's contemporary coverage of political and economic relations, global inequality, and the transition to capitalism in the formerly communist countries. Its emphasis on the impact of globalization makes this definitive text ideal for equipping you with a global perspective. New to this edition: Completely updated, this Seventh Edition delivers the most current coverage available, including new content on the rise of China and India and new discussions of the Doha Round of multilateral trade negotiations. A thorough discussion of the evolving nature of globalization and its impact on the world economy gives you valuable-and practical-insight into today's economy. Expanded coverage of anti-globalization movements provides more complete treatment of this key topic. Book jacket.

Table of contents provided by Syndetics

• Preface (p. xv)
• About The Authors (p. xvii)
• Part I An Overview
• 1 From Management to Governance in International Economic Relations (p. 1)
• Bretton Woods (p. 1)
• Interdependence (p. 4)
• Globalization (p. 7)
• Conclusion (p. 10)
• Part II The Western System
• 2 Governing the International Monetary System (p. 12)
• The Bretton Woods System (p. 14)
• The Original Bretton Woods System (p. 14)
• U.S. Leadership (p. 16)
• Multilateral Management Under U.S. Leadership (p. 17)
• From Bretton Woods to Interdependence (p. 20)
• Financial Interdependence and Pluralism (p. 20)
• The Nixon Shock and the Emergence of Floating Exchange Rates (p. 24)
• Petrodollar Recycling (p. 25)
• Interdependence (p. 28)
• Growing Financial Interdependence (p. 28)
• Liquidity: The Problem of the Dollar (p. 29)
• Adjustment Under Floating Exchange Rates (p. 30)
• Stability and Crisis Management (p. 35)
• Europe's Efforts to Build a Regional Monetary System (p. 40)
• Globalization (p. 42)
• Globalization of Financial Markets (p. 42)
• Economic and Monetary Union (p. 46)
• Adjustment (p. 48)
• Crisis Management (p. 53)
• Regional or Country-Based Crises (p. 54)
• Crises Involving Banks and Other Financial Institutions (p. 58)
• The Subprime Mortgage Crisis (p. 59)
• Preventing Future Crises (p. 61)
• Global Monetary Governance in the Twenty-First Century (p. 62)
• 3 International Trade and Domestic Politics (p. 72)
• The Bretton Woods System (p. 73)
• The Havana Charter (p. 73)
• The General Agreement on Tariffs and Trade (p. 74)
• U.S. Leadership (p. 76)
• Interdependence (p. 79)
• Structural Change and Protectionism (p. 79)
• An Old Issue: Agriculture (p. 92)
• The New Protectionism (p. 93)
• The Tokyo Round (p. 96)
• Globalization (p. 98)
• New Forms of Trade (p. 98)
• The New Regionalism (p. 100)
• The Uruguay Round (p. 102)
• The Marrakesh Agreement (p. 105)
• New Trade Challenges (p. 107)
• Shifting Power Relationships (p. 110)
• The Doha Round (p. 113)
• Conclusions (p. 115)
• 4 The Multinational Corporation and Global Governance (p. 128)
• Common Characteristics of MNCs (p. 130)
• Trends in FDI and Other MNC Activities (p. 135)
• Explaining the Growth in MNC Activity (p. 141)
• Horizontal and Vertical FDI and the KK Model (p. 141)
• Internalization Theory (p. 142)
• The OLI Model (p. 143)
• Product Cycle Theory (p. 143)
• Obsolescing Bargain Theory (p. 143)
• Oligopoly Theory (p. 144)
• The Tariff-Jumping Hypothesis (p. 145)
• The Importance of the Home Country (p. 145)
• The Consequences of MNC Activity (p. 146)
• Possible Negative Effects of MNCs (p. 148)
• National Economic Control (p. 150)
• Interference by Home Governments of Multinationals (p. 153)
• Multinationals and the National Political Process (p. 155)
• International Regimes for Foreign Direct Investment (p. 157)
• National Governance (p. 158)
• Regional Governance (p. 166)
• International Governance (p. 169)
• Governance in the OECD (p. 170)
• Governance in the United Nations (p. 172)
• Bilateral and Minilateral Governance (p. 173)
• International Investment Agreements (p. 173)
• The Multilateral Agreement on Investment (p. 174)
• Conclusions (p. 175)
• Part III The North-South System
• 5 The North-South System and the Possibility of Change (p. 188)
• Liberal Theories of Economic Development (p. 193)
• Marxist and Neo-Marxist Theories of Development (p. 194)
• The Structuralists (p. 195)
• Contrasting Marxist and Structuralist Perspectives (p. 197)
• Weaknesses of the Three Perspectives (p. 198)
• Dependence (p. 201)
• Confrontation (p. 202)
• Globalization (p. 204)
• 6 Financial Flows to Developing Countries (p. 212)
• Bretton Woods and Foreign AID (p. 213)
• The Original Bretton Woods (p. 213)
• The Link Between Aid and Foreign Policy (p. 213)
• Stagnation of Aid (p. 215)
• Financial Flows in the Era of Interdependence (p. 217)
• Confrontation and the New International Economic Order (p. 217)
• Privatization of Financial Flows (p. 219)
• The Decline of Aid in the 1980s (p. 221)
• The Debt Crisis of the 1980s (p. 224)
• Debt Crisis Management (p. 228)
• Debt Fatigue (p. 230)
• Globalization (p. 232)
• Emerging Markets (p. 232)
• Financial Crises of the 1990s (p. 233)
• Common Causes, Distinct Consequences (p. 239)
• Financial Flows to the Poorest Developing Countries (p. 240)
• Financial Flows in the Twenty-First Century (p. 241)
• Millennium Development Goals (p. 243)
• The Impact of Financial Flows (p. 245)
• Conclusion: The Future of Financial Flows (p. 248)
• 7 Trade and Development Strategies (p. 257)
• Bretton Woods: Isolation from the Trading Order (p. 257)
• Import Substitution (p. 257)
• Trade Expansion and Declining Terms of Trade (p. 259)
• Unity and Confrontation (p. 262)
• Interdependence: Strategies to Increase Southern Power (p. 265)
• Commodity Power and the New International Economic Order (p. 265)
• Export-Led Growth (p. 268)
• Theoretical Controversies over Export-Led Growth (p. 272)
• New Pressures for Protection in North-South Trade (p. 273)
• The New Pragmatism (p. 275)
• Globalization: Joining the Trade Regime (p. 277)
• The Uruguay Round (p. 277)
• The Rise of the BRICs (p. 280)
• The Doha Round (p. 282)
• North-South Trade in the Twenty-First Century (p. 287)
• 8 Multinational Corporations in the Third World (p. 298)
• The Role of MNCs and FDI in the South (p. 299)
• Bargaining for Greater Control (p. 303)
• Political Factors that Influence the Location of Foreign Direct Investment (p. 305)
• Arguments about the Positive Impact of MNCs on Economic Development (p. 306)
• Criticisms of the Role of MNCs in Economic Development in the 1970s (p. 308)
• The Economic Impact of MNCs in the Developing World: Empirical Evidence (p. 310)
• Interference by MNCs in National Politics: Empirical Evidence (p. 311)
• Interdependence (p. 312)
• Regulation of Inflows of Foreign Investment by Developing Countries in the 1970s (p. 312)
• The New Pragmatism (p. 317)
• Globalization (p. 322)
• The Rise of International Production Networks (p. 323)
• Third World MNCs (p. 324)
• MNCs and the Antiglobalization Movement (p. 325)
• The Future: Cooperation or Conflict? (p. 328)
• 9 Oil and Politics (p. 338)
• Corporate Oligopoly (p. 340)
• Seven Sisters (p. 340)
• Decline of the Oligopoly (p. 342)
• The OPEC System (p. 343)
• Negotiation (p. 343)
• The First Oil Crisis: Unilateral Power (p. 344)
• Stable OPEC Management (p. 346)
• The Second Oil Crisis: A System Out of Control (p. 349)
• Other OPECs? (p. 350)
• OPEC in Decline (p. 355)
• The Impact of Higher Oil Prices (p. 355)
• Oil Price Wars (p. 359)
• Era of Globalization (p. 361)
• The Gulf War (p. 361)
• Oil in the Caspian Region (p. 363)
• Changing Economics of Oil at the End of the Twentieth Century (p. 365)
• Oil in the Twenty-First Century (p. 368)
• Rising Price of Oil (p. 368)
• The War in Iraq (p. 372)
• Looking Ahead (p. 373)
• Part IV Implications of the End of the Cold War
• 10 East-West Economic Relations: From Isolation to Integration (p. 378)
• The Cold War (p. 379)
• The Creation of an Eastern Economic Bloc (p. 379)
• Western Economic Warfare (p. 381)
• The Collapse of the Communist System (p. 384)
• Forces of Change in the East (p. 384)
• Gorbachev's Economic and Political Reforms (p. 388)
• The Failure of Perestroika (p. 390)
• From Communism to Capitalism (p. 392)
• Problems of Transition from Communism (p. 392)
• Yeltsin: Crisis and Reform (p. 393)
• Russian Foreign Economic Policies under Yeltsin and the West's Response (p. 396)
• The Crisis of 1998 (p. 397)
• Domestic Economic Policies of the Putin Regime (p. 398)
• International Economic Relations in the Putin Era (p. 400)
• Economic Reform in Eastern Europe (p. 401)
• China (p. 405)
• Cold War and Isolation (p. 405)
• Deng Xiaoping's Economic Reforms (p. 408)
• China: Regional Power or Global Economic Superpower? (p. 415)
• Conclusion (p. 415)
• 11 Conclusion: Globalization and Governance (p. 427)
• The Evolution of International Economic Governance (p. 428)
• Challenges for Global Governance (p. 432)
• Characteristics of a New System of Governance (p. 435)
• Glossary (p. 441)
• Acronyms (p. 475)
• Index (p. 481)