While other studies of international leadership have looked at a variety of measures to predict behavior, this book demonstrates that the key factor is international finance. J. Samuel Barkin uses an innovative blend of rationalist and constructivist methodologies, approaches to international political economy that normally exist in isolation from one another. Barkin argues that the level of a country's involvement in international finance specifically motivates it to lead. This is particularly relevant today, given the on-going discussions on how to respond to local and global financial crises. Barkin illustrates his theory with an episodic history of international monetary leadership over the last four centuries: Dutch leadership in the seventeenth century; British leadership in the nineteenth; the failure of leadership in the interwar era and Great Depression; and the role of the U.S. in the construction of an international economic infrastructure since World War II.

This unique volume provides a new interpretation and synthesis of network exchange theory in an effort to contribute to a neo-Weberian economic sociology. Arguing against commonly held assumptions about network exchange theory and its interpretation of all social actions as economic exchanges, Zafirovski seeks to explain these processes by employing an interdisciplinary approach and by examining the impact of social and institutional structures on market-economic exchange. The author argues that economic structure, processes, and actions are the outcomes of social action and institutions, not the other way around. This rehabilitation of economic sociology begins with a reconsideration of the character, scope, and development of the field. The author then grounds his sociological approach to economic exchange in social action and structure before examining the role of social motivations in economic exchange. He then examines the political structuration, the cultural constitution, and the social construction of economic exchange and exchange cycles. The book concludes with a discussion of the character and variation of economic exchange in comparative social systems and the relationships of exchange, economic development, and social variables. This unique and persuasive book is an important contribution to the study of economic sociology and sociological theory.

Debating the Global Financial Architecture opens up the contemporary debate surrounding the reform of the "global financial architecture." Economists and political scientists explore the economic and technical content of alternative global financial regimes as well as the political processes through which such changes are negotiated. The contributors, though diverse, jointly fear that rapid removal of the remaining controls on private international financial transactions risks systematic crisis. By initiating a cross-disciplinary discussion, they hope to see the politics of global financial design examined more honestly, yet without discarding or devaluing a solid economic analysis of global money and investment flows.

Examines the domestic constraints negotiators operate under when nations seek to cooperate.

Challenges conventional assumptions about how international rivals form trusting relationships.

This book examines the politics of water scarcity in the Middle East's Jordan River Basin (Syria, Lebanon, Jordan, Israel, and the Palestinian Authority) between 1920 and 2006. Jeffrey K. Sosland demonstrates that while water scarcity might generate political tension, it does not by itself precipitate war, nor is it likely to do so. At the same time, efforts to promote water cooperation, such as those initiated by the United States, have an identifiable political benefit by creating rules, building confidence, and reducing tensions among adversaries. Sosland concludes that while this alone might not resolve the overall conflict, it does create positive long-term value in achieving peace.

Examines the possibilities of global governance in the wake of the challenges of globalization.

How can conflicts between various nationalist/ethnic groups be reduced? Combining theory with case studies of Spain and Ireland, Neal G. Jesse and Kristen P. Williams develop an argument favoring a solution that links resolving issues of identity and perceptions of inequality to the establishment of cross-national, democratic institutions. These institutions can affect deeply held attitudes by promoting overlapping identities and pooling sovereignty. Overlapping identities reduce tension by creating an atmosphere where different ethnic groups lose their strict definitions of Self and Other. Pooling sovereignty across a number of international (and national) representative bodies leads to increased access to governmental policymaking for all parties involved, with each nationalist/ethnic group having a stake in government. Increased access, moreover, reduces threat perceptions and ethnic security dilemmas, and increases trust—all of which play an important role in overcoming such conflicts.

How is finance related to economic processes, and why should it be viewed as a public good requiring policy action? This book provides an answer. The book develops a practical framework for safeguarding financial stability, which encompasses both prevention and resolution of problems. It also examines on-going and future challenges to financial stability posed by globalization, a growing reliance on derivatives and their markets, and the capital market activities of insurers and reinsurers.

While the trend toward greater transparency will bring many benefits, Kristin M. Lord argues that predictions that it will lead inevitably to peace, understanding, and democracy are wrong. The conventional view is of authoritarian governments losing control over information thanks to technology, the media, and international organizations, but there is a darker side, one in which some of the same forces spread hatred, conflict, and lies. In this book, Lord discusses the complex implications of growing transparency, paying particular attention to the circumstances under which transparency's effects are negative. Case studies of the 1994 genocide in Rwanda and the government of Singapore's successful control of information are included.