The Political Economy of the World Trading System is a comprehensive textbook account of the economics, institutional mechanics and politics of the world trading system. This third edition has been expanded and updated to cover developments in the World Trade Organisation (WTO) since its formation, including the Doha Round, presenting the essentials of trade negotiations and the WTO's rules and disciplines. The authors focus in particular on the WTO's role as the primary organisation through which trading nations manage their commercial interactions and the focal point for cooperation on policy responses to the rapidly changing global trading environment. It is the forum in which many features of the globalisation process are considered, and it currently faces an unprecedented set of challenges. The increasing importance of countries in Asia, Latin America and Africa in international trade relations, the revealed preference towards regionalism, intensification of trade conflicts, the role of business groups and NGOs in trade policy formation and negotiations, and pressures for more leadership in an institution threatened by paralysis are examples of issues that are discussed in some detail; all are critical for the operation of the system and for international business in the coming decade. This edition also includes numerous real-world examples to illustrate how the WTO impinges on business, workers and households, written from the perspective of managers and business associations. An insider's view of the institutional history of the WTO allows the authors to use a variety of conceptual tools to analyse the working of the WTO in a non-technical manner. Suggestions for Further Reading at the end of each chapter and an extensive bibliography make the volume suitable both for introductory and postgraduate courses on international economics and business, international relations, and international economic law.

This book addresses such core issues as global civil society, power and knowledge, the covert world, multilateralism, and civilizations and world order. It is essential reading for all students and academics in the field.

Offering an accessible introduction to both the historical roots and the contemporary dynamics of today's world economy, the extensively revised sixth edition of this bestselling textbook continues to lead the way in equipping students with the knowledge required to make sense of the fast-paced discipline of Global Political Economy. Illustrating the breadth of the subject, the book's authors – both highly regarded experts in the field – show how the national and international interact, while also placing an emphasis on the historical evolution of the world economy in order to appreciate the nuances of today's economic structures. The global economy is traced from the Industrial Revolution through each phase of a shifting world order to the modern day. Then follows an engaging exploration of the dynamics of today's economy, including: trade, production, finance, labour, gender, development, the environment, security and governance. This takes into account the latest developments in the global economy, from automation and the challenges posed to the labour force, to artificial intelligence and the increasing complex, global supply chains of modern transnational firms. This is the most authoritative and accessible textbook on global political economy, making it the ideal companion for students at undergraduate and postgraduate levels, on politics, international relations and related degrees. New to this Edition: - Extensively updated to feature the latest empirical developments, including rising economic nationalism, US trade wars with China, and populism. - Brand new boxed features illustrate the latest dynamics, including the impact of digital technologies, artificial intelligence and automation, and the growth and consequences of increasing inequality. - Greater coverage of the sustained threats to the liberal international order and likely future scenarios. Accompanying online resources for this title can be found at bloomsburyonlineresources.com/global-political-economy-6e. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.

The recent global financial crisis illustrates how fragile economic globalization is and how vulnerable all global citizens are to economic events outside their own country. Indeed, global economics is more important for national economic growth than domestic policies. Globalization and change interact and shape the economic environment for citizens and enterprises. These essays represent observations made over a ten-year period which attempt to analyze what is happening, why it happened and the impact on global and national economic growth. Readers may not find solutions or answers to all the perplexing events in the world, but they will gain a better understanding of how global politics and economics work, and in some cases, how they should but actually do not work.

This book focuses on the role of the state in economic development in a variety of Third World settings through an in-depth analysis of the past several decades. Berberoglu examines three major alternative development theories: developmentalism, dependency, and neo-Marxist. He then critically analyzes these theories and their variants to set the stage for a detailed examination of various development paths. Two paths of capitalist development are contrasted: the export-oriented neo-colonial model and the import-substituting state-capitalist model. The role of the state in each of these alternatives is discussed in the context of the balance of class forces. Berberoglu also provides case studies of Turkey, Tanzania, Peru, and India -- countries in which the state played a significant role in the development process. In each case, he demonstrates that the process of state-capitalist development inevitably leads to neo-colonialism. This export-oriented path ties Third World countries to centers of world capitalism, with all the consequent contradictions that such a linkage entails. The book outlines the class nature of these contradictions on a global scale and maps out the balance of class forces and struggles, the role of the state, and the resultant revolutionary developments that are part of the process of social change and transformation now under way in many Third World countries. Also included is an appendix highlighting the need for a class-centered approach in development studies.

The study of European integration produced much scholarly debate in the 1950s and '60s. The following two decades saw few works on European integration that included more elaborate discussions of theory and methodology; most studies in that period were fairly descriptive. In recent years there has been renewed theoretical interest in European integration. This book, however, is one of the first to discuss and apply various political-economy approaches explicitly to integration, including classical integration theory and modern public choice theories. Areas covered include common policies and decision making, as well as the external relations of the EU. The influence of the European Parliament, the concept of subsidiarity, trade policy, Economic and Monetary Union, reform of the Common Agricultural Policy, relations with EFTA and Eastern European countries, as well as enlargement, are all discussed. Audience: Of interest to both scholars and policy makers concerned with these issues.

This book examines the effect of post-Soviet transitions on current problem solving trends with regards to world capitalism. The fall of Soviet communism left liberal capitalism as the dominant blueprint from which to construct economic development policies. Using Central Europe as an example it is shown that the application of the Western liberal-capitalist model has not been without its difficulties. This book endeavours to place the changes to the global political economy, since 1989, in a theoretical and historical context.

The Political Economy of Regionalism: The Case of Southern Africa challenges prevailing wisdom, showing how ruling political elites and 'big business' join forces with certain external actors in order to promote market integration and economic globalization, boost regimes, and to satisfy group-specific and even personal interests. Only rarely do these forms of regionalism contribute to the poor and disadvantaged, who instead opt out, and survive through informal economic regionalisms or seek to create regionalisms rooted in civil society.

This new volume presents innovative approaches to the fundamental issues of the global political economy, in particular post Cold War development, analyses of capital and negative aspects of globalization.