International Political Economy: Perspectives on Global Power and Wealth / Edition 5

by Jeffry A. Frieden, David A. Lake, J. Lawrence Broz

Overview

International Political Economy: Perspectives on Global Power and Wealth provides a flexible set of readings that introduce students to the major ideas, arguments, and topics in the field. In this Fifth Edition, Professors Frieden, Lake, and Broz take full account of recent developments in IPE scholarship and in global economic events. The 32 readings include new articles on current issues, such as the response to the global financial crisis that began in 2008 and globalization and the environment, as well as seminal pieces that have shaped the field as it is understood today. Throughout, helpful introductions and headnotes provide context and highlight the significance of each reading.

Product Details

ISBN-13:	9780393935059
Publisher:	Norton, W. W. & Company, Inc.
Publication date:	11/10/2009
Edition description:	Fifth Edition
Pages:	608
Product dimensions:	6.10(w) x 9.20(h) x 0.80(d)

About the Author

Jeffry A. Frieden is the Stanfield Professor of International Peace at Harvard University. A specialist on the politics of international financial relations, he is also coauthor, with Menzie Chinn, of Lost Decades, a history of the 2008 financial crisis.

David A. Lake is the Jerri-Ann and Gary E. Jacobs Professor of Social Sciences and Distinguished Professor of Political Science at the University of California, San Diego (UCSD). He is, most recently, the author of Hierarchy in International Relations. His other books include Entangling Relations: American Foreign Policy in Its Century and Power, Protection and Free Trade: International Sources of U.S. Commercial Strategy, 1887–1939. In addition, he is co-editor of 10 volumes and author of over 80 articles and book chapters on international relations, international political economy, and American foreign policy. He is Associate Dean of Social Sciences and Director of the Yankelovich Center for Social Science Research at UCSD. In 2013, he received the UCSD’s Chancellor’s Associates Awards for Excellence in Research in Humanities and Social Sciences.

J. Lawrence Broz (Ph.D., University of California, Los Angeles) is professor of political science at the University of California, San Diego. He studies the institutions that regulate national and international monetary and financial relations: central banks, exchange rate regimes, and international financial institutions. He is the author of International Origins of the Federal Reserve System (1997) and a series of articles on the congressional politics of financing the International Monetary Fund.

Table of Contents

preface ix

About the Editors xi

Introduction: International Politics and International Economics 1

I Contending Perspectives on International Political Economy 21

1 State Power and the Structure of International Trade Stephen D. Krasner 23

2 The Political Economy of the Smoot-Hawley Tariff Barry Eichengreen 42

3 History Lessons: Institutions, Factor Endowments, and Paths of Development in the New World Kenneth L. Sokoloff Stanley L. Engerman 53

4 Globalization of the Economy Jeffrey A. Frankel 63

II Historical Perspectives 83

5 Free Trade: The Repeal of the Corn Laws Cheryl Schonhardt-Bailey 87

6 International Trade, Domestic Coalitions, and Liberty: Comparative Responses to the Crisis of 1873-1896 Peter Alexis Gourevitch 98

7 International Investment and Colonial Control: A New Interpretation Jeffry A. Frieden 119

8 British and American Hegemony Compared: Lessons for the Current Era of Decline David A. Lake 139

III Production 153

9 The Multinational Enterprise as an Economic Organization Richard E. Caves 157

10 Third World Governments and Multinational Corporations: Dynamics of Host's Bargaining Power Shah M. Tarzi 169

11 Competing for Capital: The Diffusion of Bilateral Investment Treaties Zachary Elkins Andrew T. Guzman Beth A. Simmons 180

12 Globalization and Policy Convergence Daniel W. Drezner 200

IV Money And Finance 217

13 The Domestic Politics of International Monetary Order: The Gold Standard J. Lawrence Broz 223

14 Hegemonic Stability Theories of the International Monetary System Barry Eichengreen 246

15 The Triad and the Unholy Trinity: Problems of International Monetary CooperationBenjamin J. Cohen 273

16 Globalization and Exchange Rate Policy Jeffry A. Frieden 286

17 Divided Opinion, Common Currency: The Political Economy of Public Support for EMU Matthew Gabel 297

18 Financial Globalization: Gain and Pain for Developing Countries Sergio L. Schmukler 314

V Trade 337

19 The Controversy over Free Trade: The Gap between Economists and the General Public Cletus C. Coughlin 341

20 Commerce and Coalitions: How Trade Affects Domestic Political Alignments Ronald Rogowski 365

21 The Political Economy of Trading States: Factor Specificity. Collective Action Problems, and Domestic Political Institutions James E. Alt Michael Gilligan 376

22 Are Your Wages Set in Beijing? Richard B. Freeman 393

23 What You Should Know about Globalization and the World Trade Organization Alan V. Deardorff Robert M. Stern 404

24 The Institutional Roots of American Trade Policy: Politics, Coalitions, and International Trade Michael Bailey Judith Goldstein Barry R. Weingast 422

VI Economies In Development 443

25 Globalization, Poverty, and Inequality since 1980 David Dollar 447

26 Root Causes: A Historical Approach to Assessing the Role of Institutions in Economic Development Daron Acemoglu 468

27 Globalization and Inequality, Past and Present Jeffrey G. Williamson 474

28 The Political Economy of Trade Policy Reform: Lessons from Developing Countries Razeen Sally 486

VII Current Problems in International Political Economy 505

29 Globalization and the Environment Jeffrey A. Frankel 507

30 A New Deal for Globalization Kenneth F. Scheve Matthew J. Slaughter 536

31 How to Save Globalization from Its Cheerleaders Dani Rodrik 546

32 The Quiet Coup Simon Johnson 567

Acknowledgments 583

Editorial Reviews

An anthology of readings for a first course in international political economy, international relations, and international economics. Of the 31 articles, 15 are new to the fourth edition; no dates are noted for earlier editions. The sections include contending perspectives, historical views, production, money and finance, and economies in development and transition. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Booknews