Download or read book American Empire and the Political Economy of Global Finance written by L. Panitch and published by Springer. This book was released on 2008-07-24 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a lively critique of how international and comparative political economy misjudge the relationship between global markets and states, this book demonstrates the central place of the American state in today's world of globalized finance. The contributors set aside traditional emphases on military intervention, looking instead to economics.

Download or read book The Making of Global Capitalism written by Leo Panitch and published by Verso Books. This book was released on 2013-10-08 with total page 605 pages. Available in PDF, EPUB and Kindle. Book excerpt: The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren't straightforwardly opposing forces. In this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state. The Making of Global Capitalism identifies the centrality of the social conflicts that occur within states rather than between them. These emerging fault lines hold out the possibility of new political movements that might transcend global markets.

Download or read book An Empire of Indifference written by Randy Martin and published by Duke University Press. This book was released on 2007-03-14 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this significant Marxist critique of contemporary American imperialism, the cultural theorist Randy Martin argues that a finance-based logic of risk control has come to dominate Americans’ everyday lives as well as U.S. foreign and domestic policy. Risk management—the ability to adjust for risk and to leverage it for financial gain—is the key to personal finance as well as the defining element of the massive global market in financial derivatives. The United States wages its amorphous war on terror by leveraging particular interventions (such as Iraq) to much larger ends (winning the war on terror) and by deploying small numbers of troops and targeted weaponry to achieve broad effects. Both in global financial markets and on far-flung battlegrounds, the multiplier effects are difficult to foresee or control. Drawing on theorists including Michel Foucault, Giorgio Agamben, Michael Hardt, Antonio Negri, and Achille Mbembe, Martin illuminates a frightening financial logic that must be understood in order to be countered. Martin maintains that finance divides the world between those able to avail themselves of wealth opportunities through risk taking (investors) and those who cannot do so, who are considered “at risk.” He contends that modern-day American imperialism differs from previous models of imperialism, in which the occupiers engaged with the occupied to “civilize” them, siphon off wealth, or both. American imperialism, by contrast, is an empire of indifference: a massive flight from engagement. The United States urges an embrace of risk and self-management on the occupied and then ignores or dispossesses those who cannot make the grade.

Download or read book The Development of American Finance written by Martijn Konings and published by Cambridge University Press. This book was released on 2011-09-30 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1960s, scholars and other commentators have frequently announced the imminent decline of American financial power: excessive speculation and debt are believed to have undermined the long-term basis of a stable US-led financial order. But the American financial system has repeatedly shown itself to be more resilient than such assessments suggest. This book argues that there is considerable coherence to American finance: far from being a house of cards, it is a proper edifice, built on institutional foundations with points of both strength and weakness. The book examines these foundations through a historical account of their construction: it shows how institutional transformations in the late nineteenth century created a distinctive infrastructure of financial relations and proceeds to trace the contradiction-ridden expansion of this system during the twentieth century as well as its institutional consolidation during the neoliberal era. It concludes with a discussion of the forces of instability that hit at the start of the twenty-first century.

Download or read book The Political Economy of the Special Relationship written by Jeremy Green and published by Princeton University Press. This book was released on 2020-07-28 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: How America's global financial power was created and shaped through its special relationship with Britain The rise of global finance in the latter half of the twentieth century has long been understood as one chapter in a larger story about the postwar growth of the United States. The Political Economy of the Special Relationship challenges this popular narrative. Revealing the Anglo-American origins of financial globalization, Jeremy Green sheds new light on Britain’s hugely significant, but often overlooked, role in remaking international capitalism alongside America. Drawing from new archival research, Green questions the conventional view of international economic history as a series of cyclical transitions among hegemonic powers. Instead, he explores the longstanding interactive role of private and public financial institutions in Britain and the United States—most notably the close links between their financial markets, central banks, and monetary and fiscal policies. He shows that America’s unparalleled post-WWII financial power was facilitated, and in important ways constrained, by British capitalism, as the United States often had to work with and through British politicians, officials, and bankers to achieve its vision of a liberal economic order. Transatlantic integration and competition spurred the rise of the financial sector, an increased reliance on debt, a global easing of regulation, the ascendance of monetarism, and the transition to neoliberalism. From the gold standard to the recent global financial crisis and beyond, The Political Economy of the Special Relationship recasts the history of global finance through the prism of Anglo-American development.

Download or read book States and the Reemergence of Global Finance written by Eric Helleiner and published by Cornell University Press. This book was released on 2015-05-26 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most accounts explain the postwar globalization of financial markets as a product of unstoppable technological and market forces. Drawing on extensive historical research, Eric Helleiner provides the first comprehensive political history of the phenomenon, one that details and explains the central role played by states in permitting and encouraging financial globalization. Helleiner begins by highlighting the commitment of advanced industrial states to a restrictive international financial order at the 1944 Bretton Woods conference and during the early postwar years. He then explains the growing political support for the globalization of financial markets after the late 1950s by analyzing five sets of episodes: the creation of the Euromarket in the 1960s, the rejection in the early 1970s of proposals to reregulate global financial markets, four aborted initiatives in the late 1970s and early 1980s to implement effective controls on financial movements, the extensive liberalization of capital controls in the 1980s, and the containment of international financial crises at three critical junctures in the 1970s and 1980s. He shows that these developments resulted from various factors, including the unique hegemonic interests of the United States and Britain in finance, a competitive deregulation dynamic, ideological shifts, and the construction of a crisis-prevention regime among leading central bankers. In his conclusion Helleiner addresses the question of why states have increasingly embraced an open, liberal international financial order in an era of considerable trade protectionism.

Download or read book The UN and Global Political Economy written by John Toye and published by Indiana University Press. This book was released on 2004-07-09 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of a 20-year revolt against free trade orthodoxy by economists inside the UN and their impact on policy discussions since the 1960s, the authors show how the UN both nurtured and inhibited creative and novel intellectual contributions to the trade and development debate. Presenting a stirring account of the main UN actors in this debate, The UN and Global Political Economy focuses on the accomplishments and struggles of UN economists and the role played by such UN agencies as the Department of Economic (and Social) Affairs, the United Nations Commission on Trade and Development, and the Economic Commission for Latin America (and the Caribbean). It also looks closely at the effects of the Latin American debt crisis of the 1980s, the growing strength of the World Trade Organization (WTO) in the 1990s, and the lessons to be drawn from these and other recent developments.

Download or read book Development Centre Studies The Making of Global Finance 1880 1913 written by Flandreau Marc and published by OECD Publishing. This book was released on 2009-10-30 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development.

Download or read book American Empire written by A. G. Hopkins and published by Princeton University Press. This book was released on 2019-08-27 with total page 1002 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Compelling, provocative, and learned. This book is a stunning and sophisticated reevaluation of the American empire. Hopkins tells an old story in a truly new way--American history will never be the same again."--Jeremi Suri, author of The Impossible Presidency: The Rise and Fall of America's Highest Office.Office.

Download or read book The Death of American Empire written by Reginald Muata Ashby and published by . This book was released on 2006-01 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work is a collection of essays relating to social and economic, leadership, and ethics, ecological and religious issues that are facing the world today in order to understand the course of history that has led humanity to its present condition and then arrive at positive solutions that will lead to better outcomes for all humanity. It surveys the development and decline of major empires throughout history and focuses on the creation of American Empire along with the social, political and economic policies that led to the prominence of the United States of America as a Superpower including the rise of the political control of the neo-con political philosophy including militarism and the military industrial complex in American politics and the rise of the religious right into and American Theocracy movement. This volume details, through historical and current events, the psychology behind the dominance of western culture in world politics through the "Superpower Syndrome Mandatory Conflict Complex" that drives the Superpower culture to establish itself above all others and then act hubristically to dominate world culture through legitimate influences as well as coercion, media censorship and misinformation leading to international hegemony and world conflict. This volume also details the financial policies that gave rise to American prominence in the global economy, especially after World War II, and promoted American preeminence over the world economy through Globalization as well as the environmental policies, including the oil economy, that are promoting degradation of the world ecology and contribute to the decline of America as an Empire culture. This volume finally explores the factors pointing to the decline of the American Empire economy and imperial power and what to expect in the aftermath of American prominence and how to survive the decline while at the same time promoting policies and social-economic-religious-political changes that are needed in order to promote the emergence of a beneficial and sustainable culture.

Download or read book New Perspectives on the History of Political Economy written by Robert Fredona and published by Springer. This book was released on 2018-03-05 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers a snapshot of the resurgent historiography of political economy in the wake of the ongoing global financial crisis, and suggests fruitful new agendas for research on the political-economic nexus as it has developed in the Western world since the end of the Middle Ages. New Perspectives on the History of Political Economy brings together a select group of young and established scholars from a wide variety of disciplinary backgrounds—history, economics, law, and political science—in an effort to begin a re-conceptualization of the origins and history of political economy through a variety of still largely distinct but complementary historical approaches—legal and intellectual, literary and philosophical, political and economic—and from a variety of related perspectives: debt and state finance, tariffs and tax policy, the encouragement and discouragement of trade, merchant communities and companies, smuggling and illicit trades, mercantile and colonial systems, economic cultures, and the history of economic doctrines more narrowly construed. The first decade of the twenty-first century, bookended by 9/11 and a global financial crisis, witnessed the clamorous and urgent return of both 'the political' and 'the economic' to historiographical debates. It is becoming more important than ever to rethink the historical role of politics (and, indeed, of government) in business, economic production, distribution, and exchange. The artefacts of pre-modern and modern political economy, from the fourteenth through the twentieth centuries, remain monuments of perennial importance for understanding how human beings grappled with and overcame material hardship, organized their political and economic communities, won great wealth and lost it, conquered and were conquered. The present volume, assembling some of the brightest lights in the field, eloquently testifies to the rich and powerful lessons to be had from such a historical understanding of political economy and of power in an economic age.

Download or read book The Making of a Market written by Juliette Levy and published by Penn State Press. This book was released on 2012-01-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the nineteenth century, Yucat&án moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucat&án and its economy grew in response to increasing demand from the United States for henequen, the local cordage fiber. This henequen boom has often been seen as another regional and historical example of overdependence on foreign markets and extortionary local elites. In The Making of a Market, Juliette Levy argues instead that local social and economic dynamics are the root of the region&’s development. She shows how credit markets contributed to the boom before banks (and bank crises) existed and how people borrowed before the creation of institutions designed specifically to lend. As the intermediaries in this lending process, notaries became unwitting catalysts of Yucat&án&’s capitalist transformation. By focusing attention on the notaries&’ role in structuring the mortgage market rather than on formal institutions such as banks, this study challenges the easy compartmentalization of local and global relationships and of economic and social relationships.

Download or read book American Empire written by Andrew J. BACEVICH and published by Harvard University Press. This book was released on 2009-06-30 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a challenging, provocative book, Andrew Bacevich reconsiders the assumptions and purposes governing the exercise of American global power. Examining the presidencies of George H. W. Bush and Bill Clinton--as well as George W. Bush's first year in office--he demolishes the view that the United States has failed to devise a replacement for containment as a basis for foreign policy. He finds instead that successive post-Cold War administrations have adhered to a well-defined "strategy of openness." Motivated by the imperative of economic expansionism, that strategy aims to foster an open and integrated international order, thereby perpetuating the undisputed primacy of the world's sole remaining superpower. Moreover, openness is not a new strategy, but has been an abiding preoccupation of policymakers as far back as Woodrow Wilson. Although based on expectations that eliminating barriers to the movement of trade, capital, and ideas nurtures not only affluence but also democracy, the aggressive pursuit of openness has met considerable resistance. To overcome that resistance, U.S. policymakers have with increasing frequency resorted to force, and military power has emerged as never before as the preferred instrument of American statecraft, resulting in the progressive militarization of U.S. foreign policy. Neither indictment nor celebration, American Empire sees the drive for openness for what it is--a breathtakingly ambitious project aimed at erecting a global imperium. Large questions remain about that project's feasibility and about the human, financial, and moral costs that it will entail. By penetrating the illusions obscuring the reality of U.S. policy, this book marks an essential first step toward finding the answers. Table of Contents: Preface Introduction 1. The Myth of the Reluctant Superpower 2. Globalization and Its Conceits 3. Policy by Default 4. Strategy of Openness 5. Full Spectrum Dominance 6. Gunboats and Gurkhas 7. Rise of the Proconsuls 8. Different Drummers, Same Drum 9. War for the Imperium Notes Acknowledgments Index Reviews of this book: [A] straightforward "critical interpretation of American statecraft in the 1990s"...he is straightforward, too, in establishing where he stands on the political spectrum about US foreign policy...Bacevich insists that there are no differences in the key assumptions governing the foreign policy of the administrations of Bush I, Clinton, and Bush II--and this will certainly be the subject of passionate debate...Bacevich's argument persuades...by means of engaging prose as well as the compelling and relentless accumulation of detail...Bring[s] badly needed [perspective] to troubled times. --James A. Miller, Boston Globe Reviews of this book: For everyone there's Andrew Bacevich's American Empire, an intelligent, elegantly written, highly convincing polemic that demonstrates how the motor of US foreign policy since independence has been the need to guarantee economic growth. --Dominick Donald, The Guardian Reviews of this book: Andrew Bacevich's remarkably clear, cool-headed, and enlightening book is an expression of the United States' unadmitted imperial primacy. It's as bracing as a plunge into a clear mountain lake after exposure to the soporific internationalist conventional wisdom...Bacevich performs an invaluable service by restoring missing historical context and perspective to today's shallow, hand-wringing discussion of Sept. 11...Bacevich's brave, intelligent book restores our vocabulary to debate anew the United States' purpose in the world. --Richard J. Whalen, Across the Board Reviews of this book: To say that Andrew Bacevich's American Empire is a truly realistic work of realism is therefore to declare it not only a very good book, but also a pretty rare one. The author, a distinguished former soldier, combines a tough-minded approach to the uses of military force with a grasp of American history that is both extremely knowledgeable and exceptionally clear-sighted. This book is indispensable for anyone who wants to understand the background to U.S. world hegemony at the start of the 21st century; and it is also a most valuable warning about the dangers into which the pursuit and maintenance of this hegemony may lead America. --Anatol Levin, Washington Monthly Reviews of this book: American Empire is an immensely thoughtful book. Its reflections go beyond the narrow realm of U.S. security policy and demonstrate a deep understanding of American history and culture. --David Hastings Dunn, Political Studies Review I have long suspected our nation's triumphs and trials owed much to the American genius for solipsism and self-deception. Bacevich has convinced me of it by holding up a mirror to self-styled idealists and realists alike. Read all the books you want about the post-Cold War, post-9/11 world, just be sure American Empire is one of them. --Walter A. McDougall, Pulitzer Prize-winning historian, University of Pennsylvania This deeply informed, impressive polemical book is precisely what Americans, in and outside of the academy, needed before 9/11 and need now even more. Crisp, lively, biting prose will help them enjoy it. Among its many themes are hubris, hegemony, and the fatuousness of claims by the American military that they can now achieve 'transparency' in war-making. --Michael S. Sherry, Northwestern University The United States could not possibly have an empire, Americans think. But we do. And with verve and telling insight Andrew Bacevich shows how it works and what it means. --Ronald Steel, author of Temptations of a Superpower: America's Foreign Policy after the Cold War

Download or read book Global Fracture written by Michael Hudson and published by Pluto Press. This book was released on 2005-04-20 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hudson is one of the tiny handful of economic thinkers in today's world who are forcing us to look at old questions in startling new ways. Alvin Toffler, best-selling author of Future Shock and The Third WaveThis new and updated edition of Michael Hudson's classic political economy text explores how and why the US came to achieve world economic hegemony.Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American economic strategy during a key period in world history. In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating a New International Economic Order (NIEO). This aimed to improve the terms of trade for raw materials and build up agicultural and industrial self-sufficiency. Global Fracture shows how the US undermined this progressive initiative and instead pushed for financial dominance over the rest of the world. Today, the NIEO is a forgotten interlude, its optimism replaced by the financial austerity imposed by the IMF and the World Bank.Exploring how America achieved its economic aims, and tracing the implications this has had through subsequent decades, Michael Hudson covers various topics including trade embargoes, changing US attitudes to foreign aid, the rise of protectionism, government regulation of international investments, the impact on specific industries including the oil industry, the implications of the new economic order and the future of war.

Download or read book The Secret History of the American Empire written by John Perkins and published by Penguin. This book was released on 2007 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this riveting memoir, bestselling author Perkins details his former role as an economic hit man. This stunning, behind-the-scenes expos reveals a conspiracy of corruption that has fueled instability and anti-Americanism around the globe.

Download or read book Building the Empire State written by Brian Phillips Murphy and published by University of Pennsylvania Press. This book was released on 2015-06-04 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on the state of New York, home to the first American banks, utilities, canals, and transportation infrastructure projects, Building the Empire State examines the origins of American capitalism by tracing how and why business corporations were first introduced into the economy of the early republic.

Download or read book Empire Or Republic written by James F. Petras and published by Psychology Press. This book was released on 1995 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1995. Routledge is an imprint of Taylor & Francis, an informa company.