By Leo Panitch, Martijn Konings (eds.)

ISBN-10: 0230227678

ISBN-13: 9780230227675

ISBN-10: 0230236081

ISBN-13: 9780230236080

In a full of life critique of the way foreign and comparative political economic system misjudge the connection among international markets and states, this booklet demonstrates the principal position of the yankee nation in cutting-edge international of globalized finance. The members put aside conventional emphases on army intervention, having a look as a substitute to economics.

Show description

Read or Download American Empire and the Political Economy of Global Finance PDF

Similar economic policy & development books

Download e-book for kindle: The process of economic development by James M. Cypher

It is a textbook with a narrative to inform. Discussing improvement from the colonial period to the current in Latin the USA, Asia and Africa, authors Cypher and Dietz surround a mix of classical improvement principles and present thought, aiding scholars achieve a balanced photo now not at the moment on hand in different textbooks.

Nigel Healey's Britain's Economic Miracle: Myth or Reality? PDF

Fresh years have witnessed radical adjustments in British monetary coverage. in spite of the fact that, the recession of the early nineties has solid doubts approximately no matter if those have been winning. The a lot heralded monetary miracle is now a lot tarnished. This ebook bargains a well timed and finished non-technical all through it analyses the foundation of coverage making in addition to discussing its effect on fiscal functionality.

Download PDF by Shiri M. Breznitz: The Fountain of Knowledge: The Role of Universities in

This present day, universities world wide locate themselves going past the conventional roles of analysis and instructing to force the improvement of neighborhood economies via collaborations with undefined. At a time while areas with universities are looking for most sensible practices between their friends, Shiri M. Breznitz argues opposed to the inspiration that one university's winning know-how move version could be simply transported to a different.

Additional info for American Empire and the Political Economy of Global Finance

Sample text

Notably, once the government entered directly into the Chrysler bankruptcy proceedings in 1980, Congress insisted that Paul Volcker sit on the public board responsible for the negotiations with the company, its creditors and suppliers, and the union; and Volcker was indeed finally responsible for securing from the UAW, the highest-profile union in the US, the conditionality (wage cuts and outsourcing) attached to the loan that Chrysler was granted. Meanwhile, outside the purview of the Fed but by no means unrelated to its objective, was President Reagan’s smashing of the air traffic controllers’ strike in 1981.

Looking back to his appointment as Chairman of the Federal Reserve at the end of the 1970s, Paul Volcker recalled ‘all the hesitations and false starts, the uncertainty and questions’ after a decade in which ‘theorizing and empirical analysis about stable and predictable relationship[s] . . seemed to break down in the United States and other countries’ (Volcker 1990: 5). 3. 14 This triumph was political, not technical. Like the first panic over the value of the dollar that marked the transition between the Eisenhower and Kennedy administrations in 1960, the Volcker Finance and American Empire 31 shock also spanned the transition between Carter and Reagan, two presidents of otherwise very different temperaments.

E. 7 The use of ‘offsetting financing’ – which would become the primary means of coping with capital flight in the neoliberal era – had been discussed at Bretton Woods but was formally rejected there in favour of capital controls. 8 The Bretton Woods rules and international institutions like the IMF did allow more flexibility in national adjustments to international imbalances. But what was really crucial was the way the American state’s acceptance of what it always saw as temporary and transitional barriers to selected US exports and investments abroad, helped to incorporate the Western European (and Japanese) states into the new imperial order.

Download PDF sample

American Empire and the Political Economy of Global Finance by Leo Panitch, Martijn Konings (eds.)


by Jeff
4.3

Rated 4.01 of 5 – based on 7 votes