- Preface and Acknowledgements
- New to this Edition
- List of Figures
- List of Boxes
- List of Tables
- Abbreviations
- About the Contributors
- Guided Tour of Learning Features
- Guided Tour of the Online Resources
- Part I Theoretical Approaches to Global Political Economy
- 1. The Study of Global Political Economy
- 2. The Nineteenth-Century Roots of Theoretical Traditions in Global Political Economy
- 3. Cooperation and Conflict in the Global Political Economy
- 4. The Domestic Sources of Foreign Economic Policies
- Part II Global Trade and Production
- 5. The Evolution of the Global Trade Regime
- 6. Regional Trade Agreements
- 7. The Globalization of Production
- Part III Global Finance
- 8. The Evolution of the International Monetary and Financial System
- 9. Financial Openness and the Challenge of Global Governance
- Part IV Globalization and the State
- 10. The Logics of Economic Globalization
- 11. Globalization’s Impact on States
- Part V Development, Equality, and the Environment
- 12. Global Growth, Inequality, and Poverty
- 13. The Political Economy of Development
- 14. The Political Economy of the Environment
- Glossary
- References
- Index
(p. 197) Part III Global Finance
This chapter explores the international monetary and financial system, which plays a central role in the global political economy (GPE). Since the late nineteenth century, the nature of this system has undergone several pivotal transformations in response to changing political and economic conditions at both domestic and international levels. The first was the collapse of the integrated pre-1914 international monetary and financial regime during the interwar years. The second transformation took place after the Second World War, when the Bretton Woods order was put in place. Since the early 1970s, various features of the Bretton Woods order have unravelled with the globalization of finance, the collapse of the gold exchange standard, and the breakdown of the adjustable peg exchange rate regime. These changes have important political consequences for the key issue of who gets what, when, and how in the GPE.
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- Preface and Acknowledgements
- New to this Edition
- List of Figures
- List of Boxes
- List of Tables
- Abbreviations
- About the Contributors
- Guided Tour of Learning Features
- Guided Tour of the Online Resources
- Part I Theoretical Approaches to Global Political Economy
- 1. The Study of Global Political Economy
- 2. The Nineteenth-Century Roots of Theoretical Traditions in Global Political Economy
- 3. Cooperation and Conflict in the Global Political Economy
- 4. The Domestic Sources of Foreign Economic Policies
- Part II Global Trade and Production
- 5. The Evolution of the Global Trade Regime
- 6. Regional Trade Agreements
- 7. The Globalization of Production
- Part III Global Finance
- 8. The Evolution of the International Monetary and Financial System
- 9. Financial Openness and the Challenge of Global Governance
- Part IV Globalization and the State
- 10. The Logics of Economic Globalization
- 11. Globalization’s Impact on States
- Part V Development, Equality, and the Environment
- 12. Global Growth, Inequality, and Poverty
- 13. The Political Economy of Development
- 14. The Political Economy of the Environment
- Glossary
- References
- Index
