Download e-book for kindle: American Empire and the Political Economy of Global Finance by Leo Panitch, Martijn Konings

By Leo Panitch, Martijn Konings

ISBN-10: 0230551262

ISBN-13: 9780230551268

In a full of life critique of the way overseas and comparative political economic system misjudge the connection among worldwide markets and states, this booklet demonstrates the valuable position of the yank country in modern day global of globalized finance. The participants put aside conventional emphases on army intervention, taking a look in its place to economics.

Show description

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

Similar economic policy & development books

Policy Initiatives Towards the Third Sector in International - download pdf or read online

During the last decade, the 3rd quarter has had great progress around the globe in either dimension and value. As many nations fight to handle this altering truth, many have followed coverage projects aimed toward altering the methods the 3rd area is addressed. it's a complicated approach, regarding varied fields of perform, diverse degrees of presidency, and types of 3rd quarter businesses.

Investing in Innovation: Creating a Research and Innovation by Lewis M. Branscomb, James H. Keller PDF

"Technology infrastructure has develop into the root for the 'engine of fiscal development' for nations all over the world. This research on technological know-how and know-how coverage can be a warning call for the us, the place we now have taken technological superiority without any consideration for a lot too lengthy. " -- Mary reliable, Former lower than Secretary of trade for know-how almost immediately after taking workplace in 1993, President invoice Clinton and Vice President Al Gore known as for a shift in American expertise coverage towards a ramification of public investments in partnerships with inner most undefined, sponsored up by means of clinical examine in universities and nationwide laboratories.

Should Rich Nations Help the Poor? - download pdf or read online

Long ago decade, the built international has spent nearly US$ 2 trillion on international reduction for poorer nations. but 1. 2 billion humans nonetheless reside in severe poverty and round 2. nine billion can't meet their easy human wishes. yet should still wealthy international locations proceed to assist the negative? during this brief publication, top worldwide poverty analyst David Hulme explains why assisting the world’s neediest groups is either the proper factor to do and the clever factor to do Ð if wealthy international locations are looking to look after their very own voters’ destiny welfare.

New PDF release: Strategies for structural adjustment : the experience of

Papers awarded at a seminar held in Kuala Lumpur, Malaysia, June 28-July 1, 1989

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

Example text

Volcker was himself no more than a ‘pragmatic monetarist’ (having first worked in the New York Fed and the US Treasury under Kennedy and Nixon trying to patch up the holes in the Bretton Woods system). What the Volcker shock entailed in policy terms, as he admitted, was not ‘very fancy or very precise’ (1990: 5). For all the pseudoscientific econometrics that provided ideological cover for the operation, it simply involved limiting the growth in the money supply and allowing interest rates to rise to whatever level – and at whatever short-term economic cost – was necessary to break the back of inflation and the strength of labour.

To be sure, even the New York bankers were pragmatic enough to see that most countries – with the key exception of the US – would continue to require capital controls after the war. But they never relinquished their view that such controls should be only temporary. 6 So while the Bretton Woods Agreement recognized that states could operate capital controls, what was more significant was the US state’s own refusal to use such controls, and the expectation in both Washington and New York that other states would use them only for a transitional period of reconstruction.

5 The editors of Fortune,Time and Life magazines, in a joint statement in 1942, called for a ‘new American imperialism’ whose goal would be ‘to promote and foster private enterprise, by removing the barriers to its natural expansion’, through the creation of ‘an expansionist context in which tariffs, subsidies, monopolies, restrictive labour rule . . and all other barriers to further expansion can be removed’. This vision was strikingly similar to what would later be called neoliberalism, in which ‘universal free trade’ was seen as ‘the ultimate goal of a rational world’ (Fortune Magazine 1942: 59–63).

Download PDF sample

American Empire and the Political Economy of Global Finance by Leo Panitch, Martijn Konings

by Anthony

Rated 4.84 of 5 – based on 9 votes

About the Author