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Index
Cover
Half Title
Full Title
Copyright
Dedication
Contents
Preface
About the Authors
Part One An Overview
1 The Management of International Economic Relations since World War II
Part Two The Western System
2 International Money Management
The Original Bretton Woods Agreement
Unilateral U.S. Management
Multilateral Management under U.S. Leadership
Breakdown of Bretton Woods
Management Dilemmas in the Post-Bretton Woods Era
Europe's Efforts to Build a Regional Monetary System
U.S. Policy: Alternating between Unilateralism and Collective Management
Monetary Management in the 1990s
3 International Trade and Domestic Politics
The Havana Charter
Multilateral Management under U.S. Leadership
Structural Change and Protectionism
Pluralism
The New Protectionism
New Issues
The New Regionalism
The Tokyo Round
The Uruguay Round
The Uruguay Round Agreement
Conclusion
4 The Multinational Corporation and the Issue of Management
Common Characteristics of MNCs
Trends in FDI and Other MNC Activities
Explaining the Rapid Growth in MNC Activity
Internalization Theory
Product Cycle Theory
Obsolescing Bargain Theory
Oligopoly Theory
The Tariff-Jumping Hypothesis
The Importance of the Home Country
The Consequences of MNC Activity
MNCs in Canada and Europe
National Economic Control
Interference by Home Governments of Multinationals
Multinationals and the National Political Process
International Regimes for Foreign Direct Investment
National Management
Regional Management
International Management
Part Three The North-South System
5 The North-South System and the Possibility of Change
Liberal Theories of Economic Development
Marxist and Neo-Marxist Theories of Development
The Structuralists
Contrasting Marxist and Structuralist Perspectives
Weaknesses in the Three Perspectives
Development Strategies
6 International Financial Flows
Foreign Aid and the Postwar Order
The Link between Aid and Foreign Policy
Stagnation of Aid
Financial Flows in the 1970s: Politicization and Privatization
The Aid and Debt Crises of the 1980s
The Impact of Aid
The Onset of the Debt Crisis
Debt Crisis Management
Debt Fatigue
From Debt Crisis to Emerging Markets
The Impact of the Debt Crisis on Third World Strategy
The Future of Aid and Financial Flows
7 Trade and Development Strategies
Isolation from the Postwar Trading Order
From Import Substitution to Trade Expansion
Unity and Confrontation
Commodity Power and the New International Economic Order
The New Order for the 1980s
The New Pragmatism
Beyond the Uruguay Round
8 Multinational Corporations in the Third World
Power: The Local Economy
Power: Local Government
Efficiency, Growth, and Welfare
National Political Process
Management of Foreign Investment by Less-Developed Countries
The 1980s: The New Pragmatism
The Future: Cooperation or Conflict?
9 Oil, Commodity Cartels, and Power
The Dependency System of International Oil
The Process of Change: From Negotiation to Unilateral Power
OPEC Management
The Second Oil Crisis: A System Out of Control
OPEC in Decline: The World Oil Glut
Oil Price Warst
The Gulf War
The Future of OPEC
Other OPECs?
Bauxite, Bananas, and Copper
Part Four The End of the Cold War and Its Consequences for the World Economy
10 East-West Economic Relations during and after the Cold War
East-West Economic Relations in the Early Cold War Period
The Creation of an Eastern Economic Bloc
Forces of Change in the East
East-West Economic Relations: From the 1960s to the End of the Cold War
Gorbachev's Economic and Political Reforms
The Failure of Perestroika
Problems of Transition from Communism
Yeltsin: Crisis and Reform
Russian Foreign Economic Policies and the West's Response
Economic Reform in Eastern Europe
China
East-West Economic Relations since the End of the Cold War
Conclusion: Globalization and the New World Order
A New World Order?
A New World Order, or a Reformed World Order
Glossary
Acronyms
Selected Bibliography
Index
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