The Fight for Wealth and Power : A Review of International Political Economy at Forty Part 3

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概要

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• America emerged as the leader of the World War II Western Allies, and the postwar international political economy is largely an American story. Fearing an expected postwar downturn, U.S. leaders began pondering the postwar international economic structure. The principal issues they wanted to address were, first, provision of adequate capital to avoid the kind of financial collapses that sparked the Great Depression, and second, a creation of mechanisms to expand and make permanent an open trading system on a global scale. Where the post-war Bretton Woods system promoted stability, the hodgepodge that replaced it places difficult strains on governments and societies. Cohen calls the essential choice an unholy trinity of mutually exclusive goals: stable exchange rates, mobile capital, and autonomous monetary policy. The post-World War II international trade system was made possible largely because the U.S aggressively promoted it. This trading system made possible the strong growth of the global economy, a division of labor globally, and the tight economic network among North America, Western Europe, East Asia, and Latin America. The creation of a global finance and trading system has made possible the globalization of the world economy since the 1980s.

著者

• Campbell Joel

  関西外国語大学外国語学部

関連論文

• The Complexity of Success : A Review of Korean Political Economy Literature
• The Fight for Wealth and Power : A Review of International Political Economy at Forty Part 3
• The Fight for Wealth and Power : A Review of International Political Economy at Forty, Part 2

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