This timely book will explain, via a number of thematic and case studies, that international economics is not an independent terrain of economic activity reproducing itself throughout history, but a complex articulation of social, political and culturally determined actions that are inextricably linked.

Table of Contents

• List of illustrations
• List of contributors
• Foreword
• Acknowledgments
• List of abbreviations
• ESSAYS
• Global political economy and the separation of academic disciplines - Kees van der Pijl
• Revisiting Bretton Woods, 1944-71 - Alex O. Tackie
• The failure of neo-liberal financialization (1971-91) - Vassilis K. Fouskas and Bülent Gökay
• Shock therapy and the political economy of the former Soviet space - Sabine Spangenberg
• Revisiting the 1992-93 EMS crisis in the context of international political economy - Dimitris P. Sotiropoulos
• Asia catches cold, Russia sneezes: the political economy of emerging market crises in 1997-98 - Michael F. Keating
• The rise of the qi ye i tuan and the emergence of Chinese hegemony - Jayantha Jayman
• The global South: from dependency to convergence? - Ray Kiely
• The policy response to the great recession of 2008: is it the 1930s all over again? - Yiannis Kitromilides
• Understanding the global financial crisis - Bülent Gökay
• The political economy of the Arab uprisings - Shampa Roy-Mukherjee
• The politics and economics of the Greek debt crisis - CONSTANTINE DIMOULAS AND VASSILIS K. FOUSKAS
• Glossary of key concepts in international political economy
• Absolute advantage
• Association of Southeast Asian Nations (ASEAN)
• Balance of payments
• Bank for International Settlements (BIS)
• Bretton Woods system
• Capital gain and capital gains tax
• Capital markets (primary and secondary)
• Carry trade
• Cartel
• Central bank
• Collateralized debt obligation (CDO) and credit default swap (CDS)
• Common Agricultural Policy (CAP)
• Comparative advantage
• Conditionality
• Credit default swap (CDS)
• Credit rating agencies
• Currencies (hard/reserve and soft)
• Customs union
• Debt crisis
• Deficit
• Depression
• Derivative (financial)
• Devaluation
• Dollarization
• Dumping (and anti-dumping)
• Economic interdependence
• Economic sanctions
• Euro-communism
• Eurocurrencies
• European Central Bank (ECB)
• European Union (EU)
• Exchange rates (fixed and floating)
• Export-oriented industrialization (EOI)
• Export processing zone (EPZ)
• Export subsidy
• Fair trade
• Financialization/globalization and financial crisis
• Foreign direct investment (FDI)
• Founder's profit (or promotional profit)
• Free trade/free trade agreement (FTA)
• General Agreement on Tariffs and Trade (GATT)
• Global division of labour
• Global fault-lines
• Globalization
• Global production networks (GPNs)
• Gold Standard
• Gramsci, Antonio (1891-1937), Euro-communism and hegemony
• Heavily Indebted Poor Countries (HIPC) initiative
• Hyperinflation
• Imperialism
• Import-substitution industrialization (ISI)
• Inflation and hyperinflation
• Intellectual property rights
• International commodity agreement (ICA)
• International Monetary Fund (IMF)
• International Swaps and Derivatives Association (ISDA)
• London Interbank Offered Rate (LIBOR)
• Monopoly
• Most favoured nation (MFN) status
• Multinational corporation (MNC)
• Neo-liberalism
• New International Economic Order (NIEO)
• Newly industrialized countries (NICs)
• Petro-dollar recycling
• Post-Keynesianism
• Post-Marxism
• Promotional profit
• Purchasing power parity (PPP)
• Quota
• Recession
• Reserve currency (world money)
• Special Drawing Rights (SDRs)
• Stability and Growth Pact (SGP)
• Stagflation
• Tobin Tax
• Trade barriers (tariff and non-tariff barriers)
• Washington Consensus
• World Bank Group (WBG)
• World Trade Organization (WTO)
• Select bibliography