Global Political Economy: Understanding the International Economic Order

Global Political Economy focuses on the powerful economic, political and technological forces that have transformed the world. Robert Gilpin gives particular attention to economic globalisation, its real and alleged implications for economic affairs, and the degree to which its nature, extent and significance have been exaggerated and misunderstood. Moreover, he demonstrates that national policies and domestic economics remain the most critical determinants of economic affairs. The book also stresses the importance of economic regionalism, multinational corporations, and financial upheavals. Gilpin employs the conventional theory of international trade, insights from the theory of industrial organisation, and endogenous growth theory. In addition, ideas from political science, history, and other disciplines are employed to enrich understanding of the new international economic order.