For policy makers, scholars, and the general public in any developing country, understanding the political economy of their country in the context of globalization is of elemental importance today. However, this requires a prior comprehension of the nature, causes and consequences of globalization. They key underlying concern in this volume is the lesson that the evolution and contemporary structuring of globalization holds for developing countries. Cast within the overall conceptual framework of international relations theory, it explores how the process of globalization still remains ‘truncated’– basically confined to the ‘triad’ of the US, Europe, and Japan. For Baldev Raj Nayar, the explanation fro both the advance of contemporary globalization and its ‘truncated’ nature lies in geopolitics. Indeed, the volume is distinctive for its underlining the central role that geopolitics has played in the contemporary structuring of globalization, focusing specially on the US as the hegemonic power along with its European allies — the ‘regime makers’ in the modern-day international system. The book operates on a vast theoretical and empirical canvas. It informs readers on the nature of globalization and the role of markets and geopolitics. It then applies its findings to the understanding of developmental success in the original ‘Asian tigers’, the Southeast Asian nations, and China. Its treatment of India and Pakistan is noteworthy for its illumination of the contrast between the two countries in the interaction of geopolitics and economic policy. Contemporary and insightful, this book will be of interest to scholars of politics and international relations, and economics as well as to journalists, policy planners and the informed general reader.
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