At a time when globalization is taking a step backward, what’s the best way to organize a global enterprise? The key, explains political economist Steven Weber, is to prepare for a world increasingly made up of competing regions defined by their own rules and standards.
Globalization has taken a hit as trade wars and resistance to mass migrations dominate headlines. Are we returning to the old world of stand-alone nations? Political economist Steven Weber argues that we are heading toward something new. Global connectedness will not dissolve but will be defined by “regional” blocs, demarcated more by the rules and standards they follow than by territory. For leaders of firms and NGOs with global ambitions, navigating this transformation is the strategic challenge of the decade.
Not long ago, we thought the world was flattening out, offering a level playing field to organizations striving for worldwide reach. As global economic governance expanded, firms shifted operations to wherever was most efficient—designing in one country and buying, manufacturing, and selling in others. Today, the world looks bumpier, with rising protectionism, national struggles over data control, and tensions over who should set worldwide standards. Expect emerging regional blocs to be dominated by the major rule-makers: the US, China, and possibly the EU. Firms and NGOs will need to remake themselves by building complete, semi-independent organizations in each region. Every nation will choose which rule-maker it wants to align with, and it may not be the one next door. This new world has the potential to be more prosperous, Weber argues, but friction between the dynamics of geography and technology will make it more risky.
Pioneering research, creative thinking, and colorful storytelling from the frontlines of the global economy combine to make this a must-read for leaders and analysts facing tomorrow’s world.
The history of the modern social sciences can be seen as a series of attempts to confront the challenges of social disorder and revolution wrought by the international expansion of capitalist social relations. In Capital, the State, and War, Alexander Anievas focuses on one particularly significant aspect of this story: the inter-societal or geo-social origins of the two world wars, and, more broadly, the confluence of factors behind the Thirty Years’ Crisis between 1914 and 1945.
Anievas presents the Thirty Years’ Crisis as a result of the development of global capitalism with all its destabilizing social and geopolitical consequences, particularly the intertwined and co-constitutive nature of imperial rivalries, social revolutions, and anti-colonial struggles. Building on the theory of “uneven and combined development,” he unites geopolitical and sociological explanations into a single framework, thereby circumventing the analytical stalemate between “primacy of domestic politics” and “primacy of foreign policy” approaches.
Anievas opens new avenues for thinking about the relations among security-military interests, the making of foreign policy, political economy and, more generally, the origins of war and the nature of modern international order.
An Economist Book of the Year
A Financial Times Book of the Year
A Foreign Affairs Best Book of the Year
A Prospect Best Book of the Year
A ProMarket Book of the Year
An Omidyar Network “8 Storytellers Informing How We’ve been Reimagining Capitalism” Selection
“Brilliant…Poses all the important questions about our future.”
—Gordon Brown
“A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured.”
—The Economist
We are all capitalists now. For the first time in human history, the world is dominated by one economic system. At some level capitalism has triumphed because it works: it delivers prosperity and gratifies our desire for autonomy. But this comes at a moral price, pushing us to treat material success as the ultimate goal, and offers no guarantee of stability. While Western liberal capitalism creaks under the strains of inequality and excess, some are flaunting the virtues of political capitalism, exemplified by China, which may be more efficient, but is also vulnerable to corruption and social unrest.
One of the outstanding economists of his generation, Branko Milanovic mines the data to tell his ambitious and compelling story. Capitalism gets a lot wrong, he argues, but also much right—and it isn’t going away anytime soon. Our task is to improve it in the hopes that a more equitable capitalism can take hold.
“Erudite, illuminating…Engaging to read…As a virtuoso economist, Milanovic is superb when he is compiling and assessing data.”
—Robert Kuttner, New York Review of Books
“Leaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching.”
—Edward Luce, Financial Times
Careers in International Affairs, now in its eighth edition, is the ultimate job hunting guide for anyone hoping to work in the U.S. government, international organizations, business, or nonprofits. This thoroughly revised edition provides up-to-date descriptions and data about careers in the global workplace and how to find them—along with nearly 300 organization profiles.
In addition to a remarkably broad and deep list of organizations and contacts, Careers in International Affairs offers insight and guidance from a career counselor, a graduate student, and practitioners in the international affairs community on networking, interviewing, finding a mentor, and choosing the best graduate school.
The book also presents numerous firsthand perspectives on various career sectors from those who have found their own international niche—from young professionals to senior policymakers. It is designed to encourage international job seekers to think about what they know and what talents they have to offer, to widen their horizons and reveal all the possibilities, to help them realize that the future could hold several careers, and to remind them that it is never too early—or too late—to consider the variety of options that await them around the world.
Careers in International Affairs is published in cooperation with Georgetown University's School of Foreign Service, the oldest and largest school of international affairs in the United States.
This is the essential resource and job-hunting guide for all those interested in international careers in the US government, multinational corporations, banks, consulting companies, international and nongovernmental organizations, the media, think tanks, universities, and more. Careers in International Affairs, now in its ninth edition, provides up-to-date insights about the range of possibilities in the global workplace and tips on how to get these jobs—along with profiles of hundreds of important employers.
This helpful guide includes a directory of more than 250 organizations who offer internationally oriented jobs such as the US Department of State, CIA, United Nations, World Bank, J.P. Morgan Chase, Google, McKinsey & Company, and dozens more. The book also includes insightful testimonies about what these careers are really like from both junior and senior professionals in these fields. Careers in International Affairs gives advice on academic paths that will prepare students for demanding international careers and guidance on how to write resumes, interview for jobs, network, and maintain their online profile.
Published in cooperation with the Edmund A. Walsh School of Foreign Service at Georgetown University, the oldest school of international affairs in the United States, Careers in International Affairs will encourage job seekers to consider their goals and talents, widen their horizons to consider new possibilities, and help them realize that their future can hold several careers, while reminding all that it is never too early—or too late—to consider the realm of opportunities that await them throughout the world.
A pioneer in bringing mathematical methods into everyday use in economics, Lloyd A. Metzler is well known for his adroit use of formal tools and exceptionally readable prose style which have provided a generation of economists with clear solutions to difficult analytical problems. The papers collected in this volume, including four previously unpublished, retain a freshness and clarity that is readily recognized by today's students of economics.
Over the years Mr. Metzler's contributions to economic theory have ranged widely over the fields of international economics, macroeconomic theory, business fluctuations, and the mathematical theory of general equilibrium. Most notably, he carries Lord Keynes's theories further, working out the essential properties of the foreign-trade multiplier. His discussions of tariff repercussions, capital transfers, and stability conditions in the foreign-exchange market are of vital importance to today's dramatic efforts to achieve economic stability throughout the world.
Collected Papers, enhanced by many tables and figures and clearly indicative of the author's far-reaching economic mind, is organized into four sections: The Theory of International Trade; Money, Interest, and Prices; Business Cycles and Economic Fluctuations; and Mathematical Economics and Statistics. Two of the articles in this volume were part of the author's doctoral thesis which was awarded the David A. Wells Prize at Harvard University.
No study of international relations is complete without consideration of foreign policy processes and an understanding of state security, conflict in global politics, and the relationship between the world economy and international behavior. Conflict, Security, Foreign Policy, and International Political Economy: Past Paths and Future Directions in International Studies consists of twelve original essays that point out the strengths and weaknesses of current approaches in these research areas as well as suggest agendas for future research.
Frank P. Harvey is Professor of Political Science and Director of the Centre for Foreign Policy Studies at Dalhousie University.
Michael Brecher is the R.B. Angus Professor of Political Science at McGill University and past president of the International Studies Association.
Millennial Reflections on International StudiesThis volume is part of the Millennial Reflections on International Studies project in which forty-five prominent scholars engage in self-critical, state-of-the-art reflection on international studies to stimulate debates about successes and failures and to address the larger questions of progress in the discipline.
Other paperbacks from this project:
Realism and Institutionalism in International Studies
Evaluating Methodology
Critical Perspectives in International Studies
The full collection of essays is available in the handbook Millennial Reflections on International Studies.
Harold James examines the vulnerability and fragility of processes of globalization, both historically and in the present. This book applies lessons from past breakdowns of globalization—above all in the Great Depression—to show how financial crises provoke backlashes against global integration: against the mobility of capital or goods, but also against flows of migration. By a parallel examination of the financial panics of 1929 and 1931 as well as that of 2008, he shows how banking and monetary collapses suddenly and radically alter the rules of engagement for every other type of economic activity.
Increased calls for state action in countercyclical fiscal policy bring demands for trade protection. In the open economy of the twenty-first century, such calls are only viable in very large states—probably only in the United States and China. By contrast, in smaller countries demand trickles out of the national container, creating jobs in other countries. The international community is thus paralyzed, and international institutions are challenged by conflicts of interest. The book shows the looming psychological and material consequences of an interconnected world for people and the institutions they create.
Contributors. Noam Chomsky, Ioan Davies, Manthia Diawara, Enrique Dussel, David Harvey, Sherif Hetata, Fredric Jameson, Geeta Kapur, Liu Kang, Joan Martinez-Alier, Masao Miyoshi, Walter D. Mignolo, Alberto Moreiras, Paik Nak-chung, Leslie Sklair, Subramani, Barbara Trent
The Economic Structure of International Law presents a rationalist analysis of the structure of international law. It employs social scientific techniques to develop an understanding of the role of law in international society. In doing so, it delves into the question of compliance and reveals the real-world circumstances under which states might adhere to or violate international law.
Joel P. Trachtman explores such topics as treaty-making and jurisdiction; the rise, stability, and efficiency of custom; the establishment of international organizations; and the structure and role of international legal dispute settlement. At the core of the book lies the question of the allocation of legal power to states. The Economic Structure of International Law presents policymakers and scholars with an over-arching analytical model of international law, one that demonstrates the potential of international law, but also explains how policymakers should choose among different international legal structures.
"Globalization" is here. Signified by an increasingly close economic interconnection that has led to profound political and social change around the world, the process seems irreversible. In this book, however, Harold James provides a sobering historical perspective, exploring the circumstances in which the globally integrated world of an earlier era broke down under the pressure of unexpected events.
James examines one of the great historical nightmares of the twentieth century: the collapse of globalism in the Great Depression. Analyzing this collapse in terms of three main components of global economics--capital flows, trade, and international migration--James argues that it was not simply a consequence of the strains of World War I but resulted from the interplay of resentments against all these elements of mobility, as well as from the policies and institutions designed to assuage the threats of globalism. Could it happen again? There are significant parallels today: highly integrated systems are inherently vulnerable to collapse, and world financial markets are vulnerable and unstable. While James does not foresee another Great Depression, his book provides a cautionary tale in which institutions meant to save the world from the consequences of globalization--think WTO and IMF, in our own time--ended by destroying both prosperity and peace.
Over the centuries, processing and distribution of products from land and sea has stimulated the growth of a global economy. In the broad sweep of world history, it may be hard to imagine a place for the meager little herring baitfish. Yet, as Brian Payne adeptly recounts, the baitfish trade was hotly contested in the Anglo-American world throughout the nineteenth century. Politicians called for wars, navies were dispatched with guns at the ready, vessels were seized at sea, and violence erupted at sea.
Yet, the battle over baitfish was not simply a diplomatic or political affair. Fishermen from hundreds of villages along the coastline of Atlantic Canada and New England played essential roles in the construction of legal authority that granted or denied access to these profitable bait fisheries.
Fishing a Borderless Sea illustrates how everyday laborers created a complex system of environmental stewardship that enabled them to control the local resources while also allowing them access into the larger global economy.
Global Interdependence provides a new account of world history from the end of World War II to the present, an era when transnational communities began to challenge the long domination of the nation-state. In this single-volume survey, leading scholars elucidate the political, economic, cultural, and environmental forces that have shaped the planet in the past sixty years.
Offering fresh insight into international politics since 1945, Wilfried Loth examines how miscalculations by both the United States and Soviet Union brought about a Cold War conflict that was not necessarily inevitable. Thomas Zeiler explains how American free-market principles spurred the creation of an entirely new economic order—a global system in which goods and money flowed across national borders at an unprecedented rate, fueling growth for some nations while also creating inequalities in large parts of the Middle East, Latin America, and Africa. From an environmental viewpoint, John McNeill and Peter Engelke contend that humanity has entered a new epoch, the Anthropocene era, in which massive industrialization and population growth have become the most powerful influences upon global ecology. Petra Goedde analyzes how globalization has impacted indigenous cultures and questions the extent to which a generic culture has erased distinctiveness and authenticity. She shows how, paradoxically, the more cultures blended, the more diversified they became as well.
Combining these different perspectives, volume editor Akira Iriye presents a model of transnational historiography in which individuals and groups enter history not primarily as citizens of a country but as migrants, tourists, artists, and missionaries—actors who create networks that transcend traditional geopolitical boundaries.
Over the past century, Israel has been transformed from an agricultural colony, to a welfare-warfare state, to a globally integrated "market economy" characterised by great income disparities. What lies behind this transformation? In order to understand capitalist development, argue Bichler and Nitzan, we need to break the artificial separation between "economics" and "politics", and think of accumulation itself as "capitalisation of power". Applying this concept to Israel, they reveal the big picture that never makes it to the news. Diverse processes – such as regional conflicts and energy crises, ruling class formation and dominant ideology, militarism and dependency, inflation and recession, the politics of high-technology and the transnationalisation of ownership – are all woven into a single story. The result is a fascinating account of one of the world’s most volatile regions.
Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance.
Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor?
Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.
The Gloss of Harmony focuses on agencies of the United Nations, examining the paradox of entrusting relatively powerless and underfunded organisations with the responsibility of tackling some of the essential problems of our time. The book shows how international organisations shape the world in often unexpected and unpredictable ways.
The authors of this collection look not only at the official objectives and unintended consequences of international governance but also at how international organisations involve collective and individual actors in policy making, absorb critique, attempt to neutralise political conflict and create new political fields with local actors and national governments.
The Gloss of Harmony identifies the micro-social processes and complexities within multilateral organisations which have, up to now, been largely invisible. This book will have wide appeal not only to students and academics in anthropology, business studies and sociology but also to all practitioners concerned with international governance.
For nearly a decade the leaders of the seven major industrial countries—the United States, Japan, Germany, France, Britain, Italy, and Canada—have met annually to discuss international economic and political issues. Regular summitry of this sort is virtually unprecedented in modern diplomacy. Proponents see the Western summits as providing collective leadership that is vital in a turbulent world, while critics dismiss summitry as distracting and even damaging to political and economic stability.
Hanging Together charts the modern dilemma between economic interdependence and national sovereignty. It assesses the history, decisions, successes, and failures of the seven-power summits from Rambouillet in 1975 to the 1983 meeting at Williamsburg, and looks forward to the 1984 summit in London. The authors show how the growing importance of international commerce and finance has caused national and international politics to become entangled, and how national borders have become more permeable. Born in an era of waning American hegemony, the summits reveal the tension between American leadership and collective Western management of the world economy. The authors also trace the struggles of heads of state to balance the conflicting imperatives of personal authority and bureaucratic expertise. Because summits involve the power and prestige of each country's highest authorities, summitry reveals in concentrated form how these conflicts are expressed and managed.
As a blend of contemporary history and political economy, Hanging Together demonstrates that summits are not isolated annual encounters, but part of a continuous process of international and domestic negotiation about the most important and controversial issues facing all governments today.
For nearly a decade the leaders of the seven major industrial countries—the United States, Japan, Germany, France, Britain, Italy, and Canada—have met annually to discuss international economic and political issues. Regular summitry of this sort is virtually unprecedented in modern diplomacy. Proponents see the Western summits as providing collective leadership that is vital in a turbulent world, while critics dismiss summitry as distracting and even damaging to political and economic stability.
Hanging Together charts the modern dilemma between economic interdependence and national sovereignty. It assesses the history, decisions, successes, and failures of the seven-power summits from Rambouillet in 1975 to the 1983 meeting at Williamsburg, and looks forward to the 1984 summit in London. The authors show how the growing importance of international commerce and finance has caused national and international politics to become entangled, and how national borders have become more permeable. Born in an era of waning American hegemony, the summits reveal the tension between American leadership and collective Western management of the world economy. The authors also trace the struggles of heads of state to balance the conflicting imperatives of personal authority and bureaucratic expertise. Because summits involve the power and prestige of each country's highest authorities, summitry reveals in concentrated form how these conflicts are expressed and managed.
As a blend of contemporary history and political economy, Hanging Together demonstrates that summits are not isolated annual encounters, but part of a continuous process of international and domestic negotiation about the most important and controversial issues facing all governments today.
The chapters that follow are grouped in three sections, corresponding to the three stages of peacemaking: reduction or management of regional conflict; peacemaking or progress toward a peace treaty; and maintenance of bilateral peace and the regionalization of the peace settlement. In each chapter, the contributors consider the five key questions from a variety of methodological, historical, cultural, and empirical perspectives, drawing data from the Pacific, the Middle East, Europe, Asia, and Latin America. The conclusion expands on several themes found in the chapters and proposes an agenda for future research.
Capitalist growth is widely heralded as the only answer to the crisis still sweeping the global economy. Yet the era of corporate globalisation has been defined by unprecedented levels of inequality and environmental degradation. A return to capitalist growth threatens to exacerbate these problems, not solve them.
In The Poverty of Capitalism, John Hilary reveals the true face of transnational capital in its insatiable drive for expansion and accumulation. He exposes the myth of ‘corporate social responsibility’ (CSR), and highlights key areas of conflict over natural resources, labour rights and food sovereignty.
Hilary also describes the growing popular resistance to corporate power, as well as the new social movements seeking to develop alternatives to capitalism itself. This book will be essential reading for all those concerned with global justice, human rights and equity in the world order.
Is economic equality necessary for social peace? Why do the strong oppress and impoverish the weak? How are developing nations overcoming the legacy of colonialism? These are a few of the many thought-provoking concerns addressed in this book. The first in a new series—The W. E. B. Du Bois Lectures—it tackles a wide range of topics dealing with the economics of racial conflict in important areas of the world. Race is often introduced as a key factor, whether it is or not, in such highly controversial subjects as colonialism, federalism, dual labor markets, affirmative action, multinational corporations, the international economic order, and of course discrimination itself. W. Arthur Lewis discerns the ways in which race and economics affect individuals and groups, bringing a personal viewpoint to the problems faced by both less-developed and more-developed countries.
How many black vice-presidents should a major North American corporation employ? Do East Indians and Canadians demonstrate more aptitude for business than West Indians? Does affirmative action work in education or business? Though he boldly confronts grave national and international problems, Lewis does so with wisdom, equanimity, optimism, even a touch of humor. His individualistic and commonsensical thoughts and opinions may not please or satisfy everyone, but they cannot fail to intrigue and invite discussion.
A Foreign Affairs Best Book of 2016
Today, nations increasingly carry out geopolitical combat through economic means. Policies governing everything from trade and investment to energy and exchange rates are wielded as tools to win diplomatic allies, punish adversaries, and coerce those in between. Not so in the United States, however. America still too often reaches for the gun over the purse to advance its interests abroad. The result is a playing field sharply tilting against the United States.
“Geoeconomics, the use of economic instruments to advance foreign policy goals, has long been a staple of great-power politics. In this impressive policy manifesto, Blackwill and Harris argue that in recent decades, the United States has tended to neglect this form of statecraft, while China, Russia, and other illiberal states have increasingly employed it to Washington’s disadvantage.”
—G. John Ikenberry, Foreign Affairs
“A readable and lucid primer…The book defines the extensive topic and opens readers’ eyes to its prevalence throughout history…[Presidential] candidates who care more about protecting American interests would be wise to heed the advice of War by Other Means and take our geoeconomic toolkit more seriously.
—Jordan Schneider, Weekly Standard
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