Global Political Economy compilation
document first half
Contents
Reinert Chapter 2 .................................................................................................................................. 10
Reinert Chapter 3 .................................................................................................................................. 14
Reinert Chapter 4 .................................................................................................................................. 18
Reinert Chapter 7 .................................................................................................................................. 21
Reinert Chapter 8 .................................................................................................................................. 27
Reinert Chapter 9 .................................................................................................................................. 32
Reinert Chapter 10 ................................................................................................................................ 36
Reinert Chapter 11 ................................................................................................................................ 40
Reinert Chapter 12 ................................................................................................................................ 43
Klein, Matthew C. and Michael Pettis. Trade Wars are Class Wars: How Rising Inequality Distorts the
Global Economy and Threatens International Peace. New Haven, CT: Yale University Press, 2020.
Chapter 1: “From Adam Smith to Tim Cook: The Transformation of Global Trade,” 8-39.
https://catalogue.leidenuniv.nl/permalink/f/1e3kn0k/TN_cdi_askewsholts_vlebooks_978030025275
0 ............................................................................................................................................................ 48
Pins, cloth, and wine ......................................................................................................................... 48
Hamilton, list, and the American system .......................................................................................... 49
High imperialism and the open door ................................................................................................ 50
From world wars to world order....................................................................................................... 50
Container shipping ............................................................................................................................ 51
How global value chains and ports distort the bilateral trade data ................................................. 52
How corporate taks avoidance distorts the trade data .................................................................... 53
Creative taxation ............................................................................................................................... 54
Reinert Chapter 14 ................................................................................................................................ 56
Reinert Chapter 15 ................................................................................................................................ 60
Reinert Chapter 16 ................................................................................................................................ 67
Reinert Chapter 17 ................................................................................................................................ 73
Reinert Chapter 18 ................................................................................................................................ 78
Reinert Chapter 20 ................................................................................................................................ 84
Reinert Chapter 21 ................................................................................................................................ 89
Rodrik, Dani. The Globalization Paradox: Why Global Markets, States, and Democracy Can’t Coexist.
Oxford: Oxford University Press, 2011. Chapter 9: “The Political Trilemma of the World Economy,”
184-206. (see Brightspace for a scan) ................................................................................................... 93
1
, Can you save an economy by tying it to the mast of globalization? ................................................ 93
The inevitable clash between politics and hyper-globalization ........................................................ 93
When hyper-globalization impinges on democratic choices ............................................................ 94
The trilemma ..................................................................................................................................... 95
The political trilemma of the world economy .................................................................................. 96
Smart globalization – enhance national democracy......................................................................... 96
Schwartz, Herman Mark “American hegemony: intellectual property rights, dollar centrality, and
infrastructural power.” Review of International Political Economy 26, no. 3 (2019): 490-519.
https://catalogue.leidenuniv.nl/permalink/f/1e3kn0k/TN_cdi_crossref_primary_10_1080_09
692290_2019_1597754 ........................................................................................................................ 97
First international festival of Saharan film........................................................................................ 99
O’Brien and Williams Chapter 1 .......................................................................................................... 100
The economic nationalist perspective ............................................................................................ 101
Key actors .................................................................................................................................... 101
Key dynamics .............................................................................................................................. 101
Conflict and cooperation ............................................................................................................ 101
Economic nationalism today ....................................................................................................... 101
The liberal perspective.................................................................................................................... 102
Key actors .................................................................................................................................... 102
Key dynamics .............................................................................................................................. 102
Conflict and cooperation ............................................................................................................ 102
Liberalism today .......................................................................................................................... 103
The critical perspective ................................................................................................................... 103
Key actors .................................................................................................................................... 103
Key dynamics .............................................................................................................................. 103
Conflict and cooperation ............................................................................................................ 104
Critical theory today.................................................................................................................... 104
Contending perspectives: a summary............................................................................................. 104
O’Brien and Williams Chapter 3 .......................................................................................................... 106
Regions of the world economy ....................................................................................................... 106
The middle east ........................................................................................................................... 107
China ........................................................................................................................................... 107
India ............................................................................................................................................ 107
Africa ........................................................................................................................................... 107
The Americas............................................................................................................................... 108
Europe ......................................................................................................................................... 108
2
, European expansion ....................................................................................................................... 109
Into the Americas ........................................................................................................................ 110
Along Africa: the triangular trade ............................................................................................... 111
On the peripheries of Asia .......................................................................................................... 112
Conclusion ....................................................................................................................................... 112
O’Brien and Williams Chapter 4 .......................................................................................................... 115
The industrial revolution................................................................................................................. 115
What was the industrial revolution? .......................................................................................... 115
Why Britain? Why then? ............................................................................................................. 116
What did the others do? ............................................................................................................. 116
Pax Britannica ................................................................................................................................. 116
The gold standard and capital flows ........................................................................................... 117
Free trade .................................................................................................................................... 117
Balance of power ........................................................................................................................ 118
Renewed imperialism ..................................................................................................................... 119
War and economic disorder............................................................................................................ 120
The world wars............................................................................................................................ 120
Interwar economic failure............................................................................................................... 120
Conclusion ....................................................................................................................................... 121
Trade ........................................................................................................................................... 122
Production................................................................................................................................... 122
Finance ........................................................................................................................................ 122
Labour ......................................................................................................................................... 122
Gender ........................................................................................................................................ 122
Development............................................................................................................................... 122
Environment................................................................................................................................ 122
Ideas ............................................................................................................................................ 122
Security ....................................................................................................................................... 123
Governance ................................................................................................................................. 123
O’Brien and Williams Chapter 5 .......................................................................................................... 124
The Cold War Era: 1945 – 1989 ...................................................................................................... 124
The US-led Western political economy....................................................................................... 124
The communist political economy .................................................................................................. 124
The southern political economy ................................................................................................. 125
The post-cold war era: 1990-2019 .................................................................................................. 125
Competing capitalisms and state transformation ...................................................................... 125
3
, The information revolution ......................................................................................................... 127
International organizations and governance .............................................................................. 127
Conclusion ....................................................................................................................................... 128
O’Brien and Williams Chapter 6 .......................................................................................................... 130
Definitions ....................................................................................................................................... 130
Theoretical perspectives: free trade and protectionism ................................................................ 130
Proponents of free trade ............................................................................................................ 131
Critics of free trade ..................................................................................................................... 131
Major developments....................................................................................................................... 132
Growth and protectionism.......................................................................................................... 132
Changing institutional arrangements ......................................................................................... 133
Key issues ........................................................................................................................................ 135
Developing country interests ...................................................................................................... 135
Regional trade agreements ......................................................................................................... 136
Trade and globalization............................................................................................................... 137
Conclusion ....................................................................................................................................... 137
O’Brien and Williams Chapter 11 ........................................................................................................ 139
Definitions ....................................................................................................................................... 139
Theoretical perspectives on growth and development .................................................................. 140
Major developments....................................................................................................................... 141
Development and national capitalism, 1947–81 ........................................................................ 141
Development, neoliberalism and beyond, 1982–2019............................................................... 141
Key issues ........................................................................................................................................ 142
The organization of development............................................................................................... 142
Debt and debt relief .................................................................................................................... 143
North-south conflict .................................................................................................................... 144
Conclusion ....................................................................................................................................... 144
J. Stiglitz: “Introduction to Globalization and its Discontents Revisited” (surfdrive) ......................... 146
All is not well in the advanced countries ........................................................................................ 146
The sobering statistics................................................................................................................. 146
The Benefits of the Global Economic Order ............................................................................... 147
The mismanagement of trade globalization ................................................................................... 147
Trade agreements: unfair to whom? .......................................................................................... 147
Trade Globalization: Benefiting Some at the Expense of Others................................................ 147
Could everyone have been a winner? ........................................................................................ 148
Destroying communities ............................................................................................................. 148
4
document first half
Contents
Reinert Chapter 2 .................................................................................................................................. 10
Reinert Chapter 3 .................................................................................................................................. 14
Reinert Chapter 4 .................................................................................................................................. 18
Reinert Chapter 7 .................................................................................................................................. 21
Reinert Chapter 8 .................................................................................................................................. 27
Reinert Chapter 9 .................................................................................................................................. 32
Reinert Chapter 10 ................................................................................................................................ 36
Reinert Chapter 11 ................................................................................................................................ 40
Reinert Chapter 12 ................................................................................................................................ 43
Klein, Matthew C. and Michael Pettis. Trade Wars are Class Wars: How Rising Inequality Distorts the
Global Economy and Threatens International Peace. New Haven, CT: Yale University Press, 2020.
Chapter 1: “From Adam Smith to Tim Cook: The Transformation of Global Trade,” 8-39.
https://catalogue.leidenuniv.nl/permalink/f/1e3kn0k/TN_cdi_askewsholts_vlebooks_978030025275
0 ............................................................................................................................................................ 48
Pins, cloth, and wine ......................................................................................................................... 48
Hamilton, list, and the American system .......................................................................................... 49
High imperialism and the open door ................................................................................................ 50
From world wars to world order....................................................................................................... 50
Container shipping ............................................................................................................................ 51
How global value chains and ports distort the bilateral trade data ................................................. 52
How corporate taks avoidance distorts the trade data .................................................................... 53
Creative taxation ............................................................................................................................... 54
Reinert Chapter 14 ................................................................................................................................ 56
Reinert Chapter 15 ................................................................................................................................ 60
Reinert Chapter 16 ................................................................................................................................ 67
Reinert Chapter 17 ................................................................................................................................ 73
Reinert Chapter 18 ................................................................................................................................ 78
Reinert Chapter 20 ................................................................................................................................ 84
Reinert Chapter 21 ................................................................................................................................ 89
Rodrik, Dani. The Globalization Paradox: Why Global Markets, States, and Democracy Can’t Coexist.
Oxford: Oxford University Press, 2011. Chapter 9: “The Political Trilemma of the World Economy,”
184-206. (see Brightspace for a scan) ................................................................................................... 93
1
, Can you save an economy by tying it to the mast of globalization? ................................................ 93
The inevitable clash between politics and hyper-globalization ........................................................ 93
When hyper-globalization impinges on democratic choices ............................................................ 94
The trilemma ..................................................................................................................................... 95
The political trilemma of the world economy .................................................................................. 96
Smart globalization – enhance national democracy......................................................................... 96
Schwartz, Herman Mark “American hegemony: intellectual property rights, dollar centrality, and
infrastructural power.” Review of International Political Economy 26, no. 3 (2019): 490-519.
https://catalogue.leidenuniv.nl/permalink/f/1e3kn0k/TN_cdi_crossref_primary_10_1080_09
692290_2019_1597754 ........................................................................................................................ 97
First international festival of Saharan film........................................................................................ 99
O’Brien and Williams Chapter 1 .......................................................................................................... 100
The economic nationalist perspective ............................................................................................ 101
Key actors .................................................................................................................................... 101
Key dynamics .............................................................................................................................. 101
Conflict and cooperation ............................................................................................................ 101
Economic nationalism today ....................................................................................................... 101
The liberal perspective.................................................................................................................... 102
Key actors .................................................................................................................................... 102
Key dynamics .............................................................................................................................. 102
Conflict and cooperation ............................................................................................................ 102
Liberalism today .......................................................................................................................... 103
The critical perspective ................................................................................................................... 103
Key actors .................................................................................................................................... 103
Key dynamics .............................................................................................................................. 103
Conflict and cooperation ............................................................................................................ 104
Critical theory today.................................................................................................................... 104
Contending perspectives: a summary............................................................................................. 104
O’Brien and Williams Chapter 3 .......................................................................................................... 106
Regions of the world economy ....................................................................................................... 106
The middle east ........................................................................................................................... 107
China ........................................................................................................................................... 107
India ............................................................................................................................................ 107
Africa ........................................................................................................................................... 107
The Americas............................................................................................................................... 108
Europe ......................................................................................................................................... 108
2
, European expansion ....................................................................................................................... 109
Into the Americas ........................................................................................................................ 110
Along Africa: the triangular trade ............................................................................................... 111
On the peripheries of Asia .......................................................................................................... 112
Conclusion ....................................................................................................................................... 112
O’Brien and Williams Chapter 4 .......................................................................................................... 115
The industrial revolution................................................................................................................. 115
What was the industrial revolution? .......................................................................................... 115
Why Britain? Why then? ............................................................................................................. 116
What did the others do? ............................................................................................................. 116
Pax Britannica ................................................................................................................................. 116
The gold standard and capital flows ........................................................................................... 117
Free trade .................................................................................................................................... 117
Balance of power ........................................................................................................................ 118
Renewed imperialism ..................................................................................................................... 119
War and economic disorder............................................................................................................ 120
The world wars............................................................................................................................ 120
Interwar economic failure............................................................................................................... 120
Conclusion ....................................................................................................................................... 121
Trade ........................................................................................................................................... 122
Production................................................................................................................................... 122
Finance ........................................................................................................................................ 122
Labour ......................................................................................................................................... 122
Gender ........................................................................................................................................ 122
Development............................................................................................................................... 122
Environment................................................................................................................................ 122
Ideas ............................................................................................................................................ 122
Security ....................................................................................................................................... 123
Governance ................................................................................................................................. 123
O’Brien and Williams Chapter 5 .......................................................................................................... 124
The Cold War Era: 1945 – 1989 ...................................................................................................... 124
The US-led Western political economy....................................................................................... 124
The communist political economy .................................................................................................. 124
The southern political economy ................................................................................................. 125
The post-cold war era: 1990-2019 .................................................................................................. 125
Competing capitalisms and state transformation ...................................................................... 125
3
, The information revolution ......................................................................................................... 127
International organizations and governance .............................................................................. 127
Conclusion ....................................................................................................................................... 128
O’Brien and Williams Chapter 6 .......................................................................................................... 130
Definitions ....................................................................................................................................... 130
Theoretical perspectives: free trade and protectionism ................................................................ 130
Proponents of free trade ............................................................................................................ 131
Critics of free trade ..................................................................................................................... 131
Major developments....................................................................................................................... 132
Growth and protectionism.......................................................................................................... 132
Changing institutional arrangements ......................................................................................... 133
Key issues ........................................................................................................................................ 135
Developing country interests ...................................................................................................... 135
Regional trade agreements ......................................................................................................... 136
Trade and globalization............................................................................................................... 137
Conclusion ....................................................................................................................................... 137
O’Brien and Williams Chapter 11 ........................................................................................................ 139
Definitions ....................................................................................................................................... 139
Theoretical perspectives on growth and development .................................................................. 140
Major developments....................................................................................................................... 141
Development and national capitalism, 1947–81 ........................................................................ 141
Development, neoliberalism and beyond, 1982–2019............................................................... 141
Key issues ........................................................................................................................................ 142
The organization of development............................................................................................... 142
Debt and debt relief .................................................................................................................... 143
North-south conflict .................................................................................................................... 144
Conclusion ....................................................................................................................................... 144
J. Stiglitz: “Introduction to Globalization and its Discontents Revisited” (surfdrive) ......................... 146
All is not well in the advanced countries ........................................................................................ 146
The sobering statistics................................................................................................................. 146
The Benefits of the Global Economic Order ............................................................................... 147
The mismanagement of trade globalization ................................................................................... 147
Trade agreements: unfair to whom? .......................................................................................... 147
Trade Globalization: Benefiting Some at the Expense of Others................................................ 147
Could everyone have been a winner? ........................................................................................ 148
Destroying communities ............................................................................................................. 148
4
