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This new and updated edition of Michael Hudson's classic political economy text explores how and why the US came to achieve world economic hegemony. Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American economic strategy during a key period in world history.
In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating...
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"A deeply researched investigation that reveals how the United States is like a spider at the heart of an international web of surveillance and control, which it weaves in the form of globe-spanning networks such as fiber optic cables and obscure payment systems America's security state first started to weaponize these channels after 9/11, when they seemed like necessities to combat terrorism--but now they're a matter of course. Multinational companies...
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Publisher
Basic Books
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English
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"In Three Billion New Capitalists, the acclaimed international trade expert Clyde Prestowitz explains why this belief is a mirage. He describes the powerful trends whose convergence is rapidly shifting wealth and power to Asia - and why geopolitical clout will follow economic strength. These trends include America's increasingly unsustainable trade deficits and the equally unsustainable buildup of massive dollar reserves in places like Japan and China;...
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"Even his staunchest opponents grudgingly admit that, so far, President Trump's policies have been good for business. Can he really turn the economy around? Donald Trump promised the American people a transformative change in economic policy after eight years of stagnation under Barack Obama. But he didn't adopt a conventional left or right economic agenda. His is a new economic populism that combines some conventional Republican ideas--tax cuts,...
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The global financial crisis of 2007–2008 was both an economic catastrophe and a watershed event in world politics. In American Power after the Financial Crisis, Jonathan Kirshner explains how the crisis altered the international balance of power, affecting the patterns and pulse of world politics. The crisis, Kirshner argues, brought about an end to what he identifies as the "second postwar American order" because it undermined the legitimacy of...
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"Emerging markets are attractive investments for many reason, including their enormous growth potential and their diversification benefits. The problem is, money doesn't discriminate between democratic and anti-democratic leaders: Markets routinely reward authoritarians like Jair Bolsonaro, Vladimir Putin, Recep Erdogan, and Hugo Chavez. Indeed, foreign money has played a major role in helping some of today's most anti-democratic leaders build, maintain,...
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Cordell Hull's persistence and legislative experience were determining factors at every stage in the development of the Trade Agreements Act of 1934. Rarely has such important legislation owed itself to a single man. The Trade agreements Act resolved the long-running debate between high and low-tariff proponents, made the United States a truly international economy, and served as the first step in the creation of the political and commercial order...
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"In Saving Freedom, Joe Scarborough recounts the historic forces that moved Truman toward his country's long twilight struggle against Soviet communism, and how this untested president acted decisively to build a lasting coalition that would influence America's foreign policy for generations to come. On March 12, 1947, Truman delivered an address before a joint session of Congress announcing a policy of containment that would soon become known as...
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"Morgan Stanley's Asia Chairman offers his views on investment opportunities in Asia. As Morgan Stanley's chief Asia specialist, getting Asia right is Stephen Roach's personal obsession, and this in-depth compilation represents more than 50 of Roach's key research efforts not just on Asia, but also on how the region fits into the broad context of increasingly globalized financial markets. The book argues that the "Asia factor" is not a static concept,...
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"When Arthur B. Laffer spearheaded the theory of supply-side economics and became a member of President Reagan's Economic Policy Advisory Board, he took his place as an economic icon. More recently, he joined with Stephen Moore and Peter J. Tanous to write The End of Prosperity - a clarion call delineating what is wrong with current political approaches to America's present economic challenges. Now Arthur Laffer and Stephen Moore follow the success...
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A brilliant investigation of globalization, the most significant socioeconomic trend in the world today, and how it is affecting everything we do-economically, politically, and culturally-abroad and at home.
As foreign affairs columnist for The New York Times, Thomas L. Friedman crisscrosses the globe talking with the world's economic and political leaders, and reporting, as only he can, on what he sees. Now he has used his years of experience as...
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Pub. Date
2024.
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English
Description
"Over the past few decades, China has climbed the ranks of the global powers with staggering speed. Its vast economy and growing regional aggression make it a threat to supersede the United States as the world's dominant power. But this outcome is far from inevitable. Like neighboring Russia-which harbors global ambitions of its own-right now China is at a turning point. Whereas international sanctions and a turn away from fossil fuels are steadily...
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"Donald Trump, Statesman? Critics dismissed the idea out of hand. Even his fans questioned whether President Trump could do what other presidents had considered impossible. But in less than two years, Trump has: - Put North Korea on the path to de-nuclearization and peace with South Korea. - Destroyed the "state" of the Islamic State. - Forged a de facto alliance between Saudi Arabia and Israel. - Doled out real punishment - not empty threats - for...
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Politicians of every stripe frequently invoke the Marshall Plan in support of programs aimed at using American wealth to extend the nation's power and influence, solve intractable third-world economic problems, and combat world hunger and disease. Do any of these impassioned advocates understand why the Marshall Plan succeeded where so many subsequent aid plans have not? Historian Nicolaus Mills explores the Marshall Plan in all its dimensions to...
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Is globalization an unintended recipe for war? Taking this question as its starting point, former investment banker James Macdonald offers a rich, original account of war, peace, and trade in the 20th century--and a cautionary tale for the 21st. In the late 19th century, liberals exulted that the spread of international commerce would usher in prosperity and peace. An era of economic interdependence, they believed, would render wars too costly to...
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"In Why Globalization Works for America, the author explains why globalization is here to stay, why America is the winner in the game of globalization, and why all the king's horses and all the king's men can't put the Humpty Dumpty of yesterday's nonglobalized world back together again"--
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In the weeks and months after the end of the Spanish-American War, Americans celebrated their nation's triumph by eating sugar. Each of the nation's new imperial possessions, from Puerto Rico to the Philippines, had the potential for vastly expanding sugar production. As victory parties and commemorations prominently featured candy and other sweets, Americans saw sugar as the reward for their global ambitions. April Merleaux demonstrates that trade...
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Diane Kunz describes here how the United States employed economic diplomacy to affect relations among states during the Suez Crisis of 1956-57. Using political and financial archival material from the United States and Great Britain, and drawing from personal interviews with many of the key players, Kunz focuses on how economic diplomacy determined the course of events during the crisis from start to finish. In doing so, she provides both an excellent...
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Trade expert Juhasz explores the Bush Administration's plan to dominate the world through a corporate globalization agenda, first in Iraq, then the proposed U.S.-Middle East Free Trade Area, and ultimately as a cornerstone to the global Bush Doctrine. Bush's "free trade" economic model argues that, by removing restrictions on multinational corporations, these companies will become engines of economic growth around the world--but this will in fact...