Before the Neoliberal Turn: The Rise of Energy Finance and the Limits to US Foreign Economic Policy

Description

This book pinpoints continuities and changes in U.S. foreign economic policy from the fixed exchange rate system of the 1960s through to the period between the two oil crises of the 1970s. Chapters pay close attention to the interconnectedness between the long lasting decline of the U.S. Dollar on foreign exchange markets and the U.S. balance of payments, transformations in international capital markets, and international oil developments. The book charts the prolonged failure of Washington’s foreign economic policies to restore U.S. financial and monetary leadership through to the Carter Administration. Front Matter ....Pages i-xix Introduction: The Reshaping of US Foreign Financial and Monetary Policies from the 1960s to the 1970s (Simone Selva)....Pages 1-18 Capital Account, Foreign Trade and Development Assistance: US Foreign Economic Policy in the 1960s (Simone Selva)....Pages 19-89 Oil, Private Capital Markets, Inflation: The Tottering of the International Payments System 1968–1973 (Simone Selva)....Pages 91-195 The Rise of Energy Finance and the Quest for Capital Supply in the US Foreign Economic Policy 1973–1976 (Simone Selva)....Pages 197-294 The Linkage Between Petrodollar Recycling and Demand Side Policies: Its Rise and Fall Under the Carter Administration (Simone Selva)....Pages 295-351 Conclusion: Dissecting the Interrelationship Between Transnational Capital Markets, Energy Finance, and Development Policies (Simone Selva)....Pages 353-375 Back Matter ....Pages 377-423