The Fragmented World: Competing Perspectives on Trade, Money and Crisis

Description

This comprehensive textbook, first published in 1985, on the world economic, written specifically for non-specialists, compares neo-classical, neo-Ricardian and Marxist theories and policies in international economics. Theories of trade and money, and issues such as international debt crisis, the rise of the newly industrializing countries and the demands for a New International Economic Order, and explained clearly and concisely. A wide range of political economics across the political spectrum are discussed. This accessible book will be of interest to anyone who wants to make sense of the complexities of international economy and the competing theories on trade, money and crisis. Cover Title Copyright Original Title Original Copyright Contents LIST OF TABLES LIST OF FIGURES PREFACE AND ACKNOWLEDGEMENTS 1 The world division of labour and economic theories 1.1 The world division of labour - what do we have to explain? 1.2 Economic theories - the competing explanations and their sources Notes on further reading Summary 2 The free-marketeers and the rise and fall of the Heckscher-Ohlin theory 2.1 'Free to choose' - the essence of subjective theory 2.2 The rise of the Heckscher-Ohlin theory 2.3 The fall of the Heckscher-Ohlin theory Notes on further reading Summary 3 The rise of cost-of-production theory 3.1 Pluralism and distribution 3.2 The 'Sraffian' approach to trade theory Notes on further reading Summary 4 Neo-Ricardianism and unequal exchange 4.1 From Prebisch to Emmanuel - the foundations of unequal exchange 4.2 Emmanuel's unequal exchange 4.3 Neo-Ricardian policies on distribution and development - an overview Notes on further reading Summary 5 Marxist theories - underdevelopment or uneven development? 5.1 Marx's method and the critique of capitalism 5.2 Neo-Marxist theories of underdevelopment - origins and analysis 5.3 Theories of underdevelopment - the criticisms Notes on further reading Summary 6 Trade, money and crisis 6.1 Trade, money and balance-of-payments adjustments 6.2 World crisis - excess money supply, distributional conflict, or capitalist contradiction? Notes on further reading Summary 7 Capitalism, international money and transnational corporations 7.1 The expansion of capitalism 7.2 The international monetary system 7.3 Transnational corporations Notes on further reading Summary 8 The Third World, nationalism and a NIEO 8.1 The growth of the Third World and import substitution 8.2 The new industrial countries - a new international division of labour? 8.3 South-south co-operation - and regional integration 8.4 South-south co-operation - the new international economic order (NIEO) and commodity cartels Notes on further reading Summary 9 The state, imperialism and socialism 9.1 The capitalist state 9.2 Imperialism 9.3 Socialism and the Soviet state Notes on further reading Summary 10 Summary and conclusions 10.1 Free trade is fair trade 10.2 Unfair trade and unequal exchange - the case for institutional intervention 10.3 Capitalism and uneven development - the case for socialism Notes on further reading REFERENCES INDEX