International Political Economy: Perspectives on Global Power and Wealth / Edition 6

by Jeffry A. Frieden, David A. Lake, J. Lawrence Broz

Overview

With 70 percent new readings, the Sixth Edition of International Political Economy has been extensively updated to reflect changes in the scholarship and the global economy. This compact book brings together a flexible and provocative set of articles and excerpts on a broad range of topics, including the global economic crisis, international migration, and the ongoing challenges in the Eurozone. The text also provides clear introductions and headnotes to help students get the most out of each reading.

Product Details

ISBN-13:	9780393603880
Publisher:	Norton, W. W. & Company, Inc.
Publication date:	04/28/2017
Edition description:	Sixth Edition
Pages:	576
Product dimensions:	6.00(w) x 9.20(h) x 0.90(d)

About the Author

Jeffry A. Frieden is the Stanfield Professor of International Peace at Harvard University. A specialist on the politics of international financial relations, he is also coauthor, with Menzie Chinn, of Lost Decades, a history of the 2008 financial crisis.

David A. Lake is the Jerri-Ann and Gary E. Jacobs Professor of Social Sciences and Distinguished Professor of Political Science at the University of California, San Diego (UCSD). He is, most recently, the author of Hierarchy in International Relations. His other books include Entangling Relations: American Foreign Policy in Its Century and Power, Protection and Free Trade: International Sources of U.S. Commercial Strategy, 1887–1939. In addition, he is co-editor of 10 volumes and author of over 80 articles and book chapters on international relations, international political economy, and American foreign policy. He is Associate Dean of Social Sciences and Director of the Yankelovich Center for Social Science Research at UCSD. In 2013, he received the UCSD’s Chancellor’s Associates Awards for Excellence in Research in Humanities and Social Sciences.

J. Lawrence Broz (Ph.D., University of California, Los Angeles) is professor of political science at the University of California, San Diego. He studies the institutions that regulate national and international monetary and financial relations: central banks, exchange rate regimes, and international financial institutions. He is the author of International Origins of the Federal Reserve System (1997) and a series of articles on the congressional politics of financing the International Monetary Fund.

Table of Contents

Preface ix

About the Editors xi

Introduction 1

I Contending Perspectives on International Political Economy 18

1 Commerce and Coalitions; How Trade Affects Domestic Political Alignments Ronald Rogowski 20

2 The Political Economy of Adjustment and Rebalancing Jeffry A. Frieden 30

3 State Power and the Structure of International Trade Stephen D. Krasner 43

4 International Institutions and Issue Linkage: Building Support for Agricultural Trade Liberalization Christina L. Davis 62

II Historical Perspectives 77

5 Free Trade: The Repeal of the Coin Laws Cheryl Schonhardt-Bailey 81

6 International Trade, Domestic Coalitions, and Liberty: Comparative Responses to the Crisis of 1873-1896 Peter Alexis Gourevitch 92

7 Root Causes: A Historical Approach to Assessing the Role of Institutions in Economic Development Daron Acemoglu 113

8 The Institutional Roots of American Trade Policy: Politics, Coalitions, and International Trade Michael Bailey Judith Goldstein Barry R. Weingast 119

III Foreign Direct Investment 140

9 The Multinational Enterprise as an Economic Organization Richard E. Caves 144

10 Labor Markets and Demand for Foreign Direct Investment Sonal Pandya 156

11 Bargaining over BITs, Arbitrating Awards: The Regime for Protection and Promotion of International Investment Beth A. Simmons 167

12 Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries Quan Li Adam Resnick 184

IV Money and Finance 206

13 The Impossible Trinity (aka the Policy Trilemma) Joshua Aizenman 211

14 Globalization and Exchange Rate Policy Jeffry A. Frieden 221

15 Borrowing, Boom, and Bust: The Capital Flow Cycle Menzie D. Chinn Jeffry A. Frieden 232

16 The Political Economy of the Euro Crisis Mark Copelovitch Jeffry A. Frieden stefanie walter 252

17 Political System Transparency and Monetary Commitment Regimes J. Lawrence Broz 267

V Trade 282

18 The Political Economy of the Smoot-Hawley Tariff Barry Eichengreen 286

19 Trade Policy, Economic Interests, and Party Politics in a Developing Country: The Political Economy of CAFTA-DR Raymond Hicks Helen V. Milner Dustin Tingley 297

20 Who Wants to Globalize? Consumer Tastes and Labor Markets in a Theory of Trade Policy Beliefs Andy Baker 315

21 Policymakers' Horizon and Trade Reforms: The Protectionist Effect of Elections Paola Conconi Giovanni Facchini Maurizio Zanardi 328

22 The World Trade Organization and the Future of Multilateralism Richard Baldwin 339

VI Migration 357

23 Political Economy and Migration Policy Gary P. Freeman Alan K. Kessler 359

24 Open Trade, Closed Borders: Immigration in the Era of Globalization Margaret E. Peters 378

25 Do Interest Groups Affect U.S. Immigration Policy? Giovanni Facchini Anna Maria Mayda Prachi Mishra 394

VII Economies in Development 413

26 Global Income Inequality in Numbers: In History and Now Branko Milanovic 416

27 The Past, Present, and Future of Economic Growth Dani Rodrik 428

28 History Lessons: Institutions, Factor Endowments, and Paths of Development in the New World Kenneth L. Sokoloff Stanley L. Engerman 449

VIII Current Problems in International Political Economy 459

29 Globalization and the Environment Jeffrey A. Frankel 461

30 The Fair Trade Challenge to Embedded Liberalism Sean D. Ehrlich 489

31 Cooperation and Discord in Global Climate Policy Robert O. Keohane David G. Victor 506

32 The Governance of International Finance Jeffry A. Frieden 518

33 US versus Them: Mass Attitudes toward Offshore Outsourcing Edward D. Mansfield Diana C. Mutz 535

Editorial Reviews

An anthology of readings for a first course in international political economy, international relations, and international economics. Of the 31 articles, 15 are new to the fourth edition; no dates are noted for earlier editions. The sections include contending perspectives, historical views, production, money and finance, and economies in development and transition. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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