In the age of globalisation, goods, services, labour and capital
are crossing international borders on a scale never before known.
They are creating a nationless market. Governed by both the
invisible hand of business and interest and the visible hand of
authority and direction, a world market can be a free-for-all, but
it can also be constrained by the national interest of countries
that differ greatly in their social institutions and material
circumstances. This book provides a lucid and comprehensive account
of contemporary international political economy. Beginning with the
ideological underpinnings, it examines the globalisation of trade
in goods and services and labour and capital. It relates the free
economic market to social consensus and political regulation, both
within sovereign countries and at the supra-national level. The
book is comprehensive and interdisciplinary, incorporating
philosophical, political, social and economic insights on an
international scale and applying them directly to the ongoing
phenomenon of globalisation. Topical and non-nation specific, it
covers the WTO, EU, the transfer of technology, the multinational
corporation, the exchange rate, free versus regulated trade, the
status of agreements and blocs, as well as contemporary issues such
as populism, xenophobia and rapid economic growth in both rich and
poor nations. Accessible to specialists, students and the informed
reader alike, State and Trade offers wide-ranging analysis of the
politics of trade in goods and services, international investment
and the migration of labour across the globe.
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