From the vantage point of the United States or Western Europe,
the 1970s was a time of troubles: economic "stagflation," political
scandal, and global turmoil. Yet from an international perspective
it was a seminal decade, one that brought the reintegration of the
world after the great divisions of the mid-twentieth century. It
was the 1970s that introduced the world to the phenomenon of
"globalization," as networks of interdependence bound peoples and
societies in new and original ways.
The 1970s saw the breakdown of the postwar economic order and
the advent of floating currencies and free capital movements.
Non-state actors rose to prominence while the authority of the
superpowers diminished. Transnational issues such as environmental
protection, population control, and human rights attracted
unprecedented attention. The decade transformed international
politics, ending the era of bipolarity and launching two great
revolutions that would have repercussions in the twenty-first
century: the Iranian theocratic revolution and the Chinese market
revolution.
"The Shock of the Global" examines the large-scale structural
upheaval of the 1970s by transcending the standard frameworks of
national borders and superpower relations. It reveals for the first
time an international system in the throes of enduring
transformations.
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