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The Global Economy 1944-2000 - The Limits of Ideology (Paperback)
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The Global Economy 1944-2000 - The Limits of Ideology (Paperback)
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Globalization the development of a world without economic frontiers
has become an increasingly popular subject for economists, social
scientists and political commentators. The conventional wisdom is
that this new international economy is the natural outcome of
market forces and cannot be resisted except at great cost to
economic and social welfare. The Global Economy 1944-2000
challenges this argument on three grounds. First, the national
power of the USA has been manipulated since the 1940s to promote an
open international economy. Second, multinational capital emerged
as a key influence in support of the historic aims of US foreign
economic policy. Third, there has been resistance to these
pressures over the last sixty years by socialist, social-democratic
and by radical nationalist movements in the industrialized and
developing worlds. It was not the market so much as the interplay
between these influences that shaped the contemporary international
economy. By bringing a clear historical perspective to the study of
the world economy since 1944, Scott Newton shows how it has changed
over time in response to the balance of forces within and between
countries, and is not simply destined for free market globalization
or any other inevitable fate.
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