Praised for its authoritative coverage, Global Political Economy places the study of IPE in broad theoretical context and has been updated to cover the rise of populism, Brexit, the USMCA, US-China trade wars, tariffs, refugees and global migration, the Keynesian-monetarist debate, Fordism, automation, the "gig" economy, global value chains, climate change, cryptocurrencies, and the residual effects of global economic crises and regional relationships and impacts. Written by leading IPE scholar Theodore Cohn, now joined by his prolific colleague Andy Hira, this book equally emphasizes theory and practice to provide a framework for analyzing current events and long-term developments in the global economy. This text is suitable for both introductory and advanced IPE courses. New to the Eighth Edition Expands upon the growing US-China competition in many areas of the global political economy. Discusses the problems Brexit is posing for Britain and the European Union (EU). Explores the growth of populism. Focuses more on environmental degradation/climate change along with the increase in global migration. Incorporates a new theme of South-South global economic relations. Highlights the relationship among economics, geopolitics, and security issues. Emphasizes the importance of global value chains. Looks at the potential for future global financial crises. Updates and expands the number of tables, figures, and graphics throughout. Provides an updated Test Bank and new PowerPoint slides in an Instructor's e-Resource.

How are the economic policies which developing countries adopt selected and how do they change? Who are the key players in economic development policies? Professor Anil Hira answers these questions head on by suggesting new ways of looking at how ideas affect economic policy. He first traces the way that ideas become wedded to interest groups over time, and he interprets the debate over economic development policy as a series of changes in idea-interest networks, often marked by crises. He then looks closely at economic idea entrepreneurs. Through concrete case studies of networks in Latin America, with a focus on Chilean economic policy, Hira explains not only how ideas are introduced, but which ones win out in the economic policy process and why. He introduces the concept of economic knowledge networks to understand groups of economists wedded to certain sets of ideas, such as neoliberalism or structuralism. Economic knowledge networks extend beyond Latin America and can be found in such diverse places as Indonesia and Egypt. Hira identifies the characteristics of these groups and shows how they create political action through their organizational activities and ideas. Hira not only sheds light on how ideas affect economic policy, but also provides an inside story on the groups responsible for the new economic revolution that is sweeping Latin America and transforming the regional economy. An important resource for scholars, students, and policy makers involved with international political economy, emerging economies, and Latin American studies.

Hira explores the impact of the neoliberal revolution in Latin America, which claims the superiority of markets that are freed from government intervention and restrictions on trade and investment. He examines changes in the energy policy of the Southern Cone (Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay) and finds that, contrary to what is claimed and expected, there is a great deal of state intervention that continues through regulatory policy.

All around the world, economic markets are in flux. Policies to change these markets are part of the neoliberal revolution that claims the superiority of markets freed from government intervention and restrictions on trade and investment. The general conclusion among most academic and policy analysts who study developing countries is that market liberalization is a foregone conclusion. Developing countries' choices are constrained by two primary factors: first, the burden of massive external debt that forces them to court international finance, and second, the need to gain access to the world's largest markets in Europe and/or the United States, optimally through free trade agreements. The effects of market liberalization, including deregulation, privatization, and integration, require further scrutiny.

Hira examines the effects of international market pressures on energy policy at the national, regional, and sectoral levels in Latin America's Southern Cone--Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay--who belong to the MERCOSUR common market. Contrary to what is claimed and expected, he finds that a great deal of state intervention continues through regulatory policy. He also provides an thorough set of comparative political economy case studies, along with a discussion of the MERCOSUR process with regards to energy. His analysis of the political economy of electricity and natural gas deregulation is especially relevant in the wake of the California energy crisis, the Enron debacle, and international discussions about energy deregulation. This book is of particular interest to scholars, students, and other researchers involved with Latin American economic development and energy policy.

"This publication could not be more timely. Little more than a decade after the global financial crisis of 2008, governments are once again loosening the reins over financial markets. The authors of this volume explain why that is a mistake and could invite yet another major crisis." -Benjamin Cohen, University of California, Santa Barbara, USA "Leading political scientists from several generations here offer historical depth, as well as sensible suggestions about what reforms are needed now." -John Kirton, University of Toronto, Canada, and Co-founder of the G7 Research Group "A valuable antidote to complacency for policy-makers, scholars and students." -Timothy J. Sinclair, University of Warwick, UK This book examines the long-term, previously underappreciated breakdowns in financial regulation that fed into the 2008 global financial crash. While most related literature focuses on short-term factors such as the housing bubble, low interest rates, the breakdown of credit rating services and the emergence of new financial instruments, the authors of this volume contend that the larger trends in finance which continue today are most relevant to understanding the crash. Their analysis focuses on regulatory capture, moral hazard and the reflexive challenges of regulatory intervention in order to demonstrate that financial regulation suffers from long-standing, unaddressed and fundamental weaknesses.

Did 9/11 revive a North American guns-butter trade-off? Established in the largest administrative overhaul since World War II, the Department of Homeland Security was charged with keeping the United States safe within a wider security community, but confronted the Washington Consensus-based Western Hemisphere free trade movement, beginning with the North American Free Trade Agreement (NAFTA) and extending to the Central American Free Trade Agreement (CAFTA) in 2003, to materialize a Free Trade Area of the Americas (FTAA) compact. Whether 9/11 restrictions impeded these trade-related thrusts or not, embracing neoliberalism permitted Canada and Mexico to pursue their own initiatives, such as proposing free-trade to the US--Canada in 1985, Mexico in 1990, but, as during the Cold War, security imperatives ultimately prevailed.

This work investigates Canada's and Mexico's Department of Homeland Security responses through three bilateral studies of policy responses along comparative lines, case studies of security and intelligence apparatuses in each of the three countries, and a post-9/11 trilateral assessment. Ultimately, they raise a broader and more critical North American question: Will regional economic integration continue to be trumped by security considerations, as during the Cold War era, and thereby elevate second-best outcomes, or rise above the constraints to reassert the unquenchable post-Cold War thirst for unfettered markets replete with private enterprises, liberal policies, and full-fledged competitiveness?

Latin America is at a uniquely important juncture in its history and the history of development more generally. Neoliberal market-orientated policies are being called into question, growth has been volatile and equity has stayed the same or worsened. In Latin America there is no clear direction for change. This book presents an alternative development path for Latin America based on an East Asian model. East Asia remains the only developing region so far with high stable and equitable economic development. Based on in depth analysis and the presentation of new and unique material, this study provides a new perspective on the lessons of China's rapid development and examines relations between states and companies that have led to greater success by East Asian companies entering new international markets. More importantly, it highlights how Latin American politics can and must be transformed.

The Great Disruption: Understanding the Populist Forces Behind Trump, Brexit, and LePen aims to put the shocking events of 2016-17 into a long-term, historical perspective. The seemingly disparate and separately discussed election of Donald Trump, Brexit vote, success of Marine LePen's National Front Party, and the wider spread of populism have an overlooked commonality: They all start with a similar core constituency of disaffected older blue collar workers. Using a data-driven analysis, author Anil Hira shows that racism and xenophobia are linked to economic populism-xenophobia becoming widespread under conditions of economic stress. Hira shows further that since economic stress is felt very deeply, conventional solutions are inadequate. There is a perception among the affected group that politicians can not offer "normal" solutions and thus turn to populism. The Great Disruption traces long-term and largely un-linked shifts in the economy from globalization to automation to uncover the deeper sources of populist outbreaks. This book demonstrates that racial and immigrant attitudes have not changed, rather any backlash is a scapegoating effect of economic loss and dislocation. Populism not only misdiagnoses the situation but also misses the wider long-term threats of climate change, demographic shifts, and the rise of China. Recognizing the transformational nature of such threats depends on the maturation of the Millennial generation and its willingness to evolve towards a more global style of governance, in the process rejecting the shallow promises of populism.

This edited collection critically explores the efforts of the apparel industry to improve safety conditions and suggests governance reforms that will resolve lingering issues. The volume examines two consortia: the Alliance and the Accord, which set up cooperative auditing systems of supplying factories and penalties for non-compliance, and include funding to help factories comply and for workers if factories are idled during repairs, though the editors raise doubts about the long-lasting value of such efforts. In the wake of the 2013 Rana Plaza disaster, leading researchers across labor relations and industry studies tackle and debate such issues, giving their perspective of how multinationals operating in developing countries should regulate labor standards in order to resolve and improve the substandard working conditions under which much of our clothing is made.

Praised for its authoritative coverage, Global Political Economy places the study of IPE in broad theoretical context and has been updated to cover the rise of populism, Brexit, the USMCA, US-China trade wars, tariffs, refugees and global migration, the Keynesian-monetarist debate, Fordism, automation, the "gig" economy, global value chains, climate change, cryptocurrencies, and the residual effects of global economic crises and regional relationships and impacts. Written by leading IPE scholar Theodore Cohn, now joined by his prolific colleague Andy Hira, this book equally emphasizes theory and practice to provide a framework for analyzing current events and long-term developments in the global economy. This text is suitable for both introductory and advanced IPE courses. New to the Eighth Edition Expands upon the growing US-China competition in many areas of the global political economy. Discusses the problems Brexit is posing for Britain and the European Union (EU). Explores the growth of populism. Focuses more on environmental degradation/climate change along with the increase in global migration. Incorporates a new theme of South-South global economic relations. Highlights the relationship among economics, geopolitics, and security issues. Emphasizes the importance of global value chains. Looks at the potential for future global financial crises. Updates and expands the number of tables, figures, and graphics throughout. Provides an updated Test Bank and new PowerPoint slides in an Instructor's e-Resource.

Economic matters entered a new phase of importance in the wake of the Cold War. Concerns within development-assistance efforts to the Third World have also shifted. The current macro-environment of development has been accompanied by a plethora of new concerns and methods, such as how to consider gender in development projects and how to develop participatory-centered projects. Yet no text has covered many of the new approaches and techniques related to development projects, including issues of participation, gender, and evaluation—until now. Hira and Parfitt bridge these serious gaps, drawing on their hands-on experience and teaching in the field. The end of the Cold War was supposed to bring a new era of peace prosperity, and development. However, the post-Cold War world has not led to any major improvements in development. In this book, Hira and Parfitt examine why 50 years of development have not led to the wiping out of poverty. In the first part of the book, they break down the political agendas behind development in the post-Cold War World, as well as the serious flaws in current development project management. In the remainder of the book they look carefully at a number of new initiatives that seek to correct these problems, examining carefully their promise for bringing about more tangible results. This book provides a thorough overview of the classic concerns and approaches of development project management, including clear explanations of predominant planning and evaluation practices. In addition, the book introduces the major new initiatives in development project management, including those regarding environmental sustainability, participation, gender, and the steps needed to create a real learning environment in development project planning. The result is a guide for the project manager and policymaker who want to know the implications of recent development ideas in terms of everyday practices, as well as for the student and interested citizen seeking to move beyond theory and critique to see how new practices can change the way that development projects are administered.