This book examines the political economy of conflict between China, a rising power, and the USA, a declining one. It provides an informed analysis as to why China is the main beneficiary of neo-liberal globalisation, a project launched in the wake of the collapse of the Bretton Woods system in the late 1960s under the aegis of the USA. Why are Huawei and other Chinese high-tech giants targeted by the USA and its allies? What is the role of the state and the Chinese political system in the development of China's political economy, as well as its globalisation? Does China's global rise provide a viable and sustainable alternative to neo-liberal globalisation? Since American leaders view increasingly the rise of China as a threat, how likely is an armed conflict between China and the USA? This book answers these questions by using a wealth of empirical material and debating with many theoretical schools of thought, Marxist or otherwise.

This timely book will explain, via a number of thematic and case studies, that international economics is not an independent terrain of economic activity reproducing itself throughout history, but a complex articulation of social, political and culturally determined actions that are inextricably linked. Chapters will address the role of dominant global powers in the making of global industrial and monetary relations, and, in particular, ways in which, and the degrees to which dominant economic and military powers, such as the USA, tend to shape the domestic economic environments of lesser powers after their own image. Supplementing the chapters will be a comprehensive A - Z glossary section, which will include key International Political Economy terms, e.g. international debt, European free trade area, International Bank for Reconstruction and Development, IMF, GATT-WTO, Foreign exchange, fixed exchange rates, floating exchange rates, reserve currency, gold-dollar parity, multinational corporation, preferential trade agreement, hedge funds, etc. Entries will be cross-referenced for ease of use. This book will be ideal for researchers and students in the areas of politics, international relations and international economics, as well as for academics, economists, business people, and those with an interest in the workings of international political economy.

This book examines the political economy of conflict between China, a rising power, and the USA, a declining one. It provides an informed analysis as to why China is the main beneficiary of neo-liberal globalisation, a project launched in the wake of the collapse of the Bretton Woods system in the late 1960s under the aegis of the USA. Why are Huawei and other Chinese high-tech giants targeted by the USA and its allies? What is the role of the state and the Chinese political system in the development of China's political economy, as well as its globalisation? Does China's global rise provide a viable and sustainable alternative to neo-liberal globalisation? Since American leaders view increasingly the rise of China as a threat, how likely is an armed conflict between China and the USA? This book answers these questions by using a wealth of empirical material and debating with many theoretical schools of thought, Marxist or otherwise.