Peerless and Periled
Peerless and Periled

Author: Kati Suominen

Publisher: Stanford University Press

Published: 2012-06-20

Total Pages: 330

ISBN-13: 0804784906

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As the world economy emerges from the financial crisis, critics are announcing an end of the American era. The United States is said to be in an inexorable decline, and the expectation for the 21st century is for China to eclipse America and for the contours of global governance to blur. The loss of America's preeminent status will undercut our sway abroad and our safety and standard of living at home. But is America really done? Is the American era really over? In this provocative account, based on interviews with senior policymakers and cutting-edge research, Kati Suominen argues that talk of the end of Pax Americana is more smoke than fire. The international crisis did not fundamentally change the way the world is run. The G20 is but an American-created sequel to the G8, the US dollar still reigns supreme, and no country has resigned from the US-built, post-war financial institutions like the International Monetary Fund. This continuity reflects an absence of alternatives; there are no rival orders that would match the growth and globalization generated by leaving the United States at the helm. But Washington has no time for complacency. The American order is peerless, but it is also imperiled. To transcend this critical moment in history, the United States must step up and lead. Only America can uphold its order. In an interdependent world economy of rising powers, the US must stand for strategic multilateralism: striking deals with pivotal powers to tame destabilizing financial imbalances, securing free and fair markets abroad for US banks and businesses, and transforming the IMF and emerging Asian and European financial schemes into rapid responders to instability.

American Exceptionalism in the Age of Obama
American Exceptionalism in the Age of Obama

Author: Stephen Brooks

Publisher: Routledge

Published: 2013

Total Pages: 172

ISBN-13: 0415636418

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The election of President Obama in 2008 and the apparent decline of American power in the world has rekindled an old and important debate. Is the United States exceptional in its values and institutions, as well as in the role that it is destined to play in world affairs? In this book, Stephen Brooks argues that American exceptionalism has been and continues to be real. In making this argument he focuses on five aspects of American politics and society that are most crucial to an understanding of American exceptionalism today. They include the appropriate relationship between the state and citizens, religion, socio-economic mobility, America's role in the world, and ideas about the Constitution. American exceptionalism matters in domestic politics chiefly as a political narrative around which support for and opposition to certain policies, values and vision of American society coalesce. But in world affairs it is not the story but the empirical reality of American exceptionalism that matters. Although the long era of America's global economic dominance has entered what might be called a period of diminished expectations, the United States remains exceptional--the indispensable nation--in world affairs and is likely to remain so for many years to come.

The Obama Doctrine
The Obama Doctrine

Author: Colin Dueck

Publisher: Oxford University Press

Published: 2015-04-01

Total Pages: 337

ISBN-13: 0190202645

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By mid-2015, the Obama presidency will be entering its final stages, and the race among the successors in both parties will be well underway. And while experts have already formed a provisional understanding of the Obama administration's foreign policy goals, the shape of the "Obama Doctrine" is finally coming into full view. It has been consistently cautious since Obama was inaugurated in 2009, but recent events in the Middle East, Eastern Europe, and the Far East have led an increasingly large number of foreign policy experts to conclude that caution has transformed into weakness. In The Obama Doctrine, Colin Dueck analyzes and explains what the Obama Doctrine in foreign policy actually is, and maps out the competing visions on offer from the Republican Party. Dueck, a leading scholar of US foreign policy, contends it is now becoming clear that Obama's policy of international retrenchment is in large part a function of his emphasis on achieving domestic policy goals. There have been some successes in the approach, but there have also been costs. For instance, much of the world no longer trusts the US to exert its will in international politics, and America's adversaries overseas have asserted themselves with increasing frequency. The Republican Party will target these perceived weaknesses in the 2016 presidential campaign and develop competing counter-doctrines in the process. Dueck explains that within the Republican Party, there are two basic impulses vying with each other: neo-isolationism and forceful internationalism. Dueck subdivides each impulse into the specific agenda of the various factions within the party: Tea Party nationalism, neoconservatism, conservative internationalism, and neo-isolationism. He favors a realistic but forceful US internationalism, and sees the willingness to disengage from the world by some elements of the party as dangerous. After dissecting the various strands, he articulates an agenda of forward-leaning American realism--that is, a policy in which the US engages with the world and is willing to use threats of force for realist ends. The Obama Doctrine not only provides a sharp appraisal of foreign policy in the Obama era; it lays out an alternative approach to marshaling American power that will help shape the foreign policy debate in the run-up to the 2016 elections.

The Ashgate Research Companion to International Trade Policy
The Ashgate Research Companion to International Trade Policy

Author: Kenneth Heydon

Publisher: Routledge

Published: 2016-03-16

Total Pages: 586

ISBN-13: 131704309X

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This volume provides a state of the art review of current thinking on the full range of trade policy issues, addressing the economic and political dimensions of international trade policy. The volume contains a systematic examination of: - specific trade policy instruments (such as tariffs, non-tariff barriers and trade rules) - sectoral concerns (in agriculture, manufacturing and services) - trade linkages (to issues such as the environment and labour standards) - systemic considerations (what role for the WTO?) The organising theme of the volume is that open markets for trade and investment yield large potential gains in human welfare as long as trade policy is conducted as an integral part of broader domestic economic management and regulatory reform, and as long as the particular challenges facing developing countries are effectively addressed. This 'case' is presented on the basis of rigorous analysis of first principles and of empirical experience among key trading nations. An integrated set of original and comprehensive perspectives from a diverse group of experts, linked by a common organisational thread. The contributing authors create an ideal mix of internationally recognised experts together with younger specialists making their mark in trade policy analysis; academics as well as trade policy practitioners; and representatives of both developed and developing countries.

Susan Strange and the Future of Global Political Economy
Susan Strange and the Future of Global Political Economy

Author: Randall Germain

Publisher: Routledge

Published: 2016-04-28

Total Pages: 402

ISBN-13: 1317239334

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This edited volume addresses the 2007/2009 financial crisis as the occasion to engage critically with the corpus of Susan Strange’s work, in order to consider what changes (if any) this crisis portends for the structural organization of the global political economy. The contributors use Strange’s rich conceptual framework to explore the financial crisis and its aftermath, and reflect critically on the broader contributions which her work has made to the discipline of IPE. The volume makes three valuable contributions for scholars and students. First, it raises the profile of Susan Strange, a unique and powerful contributor to the field of IPE whose ideas matter to our current circumstance and can provide deep and enduring insights into important questions and issues. Secondly, each contributor to this volume combines her work and ideas with that of other traditions or individual theorists in ways that extend and/or deepen Strange’s own efforts. Finally, this volume leaves us with a judicious optimism about the future of both IPE and the world as it actually is, on the ground. This book will be of interest to scholars and students who are interested in the dynamics shaping contemporary and future developments in the global political economy, as well as those who are interested in the theoretical debates about how to study IPE.

The Status Quo Crisis
The Status Quo Crisis

Author: Eric Helleiner

Publisher: Oxford University Press

Published: 2014-06-19

Total Pages: 257

ISBN-13: 0199973644

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The 2008 financial crisis was the worst since the Great Depression and many voices argued that it would transform global financial governance. Analysts anticipated a "Bretton Woods moment", referring to the 1944 conference that established the postwar international financial order. Widespread expectations of change were then reinforced by the creation of the G20 leaders' forum, extensive debates about the dollar's global role, the launching of international financial regulatory reforms, and the establishment of the Financial Stability Board. But half a decade later, how much has really changed? In The Status Quo Crisis, Helleiner surveys the landscape and argues that continuity has marked global financial governance more than dramatic transformation. The G20 leaders forum contributed much less to the management of the crisis than advertised. The US dollar remains unchallenged as the world's dominant international currency. The market-friendly nature of pre-crisis international financial regulation has been not overturned in a significant manner. And the Financial Stability Board has strengthened the governance of international financial standards in only very modest ways. What we are left with are some small-bore incremental changes that, collectively, have not fundamentally restructured the governance of the global financial system. Helleiner argues that this strangely conservative result was generated partly by the structural power and active policy choices of the country at the center of the crisis: the United States. Status quo outcomes also reflected the unexpected weakness of Europe and conservatism of policymakers in large emerging market countries. Only if this distinct configuration of power and politics among and within influential states shifted in the coming years might the 2008 crisis leave a more transformative legacy over the longer term. Cutting against much of the received wisdom on offer today, The Status Quo Crisis will be essential reading for those interested in the politics of global finance and for anyone curious how expectations of change can be thwarted after even in the most dire of crises.

A Giant Reborn
A Giant Reborn

Author: Johan Van Overtveldt

Publisher: Agate Publishing

Published: 2015-07-04

Total Pages: 168

ISBN-13: 1572847506

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The world is in turmoil. Whether one looks at Europe, Asia, North America, the Middle East, Africa, or Latin America, uncertainty and upheaval seem to be the order of the day. Nevertheless, there seems to be an odd certainty in the minds of many pundits, writers, and citizens in this highly volatile world of geopolitics: the days of the United States as the world's sole superpower are over. The consensus tells us that the United States will not be able to keep a status as a major power among China, the European community, and a resurgent Russia. How realistic is this perspective, though? Is the "air of inevitability" concerning America's demise merely a passing breeze? How solid is the "unstoppable rise" of the Chinese? How likely is it for Europe to right its ship? A Giant Reborn, from critically acclaimed author and leading economic journalist Johan Van Overtveldt, dispels many of these ingrained assumptions and argues that the 21st century will be defined by the country currently best set up to succeed: the United States of America. In the current chaotic political climate it seems risky to say any country will be able to maintain its current status. But Van Overtveldt provides a measured, insightful, and thoroughly engaging examination of the evidence. In his richly detailed style and straightforward explanations, he masterfully lays out a case for why America, against many pundits' best predictions, is set up to continue its 20th-century success into this millennium. A Giant Reborn shows readers that the reports of America's death, to paraphrase the father of American literature, have been greatly exaggerated.

Making the Unipolar Moment
Making the Unipolar Moment

Author: Hal Brands

Publisher: Cornell University Press

Published: 2016-05-19

Total Pages: 482

ISBN-13: 1501703439

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In the late 1970s, the United States often seemed to be a superpower in decline. Battered by crises and setbacks around the globe, its post–World War II international leadership appeared to be draining steadily away. Yet just over a decade later, by the early 1990s, America's global primacy had been reasserted in dramatic fashion. The Cold War had ended with Washington and its allies triumphant; democracy and free markets were spreading like never before. The United States was now enjoying its "unipolar moment"—an era in which Washington faced no near-term rivals for global power and influence, and one in which the defining feature of international politics was American dominance. How did this remarkable turnaround occur, and what role did U.S. foreign policy play in causing it? In this important book, Hal Brands uses recently declassified archival materials to tell the story of American resurgence. Brands weaves together the key threads of global change and U.S. policy from the late 1970s through the early 1990s, examining the Cold War struggle with Moscow, the rise of a more integrated and globalized world economy, the rapid advance of human rights and democracy, and the emergence of new global challenges like Islamic extremism and international terrorism. Brands reveals how deep structural changes in the international system interacted with strategies pursued by Jimmy Carter, Ronald Reagan, and George H. W. Bush to usher in an era of reinvigorated and in many ways unprecedented American primacy. Making the Unipolar Moment provides an indispensable account of how the post–Cold War order that we still inhabit came to be.

China's Belt and Road Initiative
China's Belt and Road Initiative

Author: Wenxian Zhang

Publisher: Springer

Published: 2018-05-24

Total Pages: 367

ISBN-13: 3319754351

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Since the introduction of the One Belt, One Road initiative (OBOR), first proposed in late 2013, international scholars have begun to study this new policy and its implications in the global age. While OBOR provides new opportunities for China in terms of regional cooperation and global development, many also raise concerns about China’s intentions of using economic means to achieve strategic and foreign policy objectives. Hailing from the West and the East, the authors reflect on the wide-ranging impacts of OBOR on specific countries, regions, economic policies, and geopolitical considerations. Including both theoretical research and empirical studies that explore opportunities and challenges related to OBOR, this edited volume will allow readers to gain a more comprehensive understanding of this ambitious undertaking and its long-term impact on the rest of the world.

Globalization at Risk
Globalization at Risk

Author: Gary Clyde Hufbauer

Publisher: Yale University Press

Published: 2010-10-19

Total Pages: 232

ISBN-13: 0300157312

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History has declared globalization the winner of the 20th century. Globalization connected the world and created wealth unimaginable in the wake of the Second World War. But the financial crisis of 2008-09 has now placed at risk the liberal economic policies behind globalization. Engulfing the entire world, the crisis gave new fuel to the skeptics of the benefits of economic integration. Policy responses seem to favor anti-globalizers. New regulations could balkanize the global financial system, while widespread protectionist impulses might undo the Doha Round. Issues from climate change to national security may be used as convenient excuses to keep imports out, keep jobs at home, and to clamp down on global capital. Will globalization triumph or perish in the 21st century? What reforms make sense in the post-crisis world?International economists Gary Clyde Hufbauer and Kati Suominen argue that globalization has been a force of great good, one that needs to be actively advanced and honed. Drawing on the latest economic analyses, they reveal the drivers and effects of global finance and trade, lay out the key risks to globalization, and offer a practical policy roadmap for managing the challenges while increasing the gains. Vital reading for anyone in business, finance, foreign affairs, or economics, Globalization at Risk is sure to advance public debate on this defining issue of the 21st century.