Name: Global Fracture: The New International Economic Order
Brand: Pluto
SKU: 9780745323947
Price: 2064.0 INR
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Global Fracture: The New International Economic Order

by Michael Hudson

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ISBN13: 9780745323947
Binding: Paperback
Subject: Economics
Publisher: Pluto
Publisher Imprint: Pluto
Publication Date: January 1, 2005
Pages: 328
Original Price: GBP 23.99
Language: English
Edition: N/A
Item Weight: 404 grams
BISAC Subject(s): Political Economy, International / Economics & Trade, and Public Policy / Economic Policy

About The Book

Hudson is one of the tiny handful of economic thinkers in today's world who are forcing us to look at old questions in startling new ways. Alvin Toffler, best-selling author of Future Shock and The Third WaveThis new and updated edition of Michael Hudson's classic political economy text explores how and why the US came to achieve world economic hegemony.Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American economic strategy during a key period in world history. In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating a New International Economic Order (NIEO). This aimed to improve the terms of trade for raw materials and build up agicultural and industrial self-sufficiency. Global Fracture shows how the US undermined this progressive initiative and instead pushed for financial dominance over the rest of the world. Today, the NIEO is a forgotten interlude, its optimism replaced by the financial austerity imposed by the IMF and the World Bank.Exploring how America achieved its economic aims, and tracing the implications this has had through subsequent decades, Michael Hudson covers various topics including trade embargoes, changing US attitudes to foreign aid, the rise of protectionism, government regulation of international investments, the impact on specific industries including the oil industry, the implications of the new economic order and the future of war.

About The Author

Douglas Dowd is a widely respected academic and political activist. He has taught at Cornell University, Johns Hopkins University, University of California, Berkeley, and San Jose State University and is currently teaching at the University of Modena in Italy. He is the author of Capitalism and its Economics (Pluto, 2004).

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