Description
This fully revised fifth edition continues to offer the authoritative introduction to these days’s global political economy and its historical context. O’Brien and Williams move beyond the traditional three-paradigm point of view to show how these theories may also be applied and their efficacy in tackling key developments and issues. In doing so, the authors offer an all-encompassing analysis of the more than one theories, themes, and issues to create a comprehensive guide to the topic.
The authors first trace the evolution of the global economy from its roots in fifteenth century through the Industrial Revolution, to the post-1945 world order. They then proceed to explore in more detail the dynamics of these days’s global political economy, providing systematic coverage of the key spheres of activity, from trade, production and finance to social divisions, development, the environment, ideas, security and governance. This edition includes new material on the Greek financial crisis and the changing role of the BRICS countries in global governance, as these developments upset the dominance of america and Europe on this planet economy these days.
Supported by more than one boxed exhibits, further reading links, and a completely-featured companion website online, this text is designed to be as accessible as conceivable. Online, students will find essay and more than one choice questions, podcasts and videos, timelines, and other materials to assist consolidate learning.