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Globalization the development of a world without economic frontiers has
become an increasingly popular subject for economists, social scientists
and political commentators. The conventional wisdom is that this new
international economy is the natural outcome of market forces and cannot
be resisted except at great cost to economic and social welfare.
The Global Economy 1944-2000
challenges this argument on three grounds. First, the national power of
the USA has been manipulated since the 1940s to promote an open
international economy. Second, multinational capital emerged as a key
influence in support of the historic aims of US foreign economic policy.
Third, there has been resistance to these pressures over the last sixty
years by socialist, social-democratic and by radical nationalist
movements in the industrialized and developing worlds. It was not the
market so much as the interplay between these influences that shaped the
contemporary international economy. By bringing a clear historical
perspective to the study of the world economy since 1944, Scott Newton
shows how it has changed over time in response to the balance of forces
within and between countries, and is not simply destined for free market
globalization or any other inevitable fate.
become an increasingly popular subject for economists, social scientists
and political commentators. The conventional wisdom is that this new
international economy is the natural outcome of market forces and cannot
be resisted except at great cost to economic and social welfare.
The Global Economy 1944-2000
challenges this argument on three grounds. First, the national power of
the USA has been manipulated since the 1940s to promote an open
international economy. Second, multinational capital emerged as a key
influence in support of the historic aims of US foreign economic policy.
Third, there has been resistance to these pressures over the last sixty
years by socialist, social-democratic and by radical nationalist
movements in the industrialized and developing worlds. It was not the
market so much as the interplay between these influences that shaped the
contemporary international economy. By bringing a clear historical
perspective to the study of the world economy since 1944, Scott Newton
shows how it has changed over time in response to the balance of forces
within and between countries, and is not simply destined for free market
globalization or any other inevitable fate.
'Scott Newton's The Global Economy is a godsend for all those who need to get their own minds - let alone their students' minds - around one of the most important yet complicated phenomena of the 20th century. This is "grand sweep history" at its best.' Peter Hennessy, Atlee Professor of Contemporary British History, Queen Mary, University of London