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E-book
Author Montani, Guido

Title Supranational Political Economy : the Globalisation of the State-Market Relationship
Published Milton : Routledge, 2018

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Description 1 online resource (311 pages)
Series Routledge Frontiers of Political Economy Ser
Routledge Frontiers of Political Economy Ser
Contents Cover; Half Title; Title Page; Copyright Page; Table of Contents; Foreword; Introduction; PART I: The supranational approach to political economy; 1. International political economy and supranational political economy; 1.1 The birth and development of IPE: from Bretton Woods to globalisation; 1.2 The ideological and institutional limitations of IPE; 1.3 Politics, economics and democracy; 1.4 Supranational political economy; Appendix -- National, international and supranational public goods; References; 2. From the Cold War to global disorder; 2.1 Bipolar world governance
2.2 The break-up of the Soviet empire2.3 The decline of the American empire and global disorder; References; 3. The policy levers of the global economy; 3.1 The constitutionalisation of state-market relations; 3.2 Governing globalisation is possible; 3.3 Constitutional gradualism; 3.4 The governance of globalisation: the longue durée and the stabiliser; 3.5 The gold standard, the British stabiliser and economic nationalism; 3.6 The gold-exchange standard, the US stabiliser and global disorder; 3.7 Global governance: which policy levers?; References; PART II: Lessons from the past
4. The federal state and Hamilton's problem4.1 The federal state and federalism; 4.2 The confederation, the federation and the federal government; 4.3 The federal principle; 4.4 Fiscal federalism; 4.5 The federal constitutional equilibrium in the history of the United States; 4.6 The federal constitutional equilibrium in the twenty-first century; Appendix -- The federal state and sovereignty; References; 5. European integration and the supranational principle; 5.1 The supranational approach to the study of European integration; 5.2 The birth of supranational institutions
5.3 The European Single Market5.4 The Economic and Monetary Union; 5.5 The crisis of the European Union; 5.6 Beyond the crisis: towards a supranational democracy?; References; PART III: Supranational institutions for the global economy; 6. Technology, work and the anthropocene; 6.1 Global society and public-private relations; 6.2 The scientific and technological revolution; 6.3 Rich and poor, divergence and convergence; 6.4 The anthropocene; References; 7. Capitalism, finance and inequalities; 7.1 Capitalism and financial capitalism; 7.2 Financial capitalism in the USA
7.3 China's financial capitalism7.4 The European Union's financial capitalism; 7.5 Capitalism and democracy; Appendix -- Capital, profit and interest; References; 8. Global governance; 8.1 Proposals for the sustainability of the Earth system; 8.2 The international monetary and financial order; 8.3 World trade and global imbalances; 8.4 Global public finance; 8.5 Technologies and policies for the sustainability of the Earth system; 8.6 National democracy and supranational democracy; References; Index
Summary With the ending of the Cold War and the rise of a nationalistic 'America First' strategy, the post-war liberal international order, based upon the hegemonic power of the USA, is fading away. In its place, a multipolar world is emerging which, while offering some the hope of a better future, is also open to disorder and instability. This book offers an insight into the relationship between politics and economics in this new era. As an alternative, this volume argues for a form of global governance that will offer a better balance between politics and economics, based on a supranational approach. A supranational approach in which world powers and UN member states can work in agreement would follow the principle on which European political and economic integration was built. The system put forward here is based on a Keynesian world clearing union and a reform of the World Trade Organization and a United Nations budget, which would accelerate the convergence of rich and poor countries in the aim of a more sustainable global system. This book demonstrates that globalisations and today's ecological challenges are both a cause of social discontent and an opportunity. Supranational institutions can greatly increase our ability to address global risks, and this book shows how a 'supranational' world order could reduce the uncertainty of the transition from the post-war order to the future multipolar order. The supranational principle enables us to view globalisation, world capitalism and the ecological crisis not only as causes of inequality, poverty and social instability, but also as processes that can be governed. Wise politicians and political parties cannot let the future of humanity be decided by the precarious equilibrium of the Westphalia system. In post-war Europe a group of nation states, once fierce enemies, embarked on a process of integration which led to the abolition of inter-European national borders. With supranational global governance, the same could be achieved in the global system
Bibliography Includes bibliographical references and index
Notes Print version record
Subject International economic relations.
Supranationalism.
Globalization.
globalism.
BUSINESS & ECONOMICS -- International -- Economics.
economic integration.
globalisation.
globalization.
global economics.
multipolar world order.
political integration.
social instability.
supranational.
supranational institutions.
united nations.
world capitalism.
Globalization.
International economic relations.
Supranationalism.
Form Electronic book
ISBN 9781317235866
131723586X
9781317235859
9781317235842
1317235843
1317235851
1315626713
1138648000
9781315626710
9781138648005