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This comprehensive collection documents the major processes, performance, institutions, problems and policies associated with global political economy. For the first time in a single volume, the authors present a detailed analysis of the changing distribution and production of wealth throughout the world, different measures of performance, the global technological revolution, long waves in the world economy and a special study of Asia and Eastern Europe in the world system.
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ii Global Political Economy and the Wealth of Nations The recent era of globalization and neoliberalism has left some predicting the end of traditional concepts such as the nation state and localized economies. This volume undertakes a comparative empirical analysis of the state of the world in the light of neoliberal globalization. Special reference is given to the pattern and nature of GDP, productivity, innovation, quality of life, human development, social capital and environmental performance, as well as trends and prognoses in Asia, Eastern Europe, Africa, America, and Oceania. The book also examines international institutions such as the WTO, the IMF, transnational corporations and the gender division of labour, and modern problems such as pollution, financial crises, ethnic tension, terrorism and war. It is a comprehensive analysis of global capitalism and a reassessment of policy trends. Readers with an interest in international political economy, development economics, international politics and economics generally will find this to be a timely and informative volume for their book collection. Phillip Anthony O’Hara is Director of the Global Political Economy Research Unit and Associate Professor at Curtin University, Australia. He has written and edited several other books, including the Encyclopedia of Political Economy, also published by Routledge. Routledge frontiers of political economy 1 Equilibrium Versus Understanding Towards the rehumanization of economics within social theory Mark Addleson 2 Evolution, Order and Complexity Edited by Elias L. Khalil and Kenneth E. Boulding 3 Interactions in Political Economy Malvern after ten years Edited by Steven Pressman 4 The End of Economics Michael Perelman 5 Probability in Economics Omar F. Hamouda and Robin Rowley 6 Capital Controversy, Post Keynesian Economics and the History of Economics Essays in honour of Geoff Harcourt, volume one Edited by Philip Arestis, Gabriel Palma and Malcolm Sawyer 7 Markets, Unemployment and Economic Policy Essays in honour of Geoff Harcourt, volume two Edited by Philip Arestis, Gabriel Palma and Malcolm Sawyer 8 Social Economy The logic of capitalist development Clark Everling 9 New Keynesian Economics/Post Keynesian Alternatives Edited by Roy J. Rotheim 10 The Representative Agent in Macroeconomics James E. Hartley 11 Borderlands of Economics Essays in honour of Daniel R. Fusfeld Edited by Nahid Aslanbeigui and Young Back Choi 12 Value, Distribution and Capital Essays in honour of Pierangelo Garegnani Edited by Gary Mongiovi and Fabio Petri 13 The Economics of Science Methodology and epistemology as if economics really mattered James R. Wible 14 Competitiveness, Localised Learning and Regional Development Specialisation and prosperity in small open economies Peter Maskell, Heikki Eskelinen, Ingjaldur Hannibalsson, Anders Malmberg and Eirik Vatne 15 Labour Market Theory A constructive reassessment Ben J. Fine 16 Women and European Employment Jill Rubery, Mark Smith, Colette Fagan and Damian Grimshaw 17 Explorations in Economic Methodology From Lakatos to empirical philosophy of science Roger Backhouse 18 Subjectivity in Political Economy Essays on wanting and choosing David P. Levine 19 The Political Economy of Middle East Peace The impact of competing trade agendas Edited by J.W. Wright, Jnr 20 The Active Consume