Global Capitalism: Its Fall and Rise in the Twentieth Century

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9780393058086: Global Capitalism: Its Fall and Rise in the Twentieth Century

"Magisterial history...one of the most comprehensive histories of modern capitalism yet written."--New York Times Book Review

In 1900 international trade reached unprecedented levels and the world's economies were more open to one another than ever before. Then as now, many people considered globalization to be inevitable and irreversible. Yet the entire edifice collapsed in a few months in 1914.Globalization is a choice, not a fact. It is a result of policy decisions and the politics that shape them. Jeffry A. Frieden's insightful history explores the golden age of globalization during the early years of the century, its swift collapse in the crises of 1914-45, the divisions of the Cold War world, and the turn again toward global integration at the end of the century. His history is full of character and event, as entertaining as it is enlightening.

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About the Author:

Jeffry A. Frieden is Professor of Government at Harvard University. He specializes in the politics of international monetary and financial relations. Frieden is the author of Currency Politics: The Political Economy of Exchange Rate Politics and (with Menzie Chinn) of Lost Decades: The Making of America’s Debt Crisis and the Long Recovery. His previous books include Global Capitalism: Its Fall and Rise in the Twentieth Century; Debt, Development, and Democracy: Modern Political Economy and Latin America, 1965–1985; and Banking on the World: The Politics of American International Finance. He is also the co-author or co-editor of many other books on related topics. His articles on the politics of international economic issues have appeared in a wide variety of scholarly and general interest publications.

Review:

"Extensive, lucid and erudite....an immaculately told story.... absolutely essential reading....superlative history of the past 130 years." -- Journal of International Economics

"essential reading for anyone who wants to understand the history of globalisation from 1870 to the present" -- Irish Independent, May 13, 2006

"lucid and fast-flowing....a tour de force" -- Finance and Development, September 2006

"pioneering....lively and readable....excels at providing the political background to economic policymaking" -- Journal of Economic History, September 2006

Frieden has a wonderful way of weaving together politics and economics...in an accessible narrative. -- The Washington Post, April 2, 2006

Magisterial...one of the most comprehensive histories of modern capitalism yet written...a clear, detailed account. -- The New York Times Book Review, March 5, 2006

[M]oves along almost effortlessly, from one set of triumphs and disasters to the next. -- David Warsh, Economic Principals April 9, 2006

a rewarding survey of 20th-century economic history....[A] definitive account of globalization. -- Boston Magazine, February 2006

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