Synopsis
Hudson is one of the tiny handful of economic thinkers in today's world who are forcing us to look at old questions in startling new ways. Alvin Toffler, best-selling author of Future Shock and The Third WaveThis new and updated edition of Michael Hudson's classic political economy text explores how and why the US came to achieve world economic hegemony.Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American economic strategy during a key period in world history. In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating a New International Economic Order (NIEO). This aimed to improve the terms of trade for raw materials and build up agicultural and industrial self-sufficiency. Global Fracture shows how the US undermined this progressive initiative and instead pushed for financial dominance over the rest of the world. Today, the NIEO is a forgotten interlude, its optimism replaced by the financial austerity imposed by the IMF and the World Bank.Exploring how America achieved its economic aims, and tracing the implications this has had through subsequent decades, Michael Hudson covers various topics including trade embargoes, changing US attitudes to foreign aid, the rise of protectionism, government regulation of international investments, the impact on specific industries including the oil industry, the implications of the new economic order and the future of war.
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About the Author
Michael Hudson is an independent Wall Street financial economist. After working as an economist for the Chase Manhattan Bank and Arthur Anderson in the 1960s he taught international finance at the New School in New York, and is presently Distinguished Professor of Economics at the University of Missouri (Kansas City). He has published widely on the topic of the US’s financial dominance, and has been an economic adviser to the Canadian, Mexican, Russian and US governments, and to the United Nations Institute for Training and Research. His previous book for Pluto Press is Super Imperialism - New Edition (2003).
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Global Fracture: The New International Economic order
Seller: Midtown Scholar Bookstore, Harrisburg, PA, U.S.A.
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Hardcover. Condition: Good. Good - Bumped and creased book with tears to the extremities, but not affecting the text block, may have remainder mark or previous owner's name - GOOD Standard-sized. Seller Inventory # M0745323952Z3