Rationalization and stabilization following the Asian financial crisis of the late 1990s combined with the expansion and liberalization of regional and global trade to create significant parts industries in China, Indonesia, and the Republic of Korea. Conventional policies of stabilization and...

Third World economies largely dependent on commodity exports other than oil have been the principal victims of the world recession. Attempts at restructuring international commodities regimes through the creation of the Common Fund have met with little success. Accordingly, the possibility of...

Negotiations for China's accession to the WTO provoked a debate between pessimists who believed that opening the economy would lead to a flood of imports and a de-nationalization of manufacturing industry, and those who believed that it would spur rationalization of state-owned enterprises, lock...

The adoption of the Global Value Chains framework by Multilateral Economic Institutions has led to the introduction of broader and more heterodox views of development into official discourses. When it comes to policy implications, however, the reports revert to an agenda that departs little from...

Combining history and theoretical approaches with contemporary issues and debates, Global Political Economy provides an authoritative introduction to this important subject. Expert contributors offer a diverse range of perspectives, as well as engaging insights into the relevance of global...

The expert contributors shed critical light on how significant developments are impacting on the global system. In particular, they consider emerging forms of global governance, and how the Asia-Pacific as a region, individual countries such as China, Japan, South Korea and the US, and regional...

Zheng explores how China's leaders have embraced globalization and market-oriented modernization. While they have been open to Western ideas in rebuilding the economic system, they have been reluctant to import Western concepts of democracy. The author argues that this selectivity will impede...