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Global capitalism : its fall and rise in the twentieth century

Jeffry A. Frieden

Frieden traces the history of globalization from the late 1800s to the present, telling us, "Global economy and culture form a nearly seamless web in which the national boundaries are increasingly irrelevant to trade, investment, finance and other economic activity." Globalization is a choice formed by politics and policy decisions. It is now considered the norm, a fact of life that will continue. However, the author points out that this was also true from the end of the 1800s to 1914 and the start of World War I. The foundations of pre-existing global economic order disintegrated, re-emerging in the 1970s but not thriving until the 1990s. International integration usually expands economic opportunities and benefits society, but global capitalism, which does not address those ill-treated by world markets (e.g., the unemployed, the poor, children and the elderly), has driven societies toward conflict and class warfare. This is an excellent, readable history of globalization with important lessons for our society today.

2006

xvii, 556 p. ; 25 cm.

Into the twentieth century -- I: Last best years of the golden age, 1896-1914. Global capitalism triumphant -- Defenders of the global economy -- Success stories of the golden age -- Failures of development -- Problems of the global economy -- II: Things fall apart, 1914-1939. "All that is solid melts into air..." -- The world of tomorrow -- The established order collapses -- The turn to Autarky -- Building a social democracy -- III: Together again, 1939-1973. Reconstruction east and west -- The Bretton Woods system in action -- Decolonization and development -- Socialism in many countries -- The end of Bretton Woods -- IV: Globalization, 1973-2000. Crisis and change -- Globalizers victorious -- Countries catch up -- Countries fall behind -- Global capitalism troubled.

International economic relations -- History -- 20th century.

Capitalism -- History -- 20th century.

Globalization -- Economic aspects -- History -- 20th century.

International finance -- History -- 20th century.

Economic history -- 20th century.

Table of contents http://www.loc.gov/catdir/toc/ecip0518/2005024357.html

Frieden traces the history of globalization from the late 1800s to the present, telling us, "Global economy and culture form a nearly seamless web in which the national boundaries are increasingly irrelevant to trade, investment, finance and other economic activity." Globalization is a choice formed by politics and policy decisions. It is now considered the norm, a fact of life that will continue. However, the author points out that this was also true from the end of the 1800s to 1914 and the start of World War I. The foundations of pre-existing global economic order disintegrated, re-emerging in the 1970s but not thriving until the 1990s. International integration usually expands economic opportunities and benefits society, but global capitalism, which does not address those ill-treated by world markets (e.g., the unemployed, the poor, children and the elderly), has driven societies toward conflict and class warfare. This is an excellent, readable history of globalization with important lessons for our society today.

9780393329810

New York : W.W. Norton, c2006.