INTRODUCTION 1
THE CLASSICS 1
THE ECONOMIC APPROACH Adam Smith, The Wealth of Nations 3
V. I. Lenin, Imperialism: The Highest Stage of Capitalism 7
THE Political APPROACH Alexander Hamilton, Report on Manufactures 11
MULTINATIONAL CORPORATIONS 15
THE ECONOMIC APPROACH Gerald Epstein, James Crotty, and Patricia Kelly, Winners and Losers in the Global Economics Game 17
THE POLITICAL APPROACH Robert Gilpin, U.S. Power and the Multinational Corporation 25
TRADE 35
THEE ECONOMIC APPROACH Cletus C. Coughlin, K. Alec Chrystal, and Geoffrey E. Wood, Protectionist Trade Policies: A Survey of Theory, Evidence and Rationale 37
Paul Krugman, Competitiveness: A Dangerous Obsession 51
INTRODUCTION 1
THE CLASSICS 1
THE ECONOMIC APPROACH Adam Smith, The Wealth of Nations 3
V. I. Lenin, Imperialism: The Highest Stage of Capitalism 7
THE Political- APPROACH Alexander Hamilton, Report on Manufactures 11
MULTINATIONAL CORPORATIONS 15
THE ECONOMIC APPROACH Gerald Epstein, James Crotty, and Patricia Kelly, Winners and Losers in the Global Economics Game 17
THE POLITICAL APPROACH Robert Gilpin, U.S. Power and the Multinational Corporation 25
TRADE 35
THEE ECONOMIC APPROACH Cletus C. Coughlin, K. Alec Chrystal, and Geoffrey E. Wood, Protectionist Trade Policies: A Survey of Theory, Evidence and Rationale 37
Paul Krugman, Competitiveness: A Dangerous Obsession 51
Bruno S. Frey, The Public Choice View of International Political Economy 59
THEE POLITICAL APPROACH Stephen D. Krasner, State Power and the Structure of International Trade 69
Joanne Gowa and Edward D. Mansfield, Power Politics and International Trade 79
Nikolaos Zahariadis, Why State Subsidies? Evidence from European Community Countries, 1981-1986 89
MONETARY RELATIONS 103
THE: ECONOMIC APPROACH Milton Friedman, The Case for Flexible Exchange Rates 105
THE POLITICAL APPROACH John B. Goodman and Louis W. Pauly, The Obsolescence of’ Capital Controls? Economic Management in an Age of Global Markets 113
SECURITY, DEVELOPMENT, AND THE STATE 127
THE ECONOMIC APPROACH Raimond Vernon, The Promise of Privatization 129
Alison Butler, Environmental Protection and Free Trade: Are They Mutually Exclusive? 137
THE POLITICAL APPROACH Michael T. Klare, Redefining Security: The New Global Schisms 147
Janet Welsh Brown, Population, Consumption, and the Path to Sustainability 157
DEMOCRACY AND THE FREE MARKET 167
THE ECONOMIC APPROACH Kenichi Ohmae, The End of the Nation State 169
THE POLITICAL APPROACH Stephan Haggard and Robert R. Kaufman, The Challenges of Consolidation 173