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Preface. I. INTRODUCTION AND OVERVIEW. 1. Introduction. What IsInternational Political Economy? Why Is International Political Economya Relatively New Area of Study? The Purpose and Themes of This Book.The IPE Theoretical Perspectives. Focus of This Book. 2. Managing theGlobal Economy Since World War II: The Institutional Framework. GlobalEconomic Relations Before World War II. The Functions of the IMF, theWorld Bank, and GATT. The International Economic Organizations and theUnited Nations. Postwar Economic Institutions and the AdvancedIndustrial States. Postwar Economic Institutions and the Third World.Postwar Economic Institutions and the Centrally Planned Economies.Postwar Economic Institutions and the Gender Issue. Conclusion. II. THETHEORETICAL PERSPECTIVES. 3. The Realist Perspective. Basic Tenets ofthe Realist Perspective. The Mercantilists. Realism and the IndustrialRevolution. Realism in the Interwar Period. Realism in the Post-WorldWar II Period. The Revival of Realist International Political Economy.Hegemonic Stability Theory. Realism and North-South Relations. Critiqueof the Realist Perspective. 4. The Liberal Perspective. Basic Tenets ofthe Liberal Perspective. Orthodox Liberalism. The Influence of the JohnMaynard Keynes. Liberalism in the Postwar Period. A Return to OrthodoxLiberalism. Liberalism and Institutions. Liberalism andDomestic-International Interactions. Liberalism and North-SouthRelations. Critique of the Liberal Perspective. 5. The HistoricalStructuralist Perspective. Basic Tenets of the Historical StructuralistPerspective. Karl Marx and International Political Economy. MaristStudies of Imperialism. Dependency Theory. Whither the HistoricalStructuralist School of IPE? Conclusion. III. THE ISSUE AREAS. 6.International Monetary Relations. The Balance of Payments. GovernmentResponse to a Balance-of-Payments Deficit. International MonetaryRelations Before Bretton Woods. The Formation of the Bretton WoodsMonetary Regime. The International Monetary Fund. The Functioning ofthe Bretton Woods Monetary Regime. The Regime of Floating (or Flexible)Exchange Rates. One Monetary Regime, Two, or Three? European MonetaryRelations. The Role of the Japanese Yen. Conclusion. 7. Foreign Debt.What Is a Debt Crisis? The Origins of the 1980s Debt Crisis. TheForeign Debt Regime. Strategies to Deal with the 1980s Debt Crisis. TheEmerging Economies and Foreign Debt. The Debt Crisis and the ChangingRoles of the IMF and the World Bank. The IMF, the World Bank, and theDebtor Countries. Conclusion. 8. Global Trade Relations. Trade Theory.Global Trade Relations Before World War II. GATT and the Postwar GlobalTrade Regime. Principles of the Global Trade Regime. Formation of theWorld Trade Organization. The Third World and Global Trade Issues. TheEmerging Economies and Global Trade Relations. Conclusion. 9.Regionalism and Global Trade Regime. Regionalism and Globalization. AHistorical Overview of Regional Integr