This text not only helps students understand the fundamentals of how the global economy works but also encourages them to use theory to more fully grasp the connections between key issue areas like trade and development. Written by a leading IPE scholar, Global Political Economy equally emphasizes theory and practice to provide a framework for analyzing current events and long-term developments in the global economy.

PART I. Introduction and Overview 1. Introduction 2. Managing the Global Economy since World War II: The Institutional Framework PART II. Theoretical Perspectives 3. The Realist Perspective 4. The Liberal Perspective 5. Critical Perspectives PART III. The Issue Areas 6. International Monetary Relations 7. Global Trade Relations 8. Regionalism and the Global Trade Regime 9. Multinational Corporations and Global Production10. International Development 11. Foreign Debt and Financial Crises PART IV. Concluding Comments12. Current Trends in the Global Political Economy