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Economic Discrimination and Political Exchange

World Political Economy in the 1930s and 1980s

Kenneth A. Oye

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Princeton University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Politikwissenschaft

Beschreibung

Did bilateral and regional bargaining choke off international commerce and finance in the 1930s and prolong the Great Depression? Is the open world economic system now being placed at risk by explicitly discriminatory practices that erode respect for the GATT, the IMF, and the IBRD? Most political economists would answer in the affirmative, warning that bilateral and regional preferences are at best inefficient and at worst catastrophic. By contrast, Kenneth Oye shows how economic discrimination can foster international economic openness by facilitating political exchange.

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Schlagwörter

Government budget balance, Policy, Free trade, Interest rate, Depreciation, Liberalization, Fiscal policy, Multilateralism, Bilateralism, Economic liberalization, Economy, Privatization, Export, Creditor, Spillover effect, Hegemonic stability theory, International organization, Gold standard, Tariff, International trade, Trade barrier, Devaluation, Expense, World economy, Cross Default, International relations, Nontariff Barrier, Openness, Price level, Debt, Pareto efficiency, Financial crisis, Market access, Recession, Balance of trade, Bargaining, Foreign trade of the United States, Negotiation, Export performance, Provision (accounting), Economic policy, Rational choice theory, Cost–benefit analysis, Exchange rate, Protectionism, Foreign policy, Economist, Currency, Monetary policy, Economic discrimination, Commercial policy, Deflation, International political economy, Extortion, International economics, The Problem of Social Cost, Politics, Discrimination, Externality, International finance, Economics, Supply (economics), Trade restriction, Bribery, Trade agreement, Macroeconomics, Payment, Political economy, Debtor, Trade diversion