The Economic Government of the World Catalogue en ligne

history ; economic history ; Great Depression ; world economy ; Bretton Woods ; commercial policy ; monetary system ; employment ; international trade ; Europe ; United States ; nationalism ; economic development ; Cold War ; Washington Consensus ; monetary union ; Euro ; Neo-Liberalism ; globalization

Résumé :

4th cover on publisher's website:
"An epic history of money, trade and development since 1933
In 1933, Keynes reflected on the crisis of the Great Depression that arose from individualistic capitalism: 'It is not intelligent, it is not beautiful, it is not just, it is not virtuous - and it doesn't deliver the goods ... But when we wonder what to put in its place, we are extremely perplexed.' We are now in a similar state of perplexity, wondering how to respond to the economic problems of the world.
Martin Daunton examines the changing balance over ninety years between economic nationalism and globalization, explaining why one economic order breaks down and how another one is built, in a wide-ranging history of the institutions and individuals who have managed the global economy. In 1933, the World Monetary and Economic Conference brought together the nations of the world: it failed. Trade and currency warfare led to economic nationalism and a turn from globalization that culminated in war. During the Second World War, a new economic order emerged - the embedded liberalism of Bretton Woods, the International Monetary Fund and the International Bank for Reconstruction and Development - and the post-war General Agreement on Tariffs and Trade. These institutions and their rules created a balance between domestic welfare and globalization, complemented by a social contract between labour, capital and the state to share the benefits of economic growth.
Yet this embedded liberalism reflected the interests of the 'west' in the Cold War: in the 1970s, it faced collapse, caused by its internal weaknesses and the breakdown of the social contract, and was challenged by the Third World as a form of neo-colonialism. It was succeeded by neoliberalism, financialisation and hyper-globalization. In 2008, the global financial crash exposed the flaws of neoliberalism without leading to a fundamental change. Now, as leading nations are tackling the fall-out from Covid-19 and the threats of inflation, food security and the existential risk of climate change, Martin Daunton calls for a return to a globalization that benefits many of the world's poor and a fairer capitalism that delivers domestic welfare and equality.
The Economic Government of the World is the first history to show how trade, international monetary relations, capital mobility and development impacted on and influenced each other. Martin Daunton places these economic relations in the geo-political context of the twentieth century, and considers the importance of economic ideas and of political ideology, of electoral calculations and institutional design. The book rests on extensive archival research to provide a powerful analysis of the origins of our current global crisis, and suggests how we might build a fairer international order."

Note de contenu :

PART ONE. Responding to the Great Depression
‘The establishment of a sound national economy’: The Politics of the Great Depression
‘Barren harvest’: The World Monetary and Economic Conference, 1933
‘Beggar my neighbour’: The Failures of the World Economy, 1933-39
‘Escaping from backwardness’: Strategies of Development

PART TWO. The Bretton Woods Era
‘Handling the English’: Lend Lease, Commercial Policy and Sterling Balances
‘A firm foundation’: Reforming the monetary system
‘An integrated program’: Food, Employment and Commodities
‘The threshold of the future’: the Bretton Woods Agreement
‘A financial Dunkirk’: The United States, Britain and Germany
‘Happier relations between all countries’: The Failure of the International Trade Organization
‘Convertible currencies in the free world’: Sterling and Europe
‘Damn it, we’re a bank’: Contesting Development
‘A common detestation of colonialism’: Development, Nationalism and the Cold War
‘Competitive cooperation’: The Kennedy Round, the United Rates and the Common Market
‘Progress towards self-sustaining growth’: The Development Decade

PART THREE. Washington Consensus
‘Trying to live with an anomaly’: The Limits of Bretton Woods
‘Benign neglect’: Closing the Gold Window
‘Music without any Middle C’: The Floating World
‘A trade union of the poor’: The New International Economic Order and the Limits to Growth
‘Expansion of economic freedom’: The Rise of Market Liberalism
‘Market fundamentalism’: The Washington Consensus and Financial Liberalization
‘Rules-based system’: Creating the World Trade Organization
‘Setting the bird free’: Economies in Transition
‘Eurofantasies’: From Economic and Monetary Union to the Euro

PART FOUR. Beyond Neo-Liberalism
‘Behaving badly’: The Global Financial Crisis
‘Messy multilateralism’: Nationalism versus Globalism
‘Fair Capitalism and Globalization: The Way Ahead

En ligne :

https://www.penguin.co.uk/books/56689/the-economic-government-of-the-world-by-daunton-martin/9781846141713

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