Phoenix Risen: The Resurrection of Global Finance

1996 ◽  
Vol 48 (2) ◽  
pp. 268-296 ◽  
Author(s):  
Benjamin J. Cohen

Of all the many changes of the world economy since World War II, few have been nearly so dramatic as the resurrection of global finance. A review of five recent books suggests considerable diversity of opinion concerning both the causes and the consequences of financial globalization, leaving much room for further research. Competing historical interpretations, stressing the contrasting roles of market forces and government policies, need to be reexamined for dynamic linkages among the variables they identify. Likewise, impacts on state policy at both the macro and micro levels should be explored more systematically to understand not just whether constraints may be imposed on governments but also how and under what conditions, and what policymakers can do about them. Finally, questions are also raised about implications for the underlying paradigm conventionally used for the study of international political economy and international relations more generally.

Author(s):  
Eiiti Sato

Since the exchange of goods, services, and capital became a worldwide system some nations have succeeded becoming wealthy and prosperous while many others have failed remaining in poverty. Over the last three decades the dynamism of the increasing integrated world economy became an essential part of the process of economic growth, and as a consequence growth has been meager in countries like Brazil whose authorities have remained systematically hesitant to integrate the domestic markets into the world economy, staying apart from the main flows of trade and capital. The article discusses also why economic development studies has moved from the field of Economy to the field of International Relations forming the area of International Political Economy studies which is mainly driven to understand the trends and changes in the relationship between the state institutions and the market forces in the national and international levels. The essay concludes that to any country the process of integrating into the world economy means exploring and improving national potentialities rather than abandoning national identity and interests. 


2019 ◽  
Author(s):  
Sasikala Sankaran ◽  
Hasnah Haron ◽  
Teoh Ai Ping ◽  
Yuvaraj Ganesan

This article seeks to reflect on the background of Competition Act 2010 of Malaysia by taking a step by step view on the many initiatives undertaken by various world bodies from post-World War II era in reviving and rebuilding the world economy to present days involving the competition agenda of the nation. In doing so, this article intends to emphasize on the perseverance and continuous efforts made over the decades in ensuring the nation finally had established the Act and the unceasing continuous efforts in forming ethical business environment with healthy competition stay as part Government of Malaysia’s initiatives.


Author(s):  
Leonard V. Smith

We have long known that the Paris Peace Conference of 1919 “failed” in the sense that it did not prevent the outbreak of World War II. This book investigates not whether the conference succeeded or failed, but the historically specific international system it created. It explores the rules under which that system operated, and the kinds of states and empires that inhabited it. Deepening the dialogue between history and international relations theory makes it possible to think about sovereignty at the conference in new ways. Sovereignty in 1919 was about remaking “the world”—not just determining of answers demarcating the international system, but also the questions. Most histories of the Paris Peace Conference stop with the signing of the Treaty of Versailles with Germany on June 28, 1919. This book considers all five treaties produced by the conference as well as the Treaty of Lausanne with Turkey in 1923. It is organized not chronologically or geographically, but according to specific problems of sovereignty. A peace based on “justice” produced a criminalized Great Power in Germany, and a template problematically applied in the other treaties. The conference as sovereign sought to “unmix” lands and peoples in the defeated multinational empires by drawing boundaries and defining ethnicities. It sought less to oppose revolution than to instrumentalize it. The League of Nations, so often taken as the supreme symbol of the conference’s failure, is better considered as a continuation of the laboratory of sovereignty established in Paris.


Author(s):  
Alexander Naumov

This article reviews the role of Anglo-German Naval Agreement of 1935 in escalation of crisis trends of the Versailles system. Leaning on the British Russian archival documents, which recently became available for the researchers, the author analyzes the reasons and consequences of conclusion of this agreement between the key European democratic power and Nazi Reich. Emphasis is placed on analyzing the moods within the political elite of the United Kingdom. It is proven that the agreement became a significant milestone in escalation of crisis trends in the Versailles model of international relations. It played a substantial role in establishment of the British appeasement policy with regards to revanchist powers in the interbellum; policy that objectively led to disintegration of the created in 1919 systemic mechanism, and thus, the beginning of the World War II. The novelty of this work is substantiated by articulation of the problem. This article is first within the Russian and foreign historiography to analyze execution of the Anglo-German Naval Agreement based on the previously unavailable archival materials. The conclusion is made that this agreement played a crucial role in the process of disintegration of interbellum system of international relations. Having officially sanctioned the violation of the articles of the Versailles Treaty of 1919 by Germany, Great Britain psychologically reconciled to the potential revenge of Germany, which found reflection in the infamous appeasement policy. This launched the mechanism for disruption of status quo that was established after the World War I in Europe. This resulted in collapse of the architecture of international security in the key region of the world, rapid deterioration of relations between the countries, and a new world conflict.


Author(s):  
Walter A. Friedman

Throughout history, and particularly since World War II, American business has held a real and symbolic role in the world economy. The conclusion looks at the reasons behind this: an intermittently regulated business environment; a focus on innovation and regeneration and a comparative lack of stigma attached to failure; and the “American Dream” of democratic entrepreneurship, which has attracted new people and perspectives throughout history. While social and economic freedom is inaccessible to many, the idea of it has been a powerful incentive to encourage risk-taking people, from both America and around the world, to pursue opportunities in America—and enough have succeeded there to encourage others.


2014 ◽  
Vol 2 ◽  
Author(s):  
Jane Powell

At the end of World War II, Japan, as well as the rest of the world, was thrust into a new age of unbelievably destructive possibilities: the first use of nuclear weapons against human beings. Not only could such a bomb flatten an entire city, it could do so in only an instant. The poorly understood scars that were left showed a new level of war that the world needs to come to terms with. By considering the many medical effects of the atomic bomb on the victims of Hiroshima City, which encompasses the initial blast, radiation, and traumatic effects, we can gain a better understanding of the terrible costs of human health in nuclear war.


Author(s):  
Nancy Shoemaker

This epilogue addresses how David Whippy, Mary D. Wallis, and John B. Williams—as they pursued respect in different ways—became party to the many changes taking place in Fiji due to foreign influence. Whippy, Wallis, and Williams were all involved, in one way or another, in the U.S.–Fiji trade. In the twentieth century, new incentives enticed Americans to Fiji. American global activism and private development schemes involved Fiji as much as other places around the world, and medical aid and research sponsored by the Rockefeller Foundation and a Carnegie Library at Suva introduced new forms of American influence in the islands. World War II, of course, brought Americans to the islands in droves. However, the main avenue by which Americans would come to Fiji was through the third wave of economic development that succeeded the sugar plantations of colonial Fiji: tourism. Now that the face of Fiji presented to the rest of the world evokes pleasure instead of fear, references to the cannibal isles have become nothing more than a nostalgic nod to Fiji's past. Previously considered a site of American wealth production, the islands have now become a site of American consumption.


1970 ◽  
pp. 20-31
Author(s):  
V. Pavlenko

The article examines the development of the crisis manifestations of the Versailles system on the eve of World War II. Special attention is paid to how and under what circumstances the preparation and signing of the Munich Agreement took place. It is noted that the emergence of Nazi Germany’s European politics at the forefront undoubtedly stimulated a whole range of interstate contradictions. This led to a decrease in the stability of the Versailles system. The manifestations of the reaction of the great powers to the aggressive policy of Berlin are analyzed and attention is focused on the fact that the policy of appeasement was erroneous and led to the aggravation of the Versailles system crisis in the late 30s XX century. This study emphasizes that as a result of the policy of appeasement, the balance of forces on the continent changes dramatically, and the signing of the Munich Agreement in September 1938 was decisive in the development of the Versailles system crisis and determined the beginning of the collapse of this model of international relations. It was stated that the Western democracies did not understand the essence of dictatorial regimes, and such a misunderstanding led not only to the collapse of the international system, but also to the beginning of the World War II


Author(s):  
D. A. Kryachkov

Chair of English Language № 1 considers itself the successor of the English Language Chair, established at the Faculty of International Relations at the Moscow State University during the World War II. After the Faculty was reformed into MGIMO the Department of English Language began to grow rapidly. Members of the chair develop textbooks and teaching materials designed to provide competence-based approach in the education in field of international affairs, the development of the professional proficiency in English, which are necessary for future participants of our foreign policy. To date, the chair staff consists of 60 professionals, including 26 PhDs. Teachers of the department also conduct research and take part in educational conferences both in Russia and abroad, including those devoted to the professional foreign language communication. Members of the chair also publish scientific articles in this field.


Sign in / Sign up

Export Citation Format

Share Document