Harry Blustein
- Published in print:
- 2015
- Published Online:
- May 2016
- ISBN:
- 9781784992897
- eISBN:
- 9781526104311
- Item type:
- book
- Publisher:
- Manchester University Press
- DOI:
- 10.7228/manchester/9781784992897.001.0001
- Subject:
- Political Science, Democratization
The ascent of globalisation captures the sweeping drama of postwar globalisation through intimate portraits of twenty of its key architects. These profiles provide insights into what inspired these ...
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The ascent of globalisation captures the sweeping drama of postwar globalisation through intimate portraits of twenty of its key architects. These profiles provide insights into what inspired these pioneers of globalisation — the beliefs they each imbibed in their youth, the formative experiences that shaped their ideas and their contributions to the global architecture. Engaging anecdotes and telling personal details, many of which have never been told, enliven each of the stories, as well as the behind-the-scenes dramas that accompanied the creation of institutions such as the World Bank, IMF, UN and World Trade Organization and the informal governance structures that are part of the postwar global architecture. Their legacies are critically examined, both their successes and their disappointments: a global financial system that is fragile and unstable; an international trading system that is unfair; the unintended consequences of largely unregulated transnational capital; and dysfunction that plagues institutions like the European Union and the United Nations. The book ends by examining what implications the flawed architecture may have for the future of globalisation.Less
The ascent of globalisation captures the sweeping drama of postwar globalisation through intimate portraits of twenty of its key architects. These profiles provide insights into what inspired these pioneers of globalisation — the beliefs they each imbibed in their youth, the formative experiences that shaped their ideas and their contributions to the global architecture. Engaging anecdotes and telling personal details, many of which have never been told, enliven each of the stories, as well as the behind-the-scenes dramas that accompanied the creation of institutions such as the World Bank, IMF, UN and World Trade Organization and the informal governance structures that are part of the postwar global architecture. Their legacies are critically examined, both their successes and their disappointments: a global financial system that is fragile and unstable; an international trading system that is unfair; the unintended consequences of largely unregulated transnational capital; and dysfunction that plagues institutions like the European Union and the United Nations. The book ends by examining what implications the flawed architecture may have for the future of globalisation.
Harry Blutstein
- Published in print:
- 2015
- Published Online:
- May 2016
- ISBN:
- 9781784992897
- eISBN:
- 9781526104311
- Item type:
- chapter
- Publisher:
- Manchester University Press
- DOI:
- 10.7228/manchester/9781784992897.003.0016
- Subject:
- Political Science, Democratization
While advances in transport and communications technology drove the first phase of globalisation (1870-1914), it fell prey to short-sighted policies pursued by the major powers. The lesson learned by ...
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While advances in transport and communications technology drove the first phase of globalisation (1870-1914), it fell prey to short-sighted policies pursued by the major powers. The lesson learned by internationalists, who would assume position of power during the Second World War, was that the postwar order would need to be protected by international institutions and rules. The prologue introduced three phases to the construction of the postwar architecture, around which the book is structured. Part I examines the emergence of the international global order, which saw the construction of the UN, IMF, World Bank and European Union. Next came the neoliberal global order in which the markets for goods, services and capital were opened up. Finally, in response to the unintended consequences of neoliberal globalism, the UN and its agencies worked with transnational corporations to implement policies and programmes to give markets a human face. By the twenty-first century, no single blueprint emerged, and these three models coexisted, sometimes uncomfortably.Less
While advances in transport and communications technology drove the first phase of globalisation (1870-1914), it fell prey to short-sighted policies pursued by the major powers. The lesson learned by internationalists, who would assume position of power during the Second World War, was that the postwar order would need to be protected by international institutions and rules. The prologue introduced three phases to the construction of the postwar architecture, around which the book is structured. Part I examines the emergence of the international global order, which saw the construction of the UN, IMF, World Bank and European Union. Next came the neoliberal global order in which the markets for goods, services and capital were opened up. Finally, in response to the unintended consequences of neoliberal globalism, the UN and its agencies worked with transnational corporations to implement policies and programmes to give markets a human face. By the twenty-first century, no single blueprint emerged, and these three models coexisted, sometimes uncomfortably.
Frédéric Grare
- Published in print:
- 2017
- Published Online:
- December 2017
- ISBN:
- 9780190859336
- eISBN:
- 9780190872595
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190859336.003.0009
- Subject:
- Political Science, International Relations and Politics
India’s attempt to join the process of regional integration was marked by ambivalence. India did bypass its own region to seek integration in the adjacent one, ignoring SAARC to seek membership in ...
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India’s attempt to join the process of regional integration was marked by ambivalence. India did bypass its own region to seek integration in the adjacent one, ignoring SAARC to seek membership in some of the ASEAN led institutions. Operating by consensus through non-binding agreements, ASEAN-centered regionalism suited India’s needs for recognition and protected it against the negative repercussions of regional tensions while preventing the rise of potential regional hegemonys. Through its participation in a regional security architecture led by ASEAN rules, India established a normative buffer while being able to influence decisions. However, ASEAN’s centrality (i.e.; consensus based and a unanimous position reflecting common strategic vision) is gradually being eroded by US-China proxy struggle for influence, eroding the foundation of India’s relations with ASEAN, as it may draw New Delhi into the zero-sum game situation it has so far tried to avoid.Less
India’s attempt to join the process of regional integration was marked by ambivalence. India did bypass its own region to seek integration in the adjacent one, ignoring SAARC to seek membership in some of the ASEAN led institutions. Operating by consensus through non-binding agreements, ASEAN-centered regionalism suited India’s needs for recognition and protected it against the negative repercussions of regional tensions while preventing the rise of potential regional hegemonys. Through its participation in a regional security architecture led by ASEAN rules, India established a normative buffer while being able to influence decisions. However, ASEAN’s centrality (i.e.; consensus based and a unanimous position reflecting common strategic vision) is gradually being eroded by US-China proxy struggle for influence, eroding the foundation of India’s relations with ASEAN, as it may draw New Delhi into the zero-sum game situation it has so far tried to avoid.
Frédéric Grare
- Published in print:
- 2017
- Published Online:
- December 2017
- ISBN:
- 9780190859336
- eISBN:
- 9780190872595
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190859336.001.0001
- Subject:
- Political Science, International Relations and Politics
India Turns East tells the story of India’s long and difficult journey to reclaim its status in a rapidly changed environment increasingly shaped by the US-China rivalry and the uncertainties of US ...
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India Turns East tells the story of India’s long and difficult journey to reclaim its status in a rapidly changed environment increasingly shaped by the US-China rivalry and the uncertainties of US commitment to Asia’s security. The so-called Look East Policy initially aimed at reconnecting India with Asia’s economic globalization. As China becomes more assertive, Look East has rapidly evolved into a comprehensive strategy with political and military dimensions which, together with favourable circumstances, have gradually allowed for a closer relationship with the United States. But the book argues that despite this rapprochement, the congruence of Indian and US objectives regarding China is not absolute. The two countries share similar concerns, but differ about the role China should play in the emerging regional architecture. Moreover, though bilateral US policies are usually perceived positively in New Delhi, paradoxically, the multilateral dimension of the US Rebalance to Asia policy sometimes pushes New Delhi closer to Beijing’s positions than to Washington’s. The asymmetry of power between the United States and India and their geographic separation make the persistence of significant divergences inevitable. The challenge for India is to reinvent the concept of strategic autonomy — defined as a position allowing India to leverage US capacities while avoiding being drawn into a zero-sum game between the US and China — but it will ultimately be able to do so only if it does make itself more attractive. Economic reforms are a key to India relationships with both the US and China.Less
India Turns East tells the story of India’s long and difficult journey to reclaim its status in a rapidly changed environment increasingly shaped by the US-China rivalry and the uncertainties of US commitment to Asia’s security. The so-called Look East Policy initially aimed at reconnecting India with Asia’s economic globalization. As China becomes more assertive, Look East has rapidly evolved into a comprehensive strategy with political and military dimensions which, together with favourable circumstances, have gradually allowed for a closer relationship with the United States. But the book argues that despite this rapprochement, the congruence of Indian and US objectives regarding China is not absolute. The two countries share similar concerns, but differ about the role China should play in the emerging regional architecture. Moreover, though bilateral US policies are usually perceived positively in New Delhi, paradoxically, the multilateral dimension of the US Rebalance to Asia policy sometimes pushes New Delhi closer to Beijing’s positions than to Washington’s. The asymmetry of power between the United States and India and their geographic separation make the persistence of significant divergences inevitable. The challenge for India is to reinvent the concept of strategic autonomy — defined as a position allowing India to leverage US capacities while avoiding being drawn into a zero-sum game between the US and China — but it will ultimately be able to do so only if it does make itself more attractive. Economic reforms are a key to India relationships with both the US and China.
