Description
Book SynopsisThe Downfall of the American Order? offers penetrating insight into the emerging global political economy at this moment of an increasingly chaotic world.
For seventy-five years, the basic patterns of world politics and the contours of international economic activity took place in the shadow of American leadership and the institutions it designedan order designed to avoid the horrors of previous eras, including, most poignantly, two world wars and the Great Depression.
But all things must pass. The global financial crisis of 2008, the legacy of two long, losing wars, and the polarizing and tumultuous presidency of Donald Trump all suggest that global affairs have reached a turning point. The implications of this are profound.
The contributors to this book cast their eyes back on the order that once was, and look ahead to what might follow. In dialogue with each other''s appraisals and expectations, they differ in their assessments of the prob
Trade Review
This engaging collection of essays brings distinguished scholars of political economy together to explore the changing faces of economic liberalism within the U.S.-led postwar international order.The value of this volume is[...] in the richness of the debate about how orders, liberal and otherwise, are shaped and reshaped.
* Foreign Affairs *
Collectively, the contributions amount to a sophisticated and accessible analysis of the international political economy issues of our time. The contributors seem to share sympathies for embedded liberalism, so those searching for more radical perspectives should look elsewhere. Readers are left with a profound understanding of the liberal order's genesis, design, pitfalls, alterations and current challenges, and its possible futures.
* International Affairs *
[T]he book is a welcome addition to the scholarship grappling with the fate of the (eroding?) liberal international order today.
* Choice *
Table of ContentsIntroduction, by Jonathan Kirshner and Peter J. Katzenstein
1. Keynes and the Elusive Middle Way, by Jonathan Kirshner
2. The End of Social Purpose? Great Transformations of American Order, by Mark Blyth
3. The Construction of Compromise and the Rise and Fallof Global Orders, by Peter Gourevitch
4. The Social Democratic Order and the Rise and Decay of Democracy in Western Europe, by Sheri Berman
5. California Dreaming: The Crisis and Rebirth of American Power in the 1970s and Its Consequences for World Order, by Francis J. Gavin
6. Of Learning and Forgetting: Centrism, Populism, and the Legitimacy Crisis of Globalization, by Rawi Abdelal
7. Post-American Moments in Contemporary Global Financial Governance, by Ilene Grabel
8. Corporate Globalization and the Liberal Order: Disembedding and Reembedding Governing Norms, by John Gerard Ruggie
9. Liberalism's Antinomy: Endings as Beginnings?, by Peter J. Katzenstein
