Geopolitical Economy: After US Hegemony, Globalization and by Radhika Desai

By Radhika Desai

Geopolitical Economy radically reinterprets the ancient evolution of the area order, as a multi-polar global emerges from the airborne dirt and dust of the monetary and monetary crisis.

Radhika Desai deals a thorough critique of the theories people hegemony, globalisation and empire which dominate educational foreign political economic system and diplomacy, revealing their ideological origins in successive failed US makes an attempt at international dominance in the course of the dollar. 

Desai revitalizes progressive highbrow traditions which mix category and nationwide views on ‘the kinfolk of manufacturing nations’. At a time of world upheavals and profound shifts within the distribution of global power, Geopolitical Economy forges a vibrant and compelling account of the old procedures that are shaping the modern overseas order.

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The planned ironic account of globalization could no longer be based on HST but had to take it, and its epigone, ‘empire’, on in a fuller account of the evolution of the world order and the evolving positions, practices and ideologies of the United States in it. This was just as well, because I could now round out the account by discussing empire too – the credibility it derived from HST and its dangerously contradictory political economy which took financialization to new heights. Given that the literatures on empire and financialization exist in separate silos, this connection was worth emphasizing.

In the United States the banks also poured billions into resisting the implementation of the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act, which would re-regulate finance and impose, inter alia, the ‘Volcker rule’ that banks under federal deposit insurance be prevented from proprietary trading. Part of this continuity must be attributed to the lack of widespread mobilization against austerity except where it was particularly acute, as in Greece. After all, wresting worthwhile reforms, let alone revolutions, from crises requires organized parties and movements capable of taking the opportunities that crises proverbially offer.

Only parts that remained in use stuck out in view. g. Löwy, 1981). g. Smith, 1990). g. Deyo, 1987; Wade, 1990; Berger and Dore, 1996; Amsden, 1992; Woo-Cumings, 1999). As I pulled UCD out of this mire, its basis in Marx and Engels’s writing was exposed to view. Cleaning it up and overhauling it so it could once again be put it to explanatory work on later twentieth-century and early twenty-first-century developments involved fitting it with carefully chosen modern trappings – Keynes, Polanyi, the largely non-Marxist developmental state literature and Robert Brenner’s economic history.

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