The challenge of global capitalism: the world economy in the 21st century

«The Challenge of Global Capitalism describes the opportunities, the complexities, and the risks inherent in the globalized economy with the clarity and breadth of analysis characteristic of Robert Gilpin. His cool and balanced appraisal is a needed antidote to the sense of triumphalism that characterizes too much of American thinking at the end of the century. Required reading for students of political economy.»–Paul A. Volcker, Former Chairman, Board of Governors, Federal Reserve

«The demise of the Soviet Empire did not bring about the new World Order. Indeed, ‘market economy’ and ‘democracy’ have become buzzwords for everybody. However, what we see today is increasingly unstable and under-governed global economy. Robert Gilpin’s The Challenge of Global Capitalism explores what went wrong and convincingly calls for effective international leadership and strengthened cooperation among the major industrialized powers.»–Toyoo Gyohten, President of Institute for International Monetary Affairs

«The Challenge of Global Capitalism is an authoritative review of the major aspects of today’s world political economy by the world’s leading political scientist working on the subject. It offers a clear description of a whole array of contemporary issues, a sustained critique of the economist’s viewpoint–the most cogent by a political scientist of which I am aware–and some genuinely new material for scholars and students. All of this is explained through the author’s distinctive perspective.»–Robert O. Keohane, Duke University

«Robert Gilpin is among the giants in the field of international political economy. His new book reminds readers why. It also offers compelling evidence of an acute intelligence and a roving eye that misses nothing significant about the evolving world economy. A tour de force!»–Jagdish Bhagwati, Arthur Lehman Professor of Economics and Professor of Political Science, Columbia University

Civilization

A sweeping survey of today’s international economy and the tensions that are threatening and eroding its stability. Gilpin’s vast knowledge of politics, economics, and technology are all convincingly on display here . . .