International Political Economy: Perspectives on Global Power and Wealth, Fourth Edition

30 State Power and the Structure of International Trade In sum, Britain was the world’s most important trading state from the pe ...

Stephen D.Krasner 31 Britain also put economic instruments to good use in creating an open system. The abolition of the Corn Law ...

32 State Power and the Structure of International Trade 1945–1960 The third period that is neatly explained by the argument that ...

Stephen D.Krasner 33 1919–1939 The United States emerged from the First World War as the world’s most powerful economic state. W ...

34 State Power and the Structure of International Trade It was not until the mid-thirties that the United States asserted any re ...

Stephen D.Krasner 35 AMENDING THE ARGUMENT The structure of the international trading system does not move in lockstep with chan ...

36 State Power and the Structure of International Trade trade policy were changed. The presidency, far more insulated from the e ...

37 2 The Political Economy of the Smoot-Hawley Tariff BARRY EICHENGREEN Barry Eichengreen presents a domestic societal explanati ...

38 The Political Economy of the Smoot-Hawley Tariff on the influence of special interest groups. In his account, the actions of ...

Barry Eichengreen 39 the telephone, reinforced these advantages, and associations quickly learned to use pamphlets and other med ...

40 The Political Economy of the Smoot-Hawley Tariff subsequent Congress over principles of free trade and protection. Hence even ...

Barry Eichengreen 41 trade in farm products turned negative, where it remained except in 1925 for the duration of the decade. He ...

42 The Political Economy of the Smoot-Hawley Tariff of dairy products and meat west of the Elbe. In addition, dairy products, me ...

Barry Eichengreen 43 As noted previously, critics of the Smoot-Hawley Tariff argued that duties on agricultural products would n ...

44 The Political Economy of the Smoot-Hawley Tariff comprised 10 percent of total U.S. merchandise exports, while imports were n ...

Barry Eichengreen 45 that “reciprocal noninterference” should have favored border agriculture and light industry. It is consiste ...

46 The Political Economy of the Smoot-Hawley Tariff channels than typically posited. Rather than simply strengthening the hand o ...

47 3 Institutions and Economic Growth: A Historical Introduction DOUGLASS C.NORTH In this essay, Nobel prize-winning economist D ...

48 Institutions and Economic Growth: A Historical Introduction or the development literature. Coase pointed out that the neoclas ...

Douglass C.North 49 may indeed be high), production costs are high, because specialization and division of labor are limited to ...