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

130 British and American Hegemony Compared industrialization. By the First World War, the United States had emerged as Britain’s ...

David A.Lake 131 THE HISTORICAL REALITY Despite the plausibility and attractiveness of this historical analogy, it is deeply fla ...

132 British and American Hegemony Compared the quest for imperial trading blocs transforms exchange, at least in part, from a po ...

David A.Lake 133 in the opportunity costs of closure, also has important implications for the international political processes ...

134 British and American Hegemony Compared costs and benefits of particular state actions. Economic sanctions, foreign aid and m ...

David A.Lake 135 unconditional most-favored-nation principle, but free trade remained fragile. As soon as alternative political ...

136 British and American Hegemony Compared Cobden-Chevalier treaty between Britain and France in 1860. Trade policy also impinge ...

David A.Lake 137 intra-industry trade is economies of scale in production. To the extent that these economies are larger than th ...

138 British and American Hegemony Compared WHITHER THE PAX AMERICANA? The differences between British and American hegemony are ...

David A.Lake 139 CONCLUSION Statesmen and stateswomen undoubtedly base their decisions on theories of international politics, ev ...

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141 III PRODUCTION Productive activity is at the center of any economy. Agriculture, mining, and manufacturing are the bases on ...

142 Historical Perspectives aspirin in the United States. If the German aspirin industry were more efficient than the American, ...

Historical Perspectives 143 sells at home; over time, it expands exports to foreign markets; as the product becomes more widely ...

144 Historical Perspectives a beneficial impact on national economic and political development. In the section that follows, the ...

145 9 The Multinational Enterprise as an Economic Organization RICHARD E.CAVES Richard E.Caves, a neoclassical economist, provid ...

146 The Multinational Enterprise as an Economic Organization firms will merge or go out of business. In order to explain the exi ...

Richard E.Caves 147 Proprietary Assets The most fruitful concept for explaining the nonproduction bases for the MNE is that of a ...

148 The Multinational Enterprise as an Economic Organization cost, zero or approximately zero. But no one gets rich selling brig ...

Richard E.Caves 149 ... [Research] results confirm, first and foremost, the role of proprietary assets inferred from the outlays ...