This work advances geopolitical economy as a new approach to understanding the evolution of the capitalist world order and its 21st century form of multipolarity. Neither can be explained by recently dominant approaches such as U.S. hegemony or globalization: they treat the world economy as a seamless whole in which either no state matters or only one does. Today's BRICs and emerging economies are only the latest instances of state-led or combined development. Such development has a long history of repeatedly challenging the unevenness of capitalism and the international division of labour it created. It is this dialectic of uneven and combined development, not markets or imperialism, which has spread productive capacity around the world. It also ensured that the hegemony of the UK would end and attempts to create that of the US would peter out into multipolarity. Part two of this book paves the way, advancing Geopolitical Economy as a new approach to the study of international relations and international political economy. Following on from the theoretical limitations exposed in Part I, in this volume the analytical limitations are explored.
Introduction: Putting Geopolitical Economy to Work - - Radhika Desai PART I: THE INTERNATIONAL MONETARY SYSTEM The Inherent Instability of National Monetary Power in the 21st Century: The Triffin Dilemma Revisited - Juan Barredo-Zuriarrain The Currency Hierarchy in Center-Periphery Relationships - Alex W. A. Palludeto and Saulo C. Abouchedid Quasi-World Money and International Reserves - George Labrinidis PART II: WORLD TRADE AND INVESTMENT Uneven and Combined Development in the Doha Stalemate - Mehdi Abbas China's "South-South" Trade: Unequal Exchange and Uneven and Combined Development - Ben Reid The New Scramble for Africa: BRICS Strategies in a Multipolar World - Scar Carpintero, Ivan Murray and Jose Bellver PART III: THE PERSISTENCE OF UNEVENNESS Argentine Industrialization: A Critique of the Liberal and Dependentist Schools - Eduardo Sartelli and Marina Kabat EU Integration as Uneven and Combined Development - Claude Serfati Copyright page. Editorial Advisory Board. Analytical Gains of Geopolitical Economy. List of Contributors. Research in political economy. Analytical Gains of Geopolitical Economy.