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Cover -- Title Page -- Copyright Page -- Table of Contents -- List of Figures and Tables -- Preface and Acknowledgments -- Introduction: Hegemony, State-Corporate Globalization, and Antisystemic Movements: Contending Theoretical and Historical Approaches -- Part I: Contemporary Globalization -- 1 The United States in Decline? -- 2 The Phoenix Cycle: Global Leadership Transition in a Long-Wave Perspective -- 3 From State Hegemonies to Transnational Hegemony: A Global Capitalism Approach -- 4 Quantifying Hegemony in the World Economy -- 5 Servants of the World System: An Analysis of Servitude in the United States and the New International Division of Reproductive Labor -- 6 Gobalization: The New Mechanism of Dependency -- 7 The Sweatshop Dynamic: U.S. Shipper Hegemony in the Global Logistics Sector of Los Angeles -- Part II: Counterhegemonic Social Movements -- 8 Hegemonic Decline and World Revolution: When the World Is Up for Grabs -- 9 The Politics of Global Islam: U.S. Hegemony, Globalization, and Islamist Social Movements -- 10 Hegemony Lost: Understanding Islamic Fundamentalism -- About the Contributors -- Series List.

Frontmatter -- Contents -- Introduction -- Chapter 1. A Savage Sorting of Winners and Losers, and Beyond -- Chapter 2. The 2008 World Financial Crisis and the Future of World Development -- Chapter 3. Growth after the Crisis -- Chapter 4. Structural Causes and Consequences of the 2008–2009 Financial Crisis -- Chapter 5. Bridging the Gap: A New World Economic Order for Development? -- Chapter 6. Chinese Political Economy and the International Economy: Linking Global, Regional, and Domestic Possibilities -- Chapter 7. The Global Financial Crisis and Africa's "Immiserizing Wealth" -- Chapter 8. Central and Eastern Europe: Shapes of Transformation, Crisis, and the Possible Futures -- Chapter 9. The Post-Soviet Recoil to Periphery -- Chapter 10. The Great Crisis and the Financial Sector: What We Might Have Learned -- Notes -- About the Contributors -- Index

The Asian financial crisis of 1997-98 shook the foundations of the global economy. What began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered 'miracles', respond? How did the United States, Japan and other G-7 countries react to the crisis? What role did the IMF play? Why did China, which suffers from many of the same structural problems responsible for the crisis, remain conspicuously insulated from the turmoil raging in its midst? What explains Asia's remarkable recovery just three years after the crisis? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the 'new international financial architecture'? What lessons can be learnt from the crisis by other emerging economies? This book provides answers to all the above questions and more. It gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it. The book will be vital to students of economics, international political economy, Asian and development studies.