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Over the course of the previous two decades, political scientists have become increasingly interested in the relationship between international politics and global trade. Much of the literature on this topic centers on the effects of a hegemonic distribution of power on commerce. Hegemonic stability theorists argue that hegemony is a necessary condition for the existence of a liberal economic order and that in the absence of a hegemon, a liberal international economy is particularly difficult to establish and maintain. However, a growing number of theoretical and empirical critiques have been leveled against the gemonic stability theory, and the issue of whether hegemony helps shape patterns of global trade continues to be the topic of heated debate.

Much of the empirical research on war has been conducted using only one of a number of data sets that have been compiled by leading scholars of international politics. In view of the low correlation among the data sets, however, one must be cautious in choosing between them for whatever task is at hand. The preliminary findings indicate that, regardless of which data set is used, many of the central tests of important hypotheses concerning Kondratieff waves, international trade, and hegemony and war yield much the same results

Over the course of the last century, political scientists have been moved by two principal purposes. First, they have sought to understand and explain political phenomena in a way that is both theoretically and empirically grounded. Second, they have analyzed matters of enduring public interest, whether in terms of public policy and political action, fidelity between principle and practice in the organization and conduct of government, or the conditions of freedom, whether of citizens or of states. Many of the central advances made in the field have been prompted by a desire to improve both the quality and our understanding of political life. Nowhere is this tendency more apparent than in research on comparative politics and international relations, fields in which concerns for the public interest have stimulated various important insights. This volume systematically analyzes the major developments within the fields of comparative politics and international relations over the past three decades. Each chapter is composed of a core paper that addresses the major puzzles, conversations, and debates that have attended major areas of concern and inquiry within the discipline. These papers examine and evaluate the intellectual evolution and "natural history" of major areas of political inquiry and chart particularly promising trajectories, puzzles, and concerns for future work. Each core paper is accompanied by a set of shorter commentaries that engage the issues it takes up, thus contributing to an ongoing and lively dialogue among key figures in the field. A companion volume examines the major developments within the fields of comparative politics and international relations.

Interdependence and conflict : an introduction / Edward D. Mansfield and Brian M. Pollins -- Pax mercatoria and the theory of state / Beth Simmons -- Economic interdependence, the democratic state, and the liberal peace / Christopher Gelpi and Joseph M. Grieco -- Internationalization, coalitions, and regional conflict and cooperation / Etel Solingen -- Assessing the role of trade as a source of costly signals / James D. Morrow -- The classical liberals were just lucky : a few thoughts about interdependence and peace / Erik Gartzke -- Trade and conflict : uncertainty, strategic signaling, and interstate disputes / Arthur A. Stein -- Economic interdependence, opportunity costs, and peace / Jack S. Levy -- Liberal hopes with no guarantees / Gregory D. Hess -- Violence and disease : trade as a suppressor of conflict when suppressors matter / Bruce Russett -- The strategy of economic engagement : theory and practice / Michael Mastanduno -- Empirical support for the liberal peace / John R. Oneal -- Models and measures in trade-conflict research / Katherine Barbieri -- Preferential peace : why preferential trading arrangements inhibit interstate conflict / Edward D. Mansfield -- Trade and conflict : does measurement make a difference? / Jon C. Pevehouse -- Measuring conflict and cooperation : an assessment / Rafael Reuveny -- Temporal dynamics and heterogeneity in the quantitative study of international conflict / Janet M. Box-Steffensmeier, Dan Reiter, and Christopher J. Zorn -- Concerns with endogeneity in statistical analysis : modeling the interdependence between economic ties and conflict / Richard J. Timpone -- Qualitative research on economic interdependence and conflict : overcoming methodological hurdles / Norrin M. Ripsman and Jean-Marc F. Blanchard -- Computer simulations of international trade and conflict / David H. Bearce and Eric O'N. Fisher

AbstractIn recent years, the volume and intensity of attacks on globalization have been steadily rising. It is frequently argued that the antiglobalization backlash stems from strains that have been placed on the compromise of embedded liberalism. We argue that existing research underemphasizes how technological change and the digital revolution have contributed to these strains. Global value chains facilitated by the digital revolution have linked technology in advanced industrial countries to low-cost labor in developing countries, precipitating distributional losses for low-skilled labor in the industrial world. Further, the digital revolution has led to regulatory challenges involving both capital and labor. We argue that, as a result, governments face both mounting opposition to globalization and heightened difficulty in supporting the programs and policies necessary to buffer the adverse domestic effects of globalization and maintain support for embedded liberalism.

We review and analyze some recent research on regionalism. We begin by discussing how various studies have defined regions and regionalism. Because much of the work has been conducted by economists, we then turn to a summary of the economics of regionalism. However, it is widely held that economic factors alone are insufficient to explain regionalism's causes and consequences and that political factors are centrally important. We analyze how domestic and international political factors have guided both economic regionalism and security regionalism. We conclude by outlining some avenues for future research, placing particular emphasis on the need to better integrate insights from political economy and international security in the study of regionalism.

We review and analyze some recent research on regionalism. We begin by discussing how various studies have defined regions and regionalism. Because much of the work has been conducted by economists, we then turn to a summary of the economics of regionalism. However, it is widely held that economic factors alone are insufficient to explain regionalism's causes and consequences and that political factors are centrally important We analyze how domestic and international political factors have guided both economic regionalism and security regionalism. We conclude by outlining some avenues for future research, placing particular emphasis on the need to better integrate insights from political economy and international security in the study of regionalism. Adapted from the source document.