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The current economic crisis throws into question a number of well-established and received beliefs. In particular, it questions the long-term viability of the decoupling between multinational firms and the banking system, it casts serious doubts on the US dollar-centered monetary system and on the continuation of the US dollar as the unique reserve currency in the future and invites the critical analyst to assess the long-term viability of US-China economic relations based on a US current account deficit absorbed by Chinese financial institutions. It can also be seen as an opportunity for a thorough analysis of the factors explaining the rise of property prices, in particular in fast-growing economies. Given the arbitrage exercised by investors on the different financial, primary commodities and other markets, and given the increasing depletion of fossil fuels, it raises the issue of food security in the long term, puts to the fore the multinational firms from the emerging economies (such as China and India) and it questions the response strategies of multinational firms from the `West' and Japan. Finally, the crisis opens a debate centered on the future stimulating role that the Asian continent could play vis-a-vis `the West', and in particular, vis-a-vis the European Union. This book engages these key current issues in the broad theme of integration. -- Back cover.

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

"Creating a Eurasian Union" offers a detailed analysis of the economies of the Customs Union of Russia, Belarus, and Kazakhstan and the proposed Eurasian Union. The authors employ econometric analysis of business cycles and cointegration analysis to prove the fragility of the union's potential economic success. By providing a brief description of the economic integration of the former Soviet republics, this pioneering work analyses the on-going trial and error processes of market integration led by Russia. Vymyatnina and Antonova's distinctive argument is the first consistent analysis of the emerging Eurasian Union. They incorporate both a non-technical summary of the integration process and previous research and analytical comments, as well as a thorough empirical analysis of the real data on the economic development of the participating countries, to caution that the speed of integration might undermine the feasibility of the Eurasian Union