Includes bibliographical references (pages 319-336) and index.

Introduction PART 1: STATES, AGRICULTURE, AND GLOBALIZATION The Rise of the Modern State: From Street Gangs to Mafias States, Markets, and the Origins of International Inequality Economic and Hegemonic Cycles The Industrial Revolution and Late Development Agricultural Exporters and the Search for Labor Agriculture-Led Growth and Crisis in the Periphery: Ricardian Success, Ricardian Failure The Collapse of the Nineteenth-Century Economy: The Erosion of Hegemony? PART II: THE REEMERGENCE OF GLOBALIZATION Introduction to Part II The Depression, U.S. Domestic Politics, and the Foundation of the Post-World War II System International Money, Capital Flows, and Domestic Politics Transnational Firms: A War of All against All Industrialization in the Old Agricultural Periphery: The Rise of the Newly Industrialized Countries Trade, Protection, and Renewed Globalization US Hegemony: Declining from Below? US Hegemony: Reviving or Declining from the Top Down

"Drawing on a broad-ranging reassessment of the historical and spatial evolution of the world economy, Herman Schwartz shows how the twenty-first-century world has come to resemble the late nineteenth century, in which markets typically overwhelmed state policies, more than the mid-twentieth century, in which states were often able to control or contain markets. In so doing he shows that globalization is a much longer-term and more multi-faceted phenomenon than its current protagonists generally argue and provides a particularly clear account of the complex interdependence of modern states and modern markets." "The new edition provides full coverage of the financial crisis of the emerging markets of the 1990s and their - and others' - respective prospects into the twenty-first century."--Jacket