
The global economic system is failing. Third world nations are saddled with debts they cannot pay thus threatening the world banking system. Europe is suffering from an overvalued dollar and the U.S. is fast becoming the largest debtor nation in the world. The World Economy Since The War studies global economics since 1945 from a world systems perspective. The author integrates specific research on particular aspects of the world economy into a unified, coherent discussion, demonstrating the ways in which these seemingly disparate aspects are in fact related. Brett's work points out that the global economic system is in need of major restructuring. In his carefully considered and theoretically informed work, he suggests a democratically controlled global oriented international planning mechanism to rationally and equitably distribute resources.
This work investigates the structural failures of the post-1945 global economic system and the resulting crises of uneven development. E. A. Brett, a scholar in development studies, utilizes a world-systems theoretical framework to analyze how international debt, currency valuation, and trade imbalances are interconnected. He argues that the current global architecture is inherently unstable and necessitates a transition toward a democratically controlled international planning mechanism to ensure equitable resource distribution.
What You Will Find
Scope Limits
Experts recognize this text as a significant contribution to the political economy of development, noting its clear synthesis of complex global systems. Readers frequently highlight the academic rigor of the prose and the author's ability to connect disparate economic phenomena into a coherent critique of post-war international policy.
Page Count:
0
Publication Date:
1985-01-01
Publisher:
Praeger Publishers
ISBN-10:
0030057272
ISBN-13:
9780030057274
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