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Socio-Economic Review 1:439-456 (2003)
© 2003 Society for the Advancement of Socio-Economics

REVIEW ESSAY

The global economy in the Bush era

Fred Block

Department of Sociology, University of California, Davis, Davis, CA, USA

Correspondence: flblock{at}ucdavis.edu

First receipt April 2003; final manuscript received May 2003

This essay reviews three recent books on the global economy against the backdrop of the Bush Administration's adoption of a militarized and unilateralist foreign policy that led to the US war against Saddam Hussein's regime in Iraq. The argument is that the shift in US foreign policy is a response to both domestic and global challenges. However, there is little reason to believe that this new direction represents a realistic response to the considerable fragilities of the current global economy. On the contrary, the new US foreign policy might better be understood as a symptom of a deepening global crisis.

Key Words: Globalization • US foreign policy • global economy • international competition • JEL classification: F02 International economic order, economic integration, general


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