1. The world before the rise of the global economy // 1.1 Local and Regional Markets, and Specialization // 1.2 The Establishment of Capitalist Society // 1.3 From Mercantilism to Liberalism // 1A European Colonialism in the Early Modern Period // 1.5 The Industrial and Agricultural Revolutions // The Chapter Summary 44 // 2. The Nature and Emergence of the Global Economy 46 // 2.1 The World After the Napoleonic Wars and the Pax Britannica 46 // 2.2 Globalization - the Origin and Nature of the Phenomenon 50 // 2.3 The First Wave of Globalization 52 // 2.4 The First World War and End of the First Wave of Globalization 57 // The Chapter Summary 66 // 3. The Post-War Development of the World Economy 68 // 3.1 Recovery of the World Economy In 1945 68 // 3.2 The Origin of World Financial Institutions - the Bretton Woods System 71 // 3.3 The Pax Americana and the Second Wave of Globalisation 81 // 3.4 Decolonisation and its Impact on the World Economy 83 // 3.5 European Economic Integration in the 1950S and 60s 86 // 3.6 The World Economy before and After the Oil Crises in the 70s 93 // 3.7 The Origin of International Capital Mobility From Banks // to Multinational Corporations and FDI 95 // The Chapter Summary 102 // 4. The End of the Bipolar World 105 // 4.1 Eastern Bloc Countries before the Fall of Communism 105 // 4.2 The Transformation of Central and Eastern Europe 113 //
4.3 The Financial Crises in the 90s 119 // 4.4 The European Union and Transition Economies 123 // The Chapter Summary 128 // 5. Major Centres of the World Economy 130 // 5.1 The European Centre 130 // 5.1.1 Economic Development óf the European Centre 130 // 5.1.2 The Economic and Monetary Union 137 // 5.1.3 The European Union and the WTO - an Example // of the Common Agricultural Policy 138 // 5.2 The United States of America 140 // 5.2.1 The Economic Development of the USA 140 // 5.2.2 The USA and NAFTA 145 // 5-3 Japan 146 // 5.3.1 Economic Development of Japan 146 // 5.3.2 Japan and APEC 151 // 5.4 The People’s Republic of China 152 // 5.4.1 Economic Development of the PRC 152 // 5.4.2 Key Economic Indicators and Development // in the Last Three Decades ; 153 // 5.4.3 China in International Trade I59 // 5.4.4 China in Africa 160 // The Chapter Summary 161 // References I64 // Name Index 168 // Geographical Index 171 // Subject Index 177