Turbulence and New Directions in Global Political Economy,
James Busumtwi-Sam and Laurent Dobuzinskis, eds., Basingstoke, UK:
Palgrave, 2003, pp. xiv, 234.
Few would argue with the observation that the world economy today
presents a more changeable, unpredictable and unrecognizable environment
than a mere decade ago. In the mid-1990s, at the heyday of the so-called
“Washington Consensus,” neoliberal market orthodoxy appeared
both predictably and triumphantly at global, regional and national levels:
the World Trade Organization had emerged with great fanfare to ostensibly
establish a new rules-based system for international trade; the North
American Free Trade Agreement had been enacted to liberalize trade and
investment across the continent; while the Maastricht Treaty had begun to
exert fiscal constraint on the national policy priorities of European
Union member states. Today's global political-economic setting is by
contrast ideologically unsettled, destabilized by a post-Cold War,
post-Seattle, and post-September 11 agitation, and beset by a host of new
actors, emerging new power alignments and new capabilities. It is this
state of turbulence and flux that is captured in this book, the varied
contributions of which intelligently grapple with the challenges such
unrest poses for practitioners and academic observers alike.