Deweaponizing Interdependence

Nyhet

Bringing the Idea of International Clearing Union into the Twenty-First Century

Inbunden, Engelska, 2026

1 199 kr

Kommande

Offering an excellent overview of critical approaches to international payment systems, this open access volume re-introduces the contemporary relevance, origins and aims of the International Clearing Union (ICU), a concept associated with J. M. Keynes and with debates of continued contemporary importance to global political economy. This volume focuses on how ICU proposals interact with economic theory and normative principles of ethics and politics. It examines key contemporary political issues including de-dollarisation, development, overcoming nationalism, principles of fairness in trade and finance, commodity pricing, fixed vs. floating exchange rates, capital controls, the need for planning, and global public investments, as well as urgent issues of climate emergency and ecological breakdown. As such, this important volume provides a wide range of perspectives from both the Global North and Global South, as well as from different disciplines including politics, economics and political theory.‘The ebook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by The University of Helsinki.

Produktinformation

Utgivningsdatum2026-02-19
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
Antal sidor304
FörlagBloomsbury Publishing PLC
ISBN9781350574809

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Heikki Patomäki is Professor of World Politics and Global Political Economy at the University of Helsinki. His recent books are World Statehood (2023); Debating the War in Ukraine (with T.Forsberg, 2023), and The Three Fields of Global Political Economy (2022). He is a member of the Finnish Academy of Sciences and Letters and a Life Member of Clare Hall at the University of Cambridge. Jamie Morgan is Professor of Economics at Leeds Beckett University. He co-edits the Real-World Economics Review with Edward Fullbrook. He has published widely in the fields of economics, political economy, philosophy, sociology and international politics.

Chapter 1. “Introduction: The Idea of ICU and Its Relevance in the 21st Century”J. Morgan & H. PatomäkiChapter 2. “Prospects for the Introduction of a Clearing Union at the International Level” J. A. KregelChapter 3. “Regional Clearing Systems: from the European Payments Union to Current Initiatives Confronting Dollar Dominance” M. Amato, L. Fantacci & L. GobbiChapter 4. “Resolving the Balance of Payment problematic: Feasible Reforms in the 21st Century”N. Kari & L. HolappaChapter 5. “International Monetary Adjustment with and without a Global Fiscal Authority”M. Vernengo, N. Cline & D. FieldsChapter 6. : “Towards a New Global Financial Architecture: The Role of Multipolarity, Expanded BRICS and the Global South”H. KhanChapter 7. “New IMF for inclusive multilateralism in the Anthropocene era”G. MontaniChapter 8. “An analysis of conflicts and the world monetary system: a case against unilateral responses and for a 21st-century global clearing union” H. PatomäkiChapter 9. “Designing the rules and principles of the International Clearing Union: past and present debated issues”A. FaudotChapter 10. “Moving beyond nation-state-centric exercise of monetary sovereignty and macroeconomic policy autonomy: normative underpinnings of a Global Clearing Union”K. Kotilainen

As the Trump presidency sets about collapsing the existing world order and China and the BRICs countries explore alternatives to the dollar, there is an urgent need for sound monetary alternatives to the system of a single sovereign reserve currency. That is why the publication of this book could not be more timely. Its contributors - monetary experts all - expound with considerable authority on sound alternatives to the imbalances and instability of the current world order. I recommend it highly to scholars, policymakers and those activists wanting to build a more peaceful world.