Prologue : into the twentieth century
From mercantilism to free trade
Threats to the global order
I. Last best years of the golden age, 1896-1914
1. Global capitalism triumphant
The gold standard reaffirmed
Specialization and growth
Globalism and its discontents
2. Defenders of the global economy
Intellectual support for the golden age
Nathan Mayer Rothschild, 1840-1915
Supporters of the golden pillars
Global networks for a global economy
The international migration of capital and people
3. Success stories of the golden age
New technologies and the new industrialism
Protecting the infant industries
The areas of recent settlement
Heckscher and Ohlin interpret the golden age
4. Failures of development
King Leopold and the Congo
Colonialism and underdevelopment
Misrule and underdevelopment
Stagnation on the plantation
5. Problems of the global economy
Free trade or fair trade?
Winners and losers from trade
Silver threats among the gold
Labor and the classical order
The gilded age tarnished?
II. Things fall apart, 1914-1939
6. "All that is solid melts into air ..."
Economic consequences of the Great War
The new multinational enterprises
8. The established order collapses
Semi-industrial self-sufficiency
Schacht and the Nazis rebuild Germany
Autarkic economic policies
Europe swings to the right
10. Building a social democracy
Swedish and American roads to social democracy
Keynes and social democracy
Labor, capital, and social democracy
Social democracy and international cooperation
III. Together again, 1939-1973
11. Reconstruction east and west
The United States leads the way
Dean Acheson, present at the creation
The United States and European reconstruction
The Soviet Union builds a bloc
12. The Bretton Woods system in action
Postwar growth accelerates
Jean Monnet and a United States of Europe
The Bretton Woods monetary order
International investment under Bretton Woods
Bretton Woods and the welfare state
The success of Bretton Woods
13. Decolonization and development
Import-substituting industrialization
ISI in theory and practice
Nehru leads India to industrialization
The Third World embraces ISI
The modern spread of industry
14. Socialism in many countries
The socialist world expands
The socialist world divides
Socialism in the Third World
15. The end of Bretton Woods
Challenges to trade and investment
Crises of import substitution
IV. Globalization, 1973-2000
The Volcker counter-shock
Regionalism and globalism
Global finance and national financial crises
17. Globalizers victorious
New technologies, new ideas
George Soros makes markets
Global production and national specialization
Export-led growth on the edge of Europe and Asia
East Asian and Latin American followers
The Marxist sociologist takes power
Eastern Europe joins the west
A new international division of labor
19. Countries fall behind
Reform and transition disappointed
Plague, destitution, and desperation
20. Global capitalism troubled
Financial fragility and the unholy trinity
"The three scariest words"
Global markets : ungoverned or unwanted?
A note on data and sources.