{"product_id":"the-political-economy-of-the-special-relationship-by-jeremy-green-9780691197326","title":"The Political Economy of the Special Relationship","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eHow America's global financial power was created and shaped through its special relationship with Britain.\u003c\/p\u003e\n\n\u003cp\u003eThe rise of global finance in the latter half of the twentieth century has long been understood as one chapter in a larger story about the postwar growth of the United States. \u003cem\u003eThe Political Economy of the Special Relationship\u003c\/em\u003e challenges this popular narrative. Revealing the Anglo-American origins of financial globalization, Jeremy Green sheds new light on Britain's hugely significant, but often overlooked, role in remaking international capitalism alongside America.\u003c\/p\u003e\n\n\u003cp\u003eDrawing from new archival research, Green questions the conventional view of international economic history as a series of cyclical transitions among hegemonic powers. Instead, he explores the longstanding interactive role of private and public financial institutions in Britain and the United States—most notably the close links between their financial markets, central banks, and monetary and fiscal policies.\u003c\/p\u003e\n\n\u003cp\u003eHe shows that America's unparalleled post-WWII financial power was facilitated, and in important ways constrained, by British capitalism, as the United States often had to work with and through British politicians, officials, and bankers to achieve its vision of a liberal economic order.\u003c\/p\u003e\n\n\u003cp\u003eTransatlantic integration and competition spurred the rise of the financial sector, an increased reliance on debt, a global easing of regulation, the ascendance of monetarism, and the transition to neoliberalism. From the gold standard to the recent global financial crisis and beyond, \u003cem\u003eThe Political Economy of the Special Relationship\u003c\/em\u003e recasts the history of global finance through the prism of Anglo-American development.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Hachette Aotearoa New Zealand","offers":[{"title":"Default Title","offer_id":47600104407276,"sku":"9780691197326","price":106.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/7df20a04cdf34b6bd468eb9fadd34330.jpg?v=1778021175","url":"https:\/\/bookhero.co.nz\/products\/the-political-economy-of-the-special-relationship-by-jeremy-green-9780691197326","provider":"Book Hero","version":"1.0","type":"link"}