'How will global order unfold as we move into the next millennium?' With this basic question as a starting point, leading scholars in politics, economics, and international relations from ten different countries have written 33 chapters specially commissioned for this new second edition, which also includes introductory essays by the editors. Rapid change has become the norm in the international political economy. The relatively strong and surprisingly sustained performance of the North American economies, the growing economic integration of the European Union, and the economic crises in Asia and Russia all attest to the increasing pace and apparent unpredictability of changes to the global economy. Political Economy and the Changing Global Order provides an authoritative introduction to these changes and to the theory and changing practice of international economic relations as the world enters the new millennium. The book ranges widely, covering developments at global, regional, and national levels, key issues and trends, and the changing policies of major state actors, as well as presenting a broad spectrum of theoretical perspectives. Particular emphasis is given to the role of the state in the international political economy, the increasing importance of non-state actors, and the growing influence of both public and private forms of transnational governance.

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Richard Stubbs is at the Department of Political Science, McMaster University. Geoffrey R.D. Underhill is Chair in International Governance, University of Amsterdam.