The Cold War And The International Political Economy

1076 WordsApr 14, 20155 Pages
The Cold War and The International Political Economy in the 1970s The article that is going to be reflected in the following paragraphs attempts to describe the connection between the Cold War and the transfigurations of the political economy throughout that time period. In doing so, the article, “The Cold War and The International Political Economy in the 1970s”, examines various forms of scholarly literature on the topic. Often times, the Cold War and international political economy are disconnected, but this article binds them together by reviewing and analyzing different concepts. The time period focused on in the article is the 1970s, a decade that is still attracting much historiographical attention, despite the fact that the events occurred over forty years ago. The economics of the high Cold War The article explains events that came before the transformative decade of the 1970s. Throughout the 1940s and up until the 1960s, the international political economy was stable, at least for the most part. It was during this time that the United States was still asserting itself as a global hegemony. The tense relationship between the United States and the Soviet Union left communist governments out of the liberal economic sphere of influence. The article goes on to talk about how the United States emerged as a global power shortly following the end of World War II, and highlights the imperialist policies of the United States at the time. In addition to describing
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