It then explores in detail the dynamics of global political economy in the 21st century providing systematic coverage of the key spheres of activity trade production finance labour gender development the environment ideas security and governance. An excellent overview of prevailing theories in the sphere of global political economy obrien and williams provide a great reconstruction of the current global paradigm and how it emerged beginning with the industrial revolution. About the book after a period in which the global economy appeared prosperous and stable the economic crisis exposed the fragile foundations of the international. This text on global political economy provides a broad ranging but concise historical account of the emergence of a worldwide economy since the 15th century combined with a systematic analysis of international political economy at the beginning of the 21st century. The authors first trace the evolution of the global economy from its roots in fifteenth century through the industrial revolution to the post 1945 world order they then proceed to explore in more detail the dynamics of todays global political economy providing systematic coverage of the key spheres of activity from trade production and
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