World Politics and International Economics

By C. Fred Bergsten; Lawrence B. Krause | Go to book overview

International economics and international politics: a framework for analysis

C. Fred Bergsten, Robert O. Keohane, and Joseph S. Nye

Until August 1971, the United States categorically rejected any notion of devaluing the dollar and championed an international monetary system based on fixed but adjustable exchange rates. From August 1971 through February 1973, the United States aggressively sought massive devaluation of the dollar, and since early 1973, it has actively promoted the adoption of highly flexible exchange rates.

From 1962 until November 1967, the British government borrowed billions of dollars and adopted dozens of policy measures to avoid devaluing sterling. In June 1972, the British government floated sterling-to a sure depreciation -- after just two days of speculative attack on the currency.

Until late 1971, Japan adamantly refused to consider revaluation of the yen and adopted numerous policy measures to avoid it. In 1973, Japan sold at least $6 billion from its reserves to keep the yen from depreciating back toward its earlier level.

Since the early 1960s, the United States pressed Europe and Japan to lower their barriers to US agricultural exports. In June 1973, the United States totally embargoed its exports to Europe and Japan (and everywhere else) of some of those very same agricultural products.

In the early 1960s, Brazil and other producing countries pleaded with consuming countries to negotiate the International Coffee Agreement to keep coffee prices from declining. By the middle 1970s, those coffee producers let the agreement lapse because they felt sufficiently strong to force prices up on their own.

What were the objectives of these international economic policies of some of the leading countries in the world economy? Did these objectives change as dramatically, over both longer and shorter periods of time, as appears to be the

C. Fred Bergsten is a senior fellow at the Brookings Institution in Washington, D. C., and is coeditor of this volume. Robert O. Keohane is an associate professor of political science at Stanford University in Stanford, California. Joseph S. Nye is a professor of political science at Harvard University in Cambridge, Massachusetts.

-3-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
World Politics and International Economics
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 359

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.