Political Regimes and Economic Markets

The world political economy established at the conclusion of the Second World War was built upon the primacy of the United States. This system has been gradually displaced by new world economic arrangements with multiple centers of power. Political economists have recently focused upon the factors influencing the emergence of such new “regimes.” A “regime” may be defined as any set of arrangements which regulates the behavior of important actors in a given political or economic arena. . . .