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This work brings together a collection of original essays on the contemporary study of international political economy (IPE). It provides contrasting and challenging interpretations of the study of IPE and the global political economy in general.

Early in the 20th century, revolutionary socialism was not only gaining momentum but appeared destined to conquer the world. By mid-century, the red flag flew over capitals in Eastern Europe, Russia, China, Southeast Asia, Africa, and Central America, by the 1970s over one-third of the world's population lived under socialist regimes. All that has changed. With the 20th century drawing to a close, the political map of the globe looks very diff...

This book surveys the classical Marxist and neo-Marxist traditions in the theory of imperialism. Polychroniou favors the former, especially Lenin, and is highly critical of neo-Marxian scholars, such as Baran, Frank, Wallerstein, and Amin. . . ." Choice

A collection of essays offering a defence of socialism. Prospects are assessed for the renewal of the socialist project by addressing long-neglected issues in socialist thinking and writing. The contributors cover recent developments in Russia, Cuba and China, also issues such as law and feminism.