Chapter 1. The study of global politics & economics today.- Chapter 2. Global power-shift, the decline of the West and new authoritarianism.- Chapter 3. Germany’s ordoliberal austerity and the European disunion.- Chapter 4. The road to Brexit.- Chapter 5. Imperial symphysis: Greece and German ordoliberalism.- Chapter 6. The disintegrative and authoritarian logics of Euro-Atlanticism.- Postscript – Political Perspectives.

“Fouskas and Gökay’s book about the Euro Crisis and German ambition is compelling. The context is the restructuring of the Euro-Atlantic assemblage by the global push of China. A must read.”

–Werner Bonefeld, University of York, UK

“This is an original, theoretically sophisticated, historically sensitive, and empirically grounded analysis.”

–Bob Jessop, University of Lancaster, UK

 “Fouskas and Gökay have produced an extraordinarily impressive, carefully researched analysis of the contemporary global crisis.”

–Alan W. Cafruny, Hamilton College, USA

“This highly informative and stimulating book explores the larger picture in which the worrying symptoms of our time are unfolding at high speed. It makes an important and salutary contribution to the indispensable rethinking of ailing socialist politics.”

–Gilbert Achcar, SOAS University of London, UK

This book sets out a concrete analytical and empirical framework to understand the Euro-zone crisis and the deep disintegrative tendencies of Euro-Atlantic neo-imperialism. It explores how the authoritarianism and austerity led from above in the transatlantic world cultivate right-wing populism and racist hysteria from below, especially in relation to the global power-shift to China and other emerging economies. The authors argue that ordoliberal/neo-liberal austerity cannot reverse the decline of western economies; if anything, it precipitates their downfall and the re-launching of globalization under Asian primacy. The book will appeal to students, scholars and policymakers across the fields of International Political Economy, European Politics and Critical Social and Political Theory.

Vassilis K. Fouskas is Professor of International Relations and Director of the Centre for the Study of States, Markets and People (STAMP) at the University of East London, UK. He is the founding editor of the Journal of Balkan and Near Eastern Studies.

Bülent Gökay is Professor of International Relations at Keele University, UK, and the founding editor of the Journal of Global Fault-lines. Since 2008, he has been developing a historical analysis of the global financial crisis and economic downturn using the geological metaphor of ‘global fault-lines’.

“This is a theoretically sophisticated, historically sensitive, and empirically grounded analysis. Fouskas and Gökay develop an original analysis of intra- and inter-imperialist contradictions in the post-Cold War period. They focus on emerging global and regional fault-lines as the multiple crises of neo- and ordo-liberal Euro-Atlanticism lead to enduring austerity, reinforce authoritarian tendencies, reconfigure transnationalization in the shadow of financialization, and facilitate China’s emerging hegemony in the Eurasian heartland and elsewhere.” (Professor Bob Jessop, University of Lancaster, UK

“This is an extraordinarily impressive, carefully researched analysis of the contemporary global crisis. Building on their previous works and situating their theoretical argument within the context of classical and contemporary theories of imperialism, Fouskas and Gökay analyze the growth and development of fault-lines as United States neo-imperialism gradually disintegrates.” (ProfessorAlan W. Cafruny, Hamilton College, USA)

“Well known among scholars for their insightful investigations into the difficulties experienced by the USA in maintaining its world hegemony over the last twenty-fve years, Professors Gökay and Fouskas extend their area of interest to cover, among others, the problems of the EU and the Brexit process. They make effective use of the concept of ‘global fault-lines’ they themselves developed to explain the underlying determinants of the current world situation and the emergent new authoritarianism across the transatlantic world. I highly recommend this theoretically and historically informed account.” (Professor Ben Fowkes, London Metropolitan University, UK)

Considers the impact of neo-liberalism on the global power of European states Explores how authoritarianism and austerity cultivates right-wing populism and racism Draws on topical issues such as Brexit and the Euro-zone crisis

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