The Tension between Democracy and Capitalism during the American Century

LaFeber, Walter

doi:10.1111/1467-7709.00166

Cited by 7 publications

(3 citation statements)

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“…When the EIB was created in 1957, it was strongly influenced by the economic and political context, which permanently shaped its constitution and evolution. World War II had left European countries devastated (Temin, ) and, it was perceived, highly vulnerable to the spread of Communism (LaFeber, ). The International Bank for Reconstruction and Development (IBRD) (today the World Bank) was created in 1944 to support Europe, but it was soon seen that more resources were needed, hence the US implemented the Marshall Plan as a short‐term measure (1948–51).…”

Section: Setting Up the Eib: A Threefold Missionmentioning

confidence: 99%

The European Investment Bank: Development, Integration, Investment?

Clifton

Díaz‐Fuentes

Gómez

2017

J of Common Market Studies

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The European Investment Bank (EIB) constitutes one of the main institutional pillars upon which the European Union (EU) was built. Despite this, the institution has attracted surprisingly little research. The EIB Statutes can be boiled down to three overarching objectives that its lending would prioritize – development, integration and investment – but little is known about the extent to which EIB loans fulfil each objective in practice. This article breaks new ground by providing the first comprehensive qualitative and quantitative analysis of EIB loans from its origins to the end of the Cold War. To do so, lending patterns were reconstructed drawing on extensive archival work. Results show that the EIB was the first International Financial Institution to place integration and development above the alleviation of capital constraints.

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Section: Setting Up the Eib: A Threefold Missionmentioning

confidence: 99%

The European Investment Bank: Development, Integration, Investment?

Clifton

Díaz‐Fuentes

Gómez

2017

J of Common Market Studies

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“…Some scholars considered the role of the US as crucial and term American role as a proponent of economic regionalism in Europe as part of its grand strategy of containment against Soviet political and ideological influence in the region (LaFeber, 1999;Milward, Brennan & Romero 2000;and Beeson, 2005). While quoting Gaddis, Beeson points out that European economic regionalism was a fundamental part of America's containment strategy and its objective was to establish 'countervailing centres of powers as bulwarks against the Soviet expansionism' (Beeson, 2005).…”

Section: Economic Regionalism In Europe and Southeast Asia (Asean) Asmentioning

confidence: 99%

“…While quoting Gaddis, Beeson points out that European economic regionalism was a fundamental part of America's containment strategy and its objective was to establish 'countervailing centres of powers as bulwarks against the Soviet expansionism' (Beeson, 2005). LaFeber argues for long-time existing American intention to pursue simultaneously strategic and economic objectives (LaFeber, 1999). On the other hand, scholars like Folly consider the role of Britain and France as crucial in sponsoring the idea of panEuropean security framework (Folly, 1988).…”

Section: Economic Regionalism In Europe and Southeast Asia (Asean) Asmentioning

confidence: 99%

Saarc as a Tool of Regionalism in South Asia: Lessons From Asean

Ashraf¹,

Akhir²

2016

JATI

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The South Asian Association for Regional Cooperation (SAARC) as a regional economic grouping in South Asia has not emerged as a viable and an efficient regional block such as the European Union (EU) and the Association of Southeast Asian Nations (ASEAN). Despite taking several initiatives in this regard, it has not achieved the desired objectives set forth at the time of its establishment. Over thirty years, it has become hostage to the Pakistan-India adversarial relationship. Through interviews with key informants (KIs), this article investigates the causes for the lack of momentum of SAARC and explores how ASEAN's path might offer lessons for SAARC. Adopting qualitative methods and content analysis this research finds the dominance of the Pakistan-India conflictual relationship as the key reason for the relative weakness of the SAARC. Moreover, the lack of implementation of SAARC declarations, conflicting issues between India and other neighbouring countries and the strict SAARC visa regime are important barriers to the enhancement of regional co-operation in South Asia. The article recommends that SAARC countries follow the ASEAN model and focus on the augmentation of regional cooperation while managing bilateral conflicts between them. In this regard, Pakistan and India, being the largest economies in South Asia, should also perform a role in enhancing bilateral economic cooperation to avoid the potential for bilateral conflict. The article also finds that bilateral economic co-operation between Pakistan and India has a spillover effect on the enhancement of regional economic cooperation in South Asia.

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