Market Power Politics: War, Institutions, and Strategic Delay in World Politics

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Stephen E. Gent (Associate Professor of Political Science, Associate Professor of Political Science, University of North Carolina at Chapel Hill) Mark J.C. Crescenzi (Nancy Hanes White Distinguished Professor of Political Science, Nancy Hanes White Distinguished Professor of Political Science, University of North Carolina at Chapel Hill)

Market Power Politics

War, Institutions, and Strategic Delay in World Politics

Stephen E. Gent (Associate Professor of Political Science, Associate Professor of Political Science, University of North Carolina at Chapel Hill), Mark J.C. Crescenzi (Nancy Hanes White Distinguished Professor of Political Science, Nancy Hanes White Distinguished Professor of Political Science, University of North Carolina at Chapel Hill)

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English

Oxford University Press Inc
05 May 2022

Central government policies; International relations; Political economy; Military engineering

A new theory of market power politics that explains when and why states will delay cooperation or even fight wars in pursuit of this elusive goal.

How are the Iraqi invasion of Kuwait, the Russian incursions into Ukraine and Georgia, and China's occupation of islands in the South China Sea related? All three of these important moments in modern history were driven by the motivation to capture market power. Whether it was oil for Iraq, natural gas for Russia, or rare earth elements for China, the goal isn't just the commodities themselves--it is the ability to determine their price on the global market. In Market Power Politics, Stephen Gent and Mark Crescenzi develop a new theory of market power politics that explains when and why states will delay cooperation or even fight wars in pursuit of this elusive goal. Empirically examining case studies from different regions of the world, they explore how competition between states over market power can create disruptions in the global political economy and potentially lead to territorial aggression and war. They also provide clear policy recommendations, urging international institutions to establish norms that reduce the potential for open conflict. Ultimately, Market Power Politics shows that nations' desire to increase their market power means that the push for territorial expansion will continue to shape the trajectory of world politics.

By: Stephen E. Gent (Associate Professor of Political Science Associate Professor of Political Science University of North Carolina at Chapel Hill), Mark J.C. Crescenzi (Nancy Hanes White Distinguished Professor of Political Science, Nancy Hanes White Distinguished Professor of Political Science, University of North Carolina at Chapel Hill)
Imprint: Oxford University Press Inc
Country of Publication: United States
Dimensions: Height: 155mm, Width: 234mm, Spine: 18mm
Weight: 440g
ISBN: 9780197529812
ISBN 10: 019752981X
Pages: 280
Publication Date: 05 May 2022
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

List of Figures List of Tables Preface Abbreviations 1. Introduction PART ONE: A THEORY OF MARKET POWER POLITICS 2. Markets, Institutions, and Property Rights Disputes 3. Market Power, War, and Strategic Delay PART TWO: MARKET POWER POLITICS IN COMMODITY MARKETS 4. Empirical Cases 5. Iraq: Fighting for Market Power 6. Russia: Cornering the Gas Market 7. China: Capturing Seabed Resources 8. Conclusion Bibliography

Stephen Gent Associate Professor of Political Science, University of North Carolina at Chapel Hill, Mark Crescenzi Nancy Hanes White Distinguished Professor of Political Science, University of North Carolina at Chapel Hill Stephen E. Gent is Associate Professor of Political Science at the University of North Carolina at Chapel Hill. His research largely focuses on the role of third parties in conflict and conflict resolution, including the causes and consequences of military intervention, international mediation, and legal dispute resolution. His work has appeared in the Journal of Politics, International Studies Quarterly, the Journal of Conflict Resolution, and the Journal of Peace Research. Mark J.C. Crescenzi is the Nancy Hanes White Distinguished Professor of Political Science at the University of North Carolina at Chapel Hill. He specializes in the causes of international conflict and conflict resolution, including institutional, economic and reputation-based motivations for violence. He is the author of Economic Interdependence and Conflict in World Politics and Of Friends and Foes: Reputation and Learning in International Politics.

Reviews for Market Power Politics: War, Institutions, and Strategic Delay in World Politics

Gent and Crescenzi develop an innovative theory of market power politics to explain contemporary territorial disputes as property rights disputes. Their approach helps resolve the puzzling behavior of territorial expansionism in an age where economic interdependence and international institutions are expected to mute or eliminate territorial conflict. * Cameron G. Thies, Arizona State University * This book provides strong evidence that territorial disputes are not going away. Gent and Crescenzi explain why states like China and Russia continue to press expansionist territorial claims while fully integrated in the world economy. Providing a cutting-edge explanation of property rights and market power politics, the authors address the puzzle of why states are sometimes territorially aggressive and other times constrained by economic interdependence and institutions. The book challenges scholars and policy makers to think more creatively about conflict and resolution of territorial disputes. * Krista E. Wiegand, University of Tennessee *