Awards

• Winner of Winner, 2022 Hedley Bull Prize in International Relations, European Consortium for Political Research.

Overview

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.

Full Product Details

9780197529812

Table of Contents

Reviews

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 *

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 *

Author Information

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.

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