Many actors—from the president and members of Congress to interest groups, NGOs, and the media—compete to shape U.S. foreign policy. The new fifth edition captures this strategic interplay using 15 real-world cases, of which four are brand new: the death of Osama bin Laden and the use of targeted assassinations, nonproliferation policy and the U.S.–India nuclear agreement, the U.S. reaction to Egypt's collision with the Arab Spring, and the surprise asylum request of blind Chinese dissident Chen Guangcheng. Fully updated to cover the Obama administration, all cases have been revised to reflect recent developments. Whether grappling with use-of-force questions, the international financial crisis, legal and human rights, trade issues, multilateral approaches to the nuclear programs of North Korea and Iran, or climate change, Carter's engaging case study approach encourages students to question motives, consider alternatives, and analyze outcomes.

The Global Financial Crisis: Governments, Banks, and Markets

The Global Financial Crisis: Governments, Banks, and Markets

The global financial crisis: Governments, banks, and markets
Thomas D.Lairson

Before You Begin

  • What are the long-term and short-term causes of the financial crisis?
  • Whose actions and decisions contributed to the crisis?
  • Why did governments intervene in the economy and bail out banks?
  • What are some potential negative consequences of such actions?
  • What foreign policy choices are involved in efforts to solve problems created by the crisis?
  • How do the efforts to create a new regulatory regime affect power relations and foreign policies?
  • Does the concept of state capitalism expand our understanding of financial statecraft?


The interactions among powerful states during the time of the global financial crisis, from August 2007 to March 2009, and the continuing aftermath, were marked by great drama. The collapsing values of ...

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