Abstract
The United States and the Global Economy: From Bretton Woods to the Current Crisis by Frederick S. Weaver is reviewed. This book sketches the significant changes in economic connections between the United States and the rest of the global economy over the previous century from the early 1900s, paying attention to the interplay between domestic and international features. In the space of 149 pages of text, Weaver reviews key elements of a transition from a resource-rich industrial power and importer of capital and labor for development to a leading economic power even more integrated into world markets, but encountering new challenges from foreign transnational firms and new trading blocs. En route, he considers the changing architecture of international trade systems and institutions, principally the formation and then dissolution of the Bretton Woods arrangements, and U.S. approaches to political economy and regulation.
