A01=Noel Maurer
Adviser
Age Group_Uncategorized
Age Group_Uncategorized
Amendment
Annexation
Annual report
Arbitration
Author_Noel Maurer
automatic-update
Behalf
Bolivia
Bond (finance)
Calvo Doctrine
Cash flow
Category1=Non-Fiction
Category=JPS
Category=KCL
Category=KCZ
COP=United States
Corruption
Covert operation
Creditor
De facto
Debt
Debt Issue
Delivery_Delivery within 10-20 working days
Dollar diplomacy
Dominican Republic
Economic sanctions
Ecuador
Eminent domain
Employment
eq_bestseller
eq_business-finance-law
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
Expense
Expropriation
External debt
Failed state
Foreign direct investment
Foreign policy
Government debt
Government revenue
Gulf Oil
Herbert Hoover
Honduras
Income
Informal empire
Insurance
Insurgency
International law
Investment
Investor
Language_English
Latin America
Legislation
Liberia
Market value
Nationalization
Natural resource
Net present value
Nicaragua
PA=Available
Paraguay
Payment
Philippines
Politician
Politics
Precedent
Price_€20 to €50
Protectorate
Provision (contracting)
PS=Active
Receipt
Receivership
Right to property
Roosevelt Corollary
softlaunch
Sovereign immunity
Sovereignty
Subsidiary
Tariff
Tax
Tax rate
Treaty
United States
United States Department of State
Vice president
Product details
- ISBN 9780691155821
- Weight: 907g
- Dimensions: 152 x 235mm
- Publication Date: 25 Aug 2013
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
- Language: English
Secure
checkout
Fast Shipping
Easy returns
Throughout the twentieth century, the U.S. government willingly deployed power, hard and soft, to protect American investments all around the globe. Why did the United States get into the business of defending its citizens' property rights abroad? The Empire Trap looks at how modern U.S. involvement in the empire business began, how American foreign policy became increasingly tied to the sway of private financial interests, and how postwar administrations finally extricated the United States from economic interventionism, even though the government had the will and power to continue. Noel Maurer examines the ways that American investors initially influenced their government to intercede to protect investments in locations such as Central America and the Caribbean. Costs were small--at least at the outset--but with each incremental step, American policy became increasingly entangled with the goals of those they were backing, making disengagement more difficult.
Maurer discusses how, all the way through the 1970s, the United States not only failed to resist pressure to defend American investments, but also remained unsuccessful at altering internal institutions of other countries in order to make property rights secure in the absence of active American involvement. Foreign nations expropriated American investments, but in almost every case the U.S. government's employment of economic sanctions or covert action obtained market value or more in compensation--despite the growing strategic risks. The advent of institutions focusing on international arbitration finally gave the executive branch a credible political excuse not to act. Maurer cautions that these institutions are now under strain and that a collapse might open the empire trap once more. With shrewd and timely analysis, this book considers American patterns of foreign intervention and the nation's changing role as an imperial power.
Noel Maurer is associate professor of business administration at Harvard Business School. He is the author of The Power and the Money and coauthor of The Politics of Property Rights, Mexico since 1980, and The Big Ditch (Princeton).
