In Imperialism and Global Political Economy Alex Callinicosintervenes in one of the main political and intellectual debates ofthe day. The global policies of the United States in the pastdecade have encouraged the widespread belief that we live in a newera of imperialism. But is this belief true, and what does'imperialism' mean?Callinicos explores these questions in this wide-ranging book.In the first part, he critically assesses the classical theories ofimperialism developed in the era of the First World War by Marxistssuch as Lenin, Luxemburg, and Bukharin and by the Liberal economistJ.A. Hobson. He then outlines a theory of the relationship betweencapitalism as an economic system and the international statesystem, carving out a distinctive position compared to othercontemporary theorists of empire and imperialism such as AntonioNegri, David Harvey, Giovanni Arrighi, and Ellen Wood.In the second half of Imperialism and Global Political EconomyCallinicos traces the history of capitalist imperialism from theDutch East India Company to the specific patterns of economic andgeopolitical competition in the contemporary era of Americandecline and Chinese expansion. Imperialism, he concludes, is farfrom dead.