Hans Abrahamsson assesses the current world order and structural change, within an historical framework. He analyzes the interaction of Pax American and the Bretton Woods system in the postwar period, and its impact, specifically on the development of Southern Africa. The author also proposed an analytical model and a methodological framework for the study of the international political economy and its global and local implications. Finally, he addresses the circumstances behind the current opportunity for global change, and the social forces and political action required in order to seize it.

Contents: (1) U.S.-Israeli Relations and the Role of Foreign Aid; (2) U.S. Bilateral Military Aid to Israel: A 10-Year Military Aid Agreement; Foreign Military Financing; Ongoing U.S.-Israeli Defense Procurement Negotiations; (3) Defense Budget Appropriations for U.S.-Israeli Missile Defense Programs: Multi-Layered Missile Defense; High Altitude Missile Defense System; (4) Aid Restrictions and Possible Violations: Israeli Arms Sales to China; Israeli Settlements; (5) Other Ongoing Assistance and Cooperative Programs: Migration and Refugee Assistance; Loan Guarantees for Economic Recovery; American Schools and Hospitals Abroad Program; U.S.-Israeli Scientific and Business Cooperation; (6) Historical Background. Illustrations.