International Political Economy Issues

Introduction to International Political Economy

There a number of entries in this encyclopedia related to the international political economy. And there a large number of entries in this encyclopedia related to the political economy in general.

International Political Economy Future Directions

Since the end of the Cold War, liberalism has generally prevailed over mercantilism and Marxism in academic and policy debates regarding the international political economy. The global expansion in international trade, business, and currency exchange has largely sustained the liberal argument about the benefits of free trade and open markets. Despite the collective goods problems and other obstacles to international cooperation, national governments and international organizations alike have found ways to make cooperation effective.

The international political economy faces a number of challenges in the coming decades. The largest challenge is addressing the dislocation caused by rapid economic change. While the theory of comparative advantage asserts that all nations benefit from free trade, the benefits are not distributed equally. The increased economic interdependence of rich and poor nations has resulted in a global backlash, with many poor nations viewing their poverty as a direct consequence of trade and open participation in the global economy.

The growing gap between developed and developing nations has produced significant global backlash, ranging from anti-Western Islamic movements in the Middle East to violence against immigrants in Germany to regular demonstrations at the annual meetings of the WTO and other international financial institutions. The deep economic depression in the former Soviet Union and economic and social deterioration in Africa also threaten the stability of an interdependent global economy.” (1)

Resources

Notes and References

• Information about International Political Economy Future Directions in the Encarta Online Encyclopedia

Guide to International Political Economy

See Also

globalization, global political economy, international political economy, media, cultural studies, international relations, economics, international finance

Further Reading

• Adler, E. (1992) The Emergence of Cooperation: National Epistemic Communities and the International Evolution of the Idea of Nuclear Arms Control. International Organization 46 (1), 101–45.
• Alt, J.E., Calvert, R.L., and Humes, B.D. (1988) Reputation and Hegemonic Stability: A Game-Theoretic Analysis. American Political Science Review, 82 (2), 445–66.
• Anheier, H., Glasius, M., and Kaldor, M. (2003) Global Civil Society 2003. Oxford: Oxford University Press.
• Arrighi, G. (1994) The Long Twentieth Century: Money, Power and the Origins of Our Times. London: Verso.
• Beck, U. (1992) Risk Society: Towards a New Modernity. London: Sage.
• Blyth, M. (2009) Introduction: IPE as a “Global Conversation”. In M. Blyth (ed.) Routledge Handbook in International Political Economy: IPE as a Global Conversation. London: Routledge, pp. 1–20
• Borrus, M., and Zysman, J. (1997) Wintelism and the Changing Terms of Global Competition: Prototype of the Future? BRIE Working Paper 96B. University of California, Berkeley, Feb.
• Bukharin, N. (1972/1917) Imperialism and World Economy. London: Merlin.
• Burn, G. (2006) The Re-emergence of Global Finance. London: Palgrave.
• Cameron, A., and Palan, R. (2004) The Imagined Economies of Globalization. London: Sage.
• Castells, M. (1996) The Rise of the Network Society. Oxford: Blackwell.
• Cerny, P.G. (1990) The Changing Architecture of Politics: Structure, Agency and the Future of the State. Newbury Park: Sage.
• Cohen, B.J. (2008) International Political Economy: An Intellectual History. Princeton: Princeton University Press.
• Cooper, R.N. (1983) The Economics of Interdependence. New York: Columbia University Press.
• Crouch, C., and Streeck, W. (eds.) (1997) The Political Economy of Modern Capitalism: Mapping Convergence and Diversity. London: Sage.
• de Soto, H. (2000) The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. London: Bantam Press.
• Dumenil, G., and Levy, D. (2004) Capital Resurgent. Cambridge: Harvard University Press.
• Elliott, L. (2004) The Global Politics of the Environment. London: Palgrave Macmillan.
• Evans, P.B., Jacobson, H.K., and Putnam, R.D. (1993) Double-Edged Diplomacy: International Bargaining and Domestic Politics. Berkeley: University of California Press.
• Foucault, M. (1977) Discipline and Punish. London: Allen Lane.
• Frieden, J. (1991) Invested Interests: The Politics of National Economic Policies in a World of Global Finance. International Organization 45 (4), 425–52.
• Giddens, A. (2003) Runaway World: How Globalization is Reshaping Our Lives. London: Routledge.
• Gill, S. (ed.) (1993) Gramsci, Historical Materialism and International Relations. Cambridge: Cambridge University Press.
• Gills, B (ed.) (2000) Globalization and the Politics of Resistance. London: Palgrave.
• Gilpin, R. (2003) Global Political Economy: Understanding the International Economy Order. Himayatngar: Orient Longman.
• Gowan, P. (1999) The Global Gamble: Washington’s Faustian Bid for World Dominance. London: Verso.
• Guzzini, S. (1998) Realism in International Relations and International Political Economy: The Continuing Story of a Death Foretold. London: Routledge.
• Haggard, S., and Simmons, B. (1987) Theories of International Regimes. International Organization 41 (3), 491–517.
• Halperin, S. (2004) War and Social Change in Modern Europe: The Great Transformation Revisited. Cambridge: Cambridge University Press.
• Harvey, D. (2005) A Brief History of Neoliberalism. Oxford: Oxford University Press.
• Held, D. (1995) Democracy and the Global Order: From the Modern State to Cosmopolitan Governance. Cambridge: Polity Press.
• Helleiner, E. (1994) States and the Reemergence of Global Finance. Ithaca: Cornell University Press.
• Hirst, P.Q. (1994) Associative Democracy: New Forms of Economic and Social Governance. Cambridge: Polity.
• Hobson, J.A. (1902) Imperialism: A Study. London: Allen and Unwin.
• Jessop, B. (1993) Towards a Schumpeterian Workfare State? Preliminary Remarks on Post-Fordist Political Economy. Studies in Political Economy 40, 7–39.
• Jessop, B. (2007) State Power. Cambridge: Polity Press.
• Keil, R. (2001) Globalization Makes States: Perspectives on Local Governance in the Age of the World City. Review of International Political Economy 5 (4), 616–46.
• Keohane, R.O. and Milner, H. (eds.) (1996) Internationalization and Domestic Politics. Cambridge: Cambridge University Press.
• Keohane, R.O., and Nye, J. (1977) Power and Interdependence: World Politics in Transition. Boston: Little Brown.
• Kindelberger, C. (1988) The International Economic Order: Essays on Financial Crisis and International Public Goods. London: Harvester Wheatsheaf.
• Krasner, S. (1983) International Regime. Ithaca: Cornell University Press.
• Lenin, V.I. (1917/1978) Imperialism, the Highest Stage of Capitalism. Moscow: Progress.
• Martin, R. (2002) The Financialization of Daily Life. Philadelphia: Temple University Press.
• McMichael, P. (1997) Rethinking Globalization: The Agrarian Question Revisited. Review of International Political Economy 4 (4, Winter), 630–62.
• Montgomerie, J. (2006) The Financialization of the American Credit Card Industry. Competition and Change 10 (3), 301–19.
• Nesvetailova, A. (2007) Fragile Finance: Debt, Speculation and Crisis in the Age of Global Credit. London: Palgrave.
• O’Brien, R. (1992) Global Financial Integration: The End of Geography. London: Pinter.
• Ohmae, K. (1985) Triad Power: The Coming Shape of Global Competition. Basingstoke: Macmillan.
• Olson, M. (1965) The Logic of Collective Action. Public Goods and the Theory of Groups. Cambridge: Harvard University Press.
• Palan, R. (ed.) (2000) Global Political Economy: Contemporary Theories. London: Routledge.
• Palan, R. (2003) The Offshore World. Sovereign Markets, Virtual Places, and Nomad Millionaires. Ithaca: Cornell University Press.
• Palan, R., and Cameron, A. (2009) Empiricism and Objectivity: Reflexive Theory Construction in a Complex World. In M. Blyth (ed.) Routledge Handbook of International Political Economy: IPE as a Global Conversation. London: Routledge.
• Patomäki, H. (2001) Democratising Globalization: The Leverage of the Tobin Tax. London: Zed Books.
• Peet, R. (2003) Unholy Trinity: The IMF, World Bank and WTO. London: Zed Books.
• Pijl, K. van der (1998) Transnational Classes and International Relations. London: Routledge.
• Pijl, K. van der (2007) Nomads, Empires, States: Modes of Foreign Relations and Political Economy. London: Pluto.
• Ritzer, G. (2007) The McDonaldization of Society. Thousand Oaks: Pine Forge Press.
• Robertson, R., and Lechner, F. (1985) Modernization, Globalisation and the Problem of Culture on World Systems Theory. Theory, Culture and Society 2 (3), 103–18.
• Rosamond, B. (2006) Disciplinarity and the Political Economy of Transformation: The Epistemological Politics of Globalization Studies. Review of International Studies, 13 (3), 516–32.
• Rupert, M. (1995) Producing Hegemony: The Politics of Mass Production and American Global Power. Cambridge: Cambridge University Press.
• Scholte, J.A. (1993) International Relations of Social Change. Buckingham: Open University Press.
• Sklair, L. (1991) Sociology of the Global System. Hemel Hempstead: Harvester Wheatsheaf.
• Snidal, D. (1985) The Limits of Hegemonic Stability Theory. International Organization 39, 579–614.
• Strange, S. (1986) Casino Capitalism. Oxford: Blackwell.
• Strange, S. (1988) States and Markets: An Introduction to International Political Economy. New York: Blackwell.
• Taylor, P.J. (1996) The Way the Modern World Works. World Hegemony to World Impasse. Chichester: John Wiley and Sons.
• Wallerstein, I. (1974) The Modern World-System, Vol. I. Capitalist Agriculture and the Origins of the European World-Economy in the Sixteenth Century. New York: Academic Press.
• Wallerstein, I. (1983) The Three Instances of Hegemony in the History of the Capitalist World-Economy. International Journal of Comparative Sociology XXIV, 100–8.
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• Walzer, M. (ed.) (1995) Toward a Global Civil Society. Oxford: Berghahn Books.
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• Williamson, J. (1989) What Washington Means by Policy Reform. In J. Williamson (ed.) Latin American Readjustment: How Much Has Happened. Washington: Institute for International Economics.
• Williamson, J. (2005) The Strange History of the Washington Consensus. Journal of Post Keynesian Economics 27 (2), 195–206.
• Wu, F. (ed.) (2007) China’s Emerging Cities: The Making of New Urbanism. London: Routledge.
• Yarborough, B., and Yarborough, R. (1987) Cooperation in the Liberalization of International Trade: After Hegemony What? International Organization 41, 1–26.
• Zacharakis, A.L., Meyer, G.D., and Decastro, J. (1999) Differing Perceptions of New Venture Failure: A Matched Exploratory Study of Venture Capitalists and Entrepreneurs. Journal of Small Business Management, 37 (3), 1–14.