International political economy ipe is the rapidly developing social science field of study that attempts to understand international and global problems using an eclectic interdisciplinary array of analytical tools and theoretical perspectives. Broadly viewing the global economy as a political competition that produces winners and losers, international political economy holistically and accessibly introduces the field of ipe to students. That, in its simplest form, is the theory of hegemonic stability which is. What are the cutting edge debates in global political economy. International relations and contemporary world issues fulvio attina department of political studies, university of catania, italy keywords. In turn, global environmental change gec is becoming an increasingly influential force in shaping the global political economy, with wideranging impacts on trade, finance, development, growth. It explores some of the approaches that have addressed the key concerns of theorists of gpe. Mar 10, 2010 global political economy is a network of all economies and polities of the world and a decision taken by a single country has global repercussions, which thus entail decisions to be taken collectively. I would like to acknowledge the very helpful comments of tim barton oup, and. An introduction to approaches, regimes, and issues.
The module aims to provide robust and critical knowledge of key concepts and theoretical debates in international political economy ranging from. Hammood abstract this essay focuses on contemporary international political economy ipe science. An unconventional introduction to mercantilism, liberalism, and marxism. Theories of ipe have traditionally recognised only equally low levels of agency in all individuals despite the vast disparity in levels of these surpluses. This article discusses africas political economy in the contemporary era. One of the most important contemporary critiques of realism is. Regulation theory background in french state interventionfrom state monopoly. Essentially, it is an introduction to the discipline of political economy, a survey of economic developments since world war ii, and an analysis of the. Perspectives on global power and wealth are primarily intended to introduce the study of international political economy to those with little or no prior knowledge of it.
Theory and practice is a fully updated, comprehensive textbook that builds on the strengths of the earlier editions but has been updated with a discussion of the ongoing global economic crisis. This introduction to global political economy offers a comprehensive introduction to global political economy, combining history, theory, and contemporary issues and debates. Understanding the international economic order delivers what it promises by giving readers an understanding of economic relations among nations. Perspectives on international political economy the first chapter of the text deals with the fundamental nature of international political economy ipe and some analytical issues related to its multidimensional character. Poliintl 365 international political economy ipe bill newmann. Africas political economy in the contemporary era oxford. At its centre have always been questions of human welfare and how these might be related to state behaviour and corporate interests in different parts of the world. Contemporary global political economy is mostly being governed according to the principles of liberal ideology. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Political economy definition, components, and theories.
Computing power is increasingly an impetus to the world economy, and technological developments have changed and are changing almost every aspect of contemporary economic affairs. Political economy is a social science that studies production, trade, and their relationship with the law and the government. Backgrounds in political science, international relations and economics would be very. This book presents an invaluable overview of all the major contemporary debates and approaches at the forefront of european and north american global political economy. Theories and issues in international political economy po942. Jan 28, 2016 read book global political economy contemporary theories ripe series in global political economy full ebook. At one point in my work on this book, i intended it to be a second edition of my 1987 book. Global political economy gpe is a broad and varied field of study and draws insight from a great number of fields and approaches. Chapter 5 develops two alternative ipe perspectivesconstructivism and feminismthat derive, in part, from the three main outlooks. This essay is intended to be a quick introduction to some of the key concepts and key terminologies of ipe. Ioannisdionysios salavrakos university of western greece greece 1. The study of global political economy politics trove. Dec 29, 2016 global political economy is a field of study that deals with the interaction between political and economic forces. The paper first considers these theories of economic development and shows how significant ais are in developing countries in the global economy.
International global political economy defined finally. Ipe today widely appreciated and the subject of much theoretical research and applied policy analysis. It is the study of how economic theories affect different socio economic systems such as socialism and communism, along with the creation and implementation of public policy. There is no world government but the many different regimes of global governance do have commonalities. Global political economy is a network of all economies and polities of the world and a decision taken by a single country has global repercussions, which thus. Definitions and characteristics central characteristics which mutually constitute a political economy approach. The fifth edition of this popular text offers a comprehensive introduction to global political economy, combining history, theory, and contemporary issues and debates. The political economy of the south african revolution bernard magubane the white man in south african colonies feels that the colony ought to be his and. Global political economy ronen palan ebok 97816223976. The first half of the module will focus on the global financial crisis gfc for two reasons. Is the single european market a free trade agreement or an example of regional protectionism.
Most forms of economic activity are functioning according to the liberal rules and policy regulations and are based on the goal of free trade. International political economy, philosophy of science, united states. Gilpins global political economy considers each of these developments. Contemporary theories of gpe the course outline lists the ereadings of this text in addition. Thus, while it is not a course in international economics, the course will employ some basic economic concepts that will be explained in the lectures and reading. Introduction the intellectual aspiration of the paper is to cover both theoretical aspects associated with political economy, the role of the state and economic policy, especially in the era of crisis. These theoretical tools are useful in understanding many political, economic, and social issues in the global economy of the past as well as the present. Reflecting a lifetime of scholarship, it offers a masterful survey of the approaches that have. The political economy of the south african revolution. It contains both an excellent discussion of theoretical debates as well as the main issue areas. May 18, 2010 those of us in possession of surpluses of time, wealth and power appear then to have little motivation to use them to affect agency within the global political economy.
It begins with an overview of various theories, models and debates that address african economic performance before turning to a discussion of the interrelationships between institutions, politics, and economic change. Contemporary theories routledgeripe studies in global political economy ronen palan on. The political significance of the new economic theories. International political economy in an age of globalization ngaire woods a final version of this paper appears as chapter in john baylis and steve smith eds, the globalization of world politics, oxford university press, 2001, pp. It is the study of how economic theories affect different socioeconomic systems such as socialism and communism, along with the creation and implementation of public policy. With a careful balance of empirical material and critical analysis, the chapters introduce readers to the diversity of perspectives in gpe, and encourage readers to unpack claims and challenge explanations. Contemporary international political economy university of. Find, read and cite all the research you need on researchgate.
The crisis has sparked a major period of selfreflection in international political economy ipe. International political economy in an age of globalization. The only introduction to global political economy that lets students learn from the very top scholars in the field. Political economy a from political economy to the critique of political economy the rentier perspective and the value controversy e emergence of sociology ocial discipline and the disciplinary organisation of academia. The argument is not simply that the system is or has been governed by a cycle of periods of economic political military primacy, and leadership succession attempts, although that has been the case, but also that there are aspects of the dynamics that suggest a potential for further. While the contemporary system of global political relations is not integrated, the relation between the various regimes of global governance is not insignificant, and the system does have a common dominant organizational form.
International political economy ipe, also known as global political economy gpe, refers to either economics or an interdisciplinary academic discipline that analyzes economics, politics and international relations. A brief introduction to theories of international political. Has the leftright axis of politics been replaced by the choice between pro and antiglobalization agendas. Many scholars think that the crisis has revealed major.
This volume provides an introduction to the field of global political economy gpe. One of the serious problems confronting academics and students is the sheer mass of theories and debates in the field. International relations and contemporary world issues. Chapters 2 through 4 are the core chapters of the text that explore the. What is meant by international political economy how the global economy has evolved over time rival theoretical approaches to understanding international political economy. Political economy has been the term used for the past 300 years to express the interrelationship between the political and economic affairs of the state. If you have questions about anything in the essay, let me know. The emergence of the global political economy given the current fascination with globalization and its possible implications, it is worth keeping in mind that the processes associated with globalization have been ongoing for centuries. However, i eventually realized that the political, economic, and theoretical changes mentioned above, as well as changes in my own thinking about internationalpoliticaleconomy, warranted a wholly new book on the subject. Contemporary theories ripe series in global political economy series by ronen palan. Political economy, theories of the state and economic crisis dr.
628 1157 737 1337 477 161 574 581 1222 1385 465 1370 1250 836 133 238 649 812 451 1337 1431 1491 1582 513 1000 46 1185 845 629 1168 612 1480 653 1030 1085 1357 154 620 1192 1322 1183 1083 31 333 1135