The Routledge Handbook to Global Political Economy: Conversations and Inquiries
A handbook for teaching, learning and researchIPE and GPEI: Historical waves and diverse ontological axesII: Theoretical methodological perspectivesIII: Beyond traditional perspectivesIV: Regional perspectives and inquiriesV: New research arenasReferencesGlobal conversations and inquiriesGPE: a growing research fieldTeaching GPEResearch in GPENoteBibliographyI: Historical waves and diverse ontological axesThe sick man of IPE: the British SchoolIntroductionThe special relationship between the British and American schools of IPE Box 2.1 Key pointsAn alternative history of British political economy? Box 2.2 Key pointsThe British School’s preoccupations Box 2.3 Key pointsConcluding thoughts: (un)doing political economy Box 2.4 Key pointsBibliographyGlobalizing the historical roots of IPEIntroductionLocalizing Western ideologyLocal origins of similar ideologiesLocal origins of different ideologiesInfluencing Western thoughtConclusionNotesBibliographyThe state of development in a globalized world: perspectives on advanced and industrializing countriesIntroductionRemoving the state from the development storyDownplaying the importance of industrial production in developmentWhy production and the state matterWhy the decline of manufacturing is problematic for development?The decline of manufacturingWhat room for the state?GVCs as problem or solution?Political choice matters: five casesConclusionNotesBibliographyThe international political economy of the rise of China and emerging powers: traditional perspectives and beyondIntroduction: the placement of discussionConceptual/theoretical discussionThe rise of China/emerging powers – realism’s perceptionThe rise of China/emerging powers – liberalism’s understandingThe rise of China/emerging powers – the constructivism’s interpretationThe rise of China/emerging powers – world system theory’s perspectivesThe rise of China/emerging powers – the Gramscian and the Neo-Gramscian perspectiveThe implication of the IPE of China’s global rise: redividing the divided world?The IPE of the Chinese mode of capital accumulation and expansionBeyond the conventional IPE perspective: “interdependent hegemony”The multifaceted aspects of “interdependent hegemony”Interdependent hegemony between the existing and emerging powersThe new IPE relationships shaped by China’s rise"Room for maneuver," "upward mobility," "promotion by invitation," "seeing the chance"Concluding remarksNotesBibliographyThe tailoring of IPE in Latin America: lost, misfit, or merely misperceived?Cutting out the cloth: it might have been IPE from birthReflecting on rootsThe regional cloth as epistemic foundationAnd now what?Prospects and optionsNotesBibliographyThe international political economy of Africa in theory and practiceIntroductionAfrica and ‘global IR’ and global governanceProspects for regional development: African human development and security post-2015African IR in the post-2015 global political economyEmerging economies, states, societies, think tanks and universitiesVarieties of developmentNew developmental regionalisms as foundations of IRVarieties of transnational governance and developmental regionalismAfrican capitalism and African IR and IPENotesBibliographyII: Theoretical and methodological perspectivesOpen economy monetary politicsIntroductionInterdisciplinarity and bridgebuildingInternational monetary cooperation from the ground upIndividual currency preferencesDomestic institutional impactsGlobal interactions and outcomesA maturing intra-discipline Assessing progress in the IPE of moneyBibliographyThe politics of trade in an open economy: domestic competition over policyIntroductionIdentifying the array of domestic interestsStolper–Samuelson vs. sector-specificitySector-specificity vs. intra-industry firm heterogeneityTrade-offs associated with each modelData availabilityAccuracy in interests vs. observations in political activityHow individuals organize for political activityBarriers to collective actionInterest groups’ inherent attributesOvercoming barriers to collective actionIncorporating other cleavagesPreexisting cleavagesAre cleavages reinforcing or crosscutting?Expressing preferences in politicsLobbyingResources interests’ groups bring to bearInstitutional settings and the value of different resourcesPolitical partiesParties as aggregations of interestsParties as channels of influenceCompetition within institutional settingsLobbying and legislationElectionsImplementing the preferred policyForms of trade policyLegislationInternational agreementsThe international structure of preferencesBilateral relationsInternational regimesRecognizing trade policy’s feedbackThe economic impact of a change in policyRedistributing wealthRedistributing political powerWhy trade’s impact mattersEconomic changesNoneconomic outcomesChoosing the right tools for understanding the politics of tradeOpportunities and constraints with economic modelsModeling the political processesLimitations of the open economy approachBibliographyGlobal commodity chains, global value chains and global production networksIntroductionCommodity and value chainsExtensions of the GVC approachProduction networksStrategic coupling, the state and industrial policyConclusionFootnoteNotesBibliographyThe IPE of regional value chainsIntroductionThe reach of value chains: global or regional?The creation of regional economic spacesRVCs as policy spaces and political spacesRVCs as spaces for re-regulation the role of regional organizationsConclusionNotesBibliographyConstructivist IPEIntroductionComparing material–rationalist and constructivist approaches to IPEConstructivism and the politics of international tradeConstructivism and the politics of international money and financeConstructivism’s contributions to the study of IPENotesBibliographyWorld order: perspectives on lines of transformationAn age of uncertaintyOn the concept of world orderNeglected concerns: shocks, agency and precisionLines of transformationThe economic transformations: inequality, technology and globalizationTheoretical lines of transformationThe realist transformation: security, state power and multipolarityThe liberal transformation: complexity and institutionalized compromisesThe constructivist transformation: uncertainties, visions and valuesThe transformation of the trading orderThe crisis of the WTORecalling the social purpose of the WTOIdentifying the threats to the WTO orderAssessing the threat to the trading orderA return to states or agency in IPE?ConclusionsNoteBibliographyKarl Marx and critical international political economyIntroductionFrom Marx to critical international political economyMethod of inquiry and goalsKey concepts in critical political economyThe capitalist mode of production and international relationsContemporary approaches in critical international political economyConclusionsBibliographyGramscian IPEGramsci and IPE: planning a journeyRobert W. Cox: from historical structures and world hegemony to the internationalization of the stateGlobalization processes and the route from internationalization to transnationalization of the stateDealing with the (neo)Gramscian IPE conundrum: past, present and futureNotesBibliographyThe concept(s) of hegemony in IPEIntroductionTwo definitions of hegemonyUS hegemony or neoliberal hegemony?The rise of China or counter-hegemonyBox 16.3 Regional hegemonyRegional hegemony or variegated neoliberalism?ConclusionNotesBibliographyGhosts, pluriverse and hopes. From "development" to post-developmentIntroduction: the relevance of post-developmentDevelopment, an unreachable ghost with a “developmentalist reason”Post-development principles for a hopeBuilding blocks for a post-capitalist pluriverseNotesBibliographyIII: Beyond traditional perspectivesThe BRICS initiative as a challenge to contemporary IPEIntroductionTheoretical considerationsThe BRICS origins and purposeUnderstanding the BRICS subsumption processRobert Cox’s historical and dialectical model of hegemonyFinal considerationsBibliographyThe long battle for global governance continuedIntroductionThe ‘long battle’ in its historical phasesThe proclaimed new world orderTowards global crisisConclusionBibliographyThe global political economy of regionalism: beyond European and North American conceptual cagesIntroduction: debates and methodological orientationsIPE and regionalismNorth American and British IPEIPE and theories of regionalismSuccessful ideas at one point in time can turn into “conceptual cages” in anotherEurocentric regionalismLiberal economic integrationActor-oriented North American Regional PerspectivesNeoliberal institutionalismConclusionsNoteBibliographyThe IPE of transnational class and contemporary capitalismTransnational capitalism: an introductionNeo-Gramscian perspectives and the global capitalism thesisClass formation in historical perspective: the rise of a transnational capitalist classThe rise in transnational production and financial flowsInstituting neoliberal disciplineConclusion: discontinuity and the contestation of hegemonyBibliographyThe IPE of degrowth and sustainable welfareIntroductionCapitalism and natureThe diversity of real-existing capitalismDegrowth and sustainable welfareEco-social policies: caps on wealth and incomeThe political economy of a degrowth paradigm shiftConclusionBibliographyExtractivism: the curse of plentyIntroductionThe curse of alarmist literatureA look at what underlies this age-old curseA culture of miracles threatens democracyUnderstanding the main pathologies of these cursesNew horizons of freedom for overcoming so many cursesNotesBibliographyIPE of borders: between formal and informal regionalismsIntroductionBorders in the global orderThe importance of local levelFormal–informal nodesTransnational crime: corruption and kinshipNatural resources: institutional vacuum and developmentMigration and refuge: market demands and conflictConclusionBibliographyThe international political ecomomy of war and liberal peaceIntroductionEconomic transformations, war and peaceRegime change wars: costing conflictCivil war economiesGreed, grievance and fundingPolitical economy of peace missionsConclusionBibliographyTransnational organized crime and political economyIntroductionThe conceptThe contribution of the American schoolsThe Marxist theoriesIPE and TOCConclusionBibliographyIV: Regional perspectives and inquiriesIPE beyond Western paradigms: China, Africa, and Latin America in comparative perspectiveIntroductionIPE and the limits of the global conversationIPE in Africa Box 27.2 African IPEIPE in China Box 27.3 IPE in ChinaIPE in South America Box 27.4 Until the 1980s, IPE has been marked by …ConclusionsBibliographyThe political economy of the European Union: between national and supranational politicsIntroductionTrapped in an international political trilemmaThe European Monetary Union and the Eurozone crisisThe European constraints on national budgetsThe European social agenda versus national social pactsThe challenge of the politicization of the EUConclusionNotesBibliographyIPE scholarship about Southeast Asia: theories of development and state–market–society relationsIntroductionDevelopment theoryState theoryTheories of state–market–society relationsSoutheast Asia at the turn of the twenty-first centuryBibliographyEast Asia's developmental states in evolution: the challenge of sustaining national competitiveness at the technological frontierIntroductionEast Asia’s developmental states and economic catch-upStrategizing for competing at the technological frontierPolitical appetite for higher risk innovationThe organization of innovationGrowth of global production and innovation networksConclusionNoteBibliographyBuilding an interdependence framework for the IPE of a rising IndiaIntroductionThe argument and approach adopted in this chapterMapping India’s rise with both domestic and international concerns in mindWhat are the sources of India’s rise?What do theories of policy change tell us about the factors that led to change in India?Technocratic ideas as a driving forcePolitical strategy and state autonomyInterest-driven and institutional arguments for policy changeWhat is the nature of the emerging political economy in India?India’s international political economyAn inside out perspective: what strategies does India adopt?Building an interdependence framework: thinking about linkages of actors, ideas, and interestsConclusionNotesBibliographyThe international political economy of human security in AfricaIntroductionInternational political economy approaches and securityHuman securityInternational political economy and human securityContemporary issues in international political economy and human security in AfricaConclusionBibliographyRegionalism in the Middle East: Turkish case in perspectiveIntroductionRegionalism: a framework for analysisThe rise and fall of the ‘Turkish trading state’Domestic sources of regional powerhoodConclusionNotesBibliographyThe IPE of development finance in Latin AmericaIntroductionThe idea of development: a brief historical analysisDevelopment finance: from the North hegemony to Southern sourcesFrom Bretton Woods to Washington consensusThe rise of the rest: development finance, an Asian approachChinaThe bilateral movementChina goes multilateralDevelopment finance: a short reading listA brave new world, new actors, new challenges, old shortcomingsSustainable development, finance and climate changeConclusionsNotesBibliographyThe constructivist IPE of regionalism in South AmericaIntroduction – a constructivist framework for the study of regionalismThe Andean CommunityMercosurConclusionNotesBibliographyThe IPE of Caribbean developmentIntroductionArthur Lewis and Caribbean ‘modernisation’The New World Group and West Indian ‘After the impasse: new directions for Caribbean political economyConclusionBibliographyV: New research arenasThe IPE of global social policy governanceIntroductionStudying social policy from a global perspectivelevel for social policyExploring the drivers and mechanisms of social policy regionalismRegional organisations and the practices of social policy regionalismThe complexity and challenges of the IPE of global social policyBibliographyGlobalization and global production networksIntroductionGlobalization as an unintended consequence of neo-protectionismDe-globalizationConclusionBibliographyThe IPE of global tax governanceIntroductionThe nuts and bolts of global tax governanceA trilemma of cooperationTwo axes of conflictState-centric constructivist and critical perspectives on global tax governanceConclusionNotesBibliographyThe political economy of new technology – especially with an eye to the labour marketIntroductionDelete or expand news jobs?Theoretical understanding of changes in the labour marketA short note on welfare states, labour market policy and new technologyChoice and options related to new technologyConcluding remarksNotesBibliographyCyberpolitics and IPE: towards a research agenda in the Global SouthIntroductionSocio-technical relations of production, forms of governance and digital world (dis)ordersCyberpolitics in the contours of digital world (dis)ordersConclusionsNotesBibliographyThe IPE of regional energy integration in South AmericaIntroductionTheoretical frameworkSouth American energy integrationGlobal energy changesImpacts on regional energy integrationConclusionsNotesBibliographyIndustrial policy in Latin America: a theoretical discussionIntroductionStates and markets: the key contours of the debate over industrial policyLinks between the lost decade in Latin America and de-industrialization policiesWhy industrial policy?Industrial policy: specific issuesFDI policyIndustrial upgrading and international tradeLocalizing industrial policyDifferent perspectives on the role of the state in industrializationThe rediscovery of industrial policy and the current contours of industrial policyBibliographyThe IPE of global corporationsIntroductionIPE theories and globalisationThree faces of powerInstrumental powerStructural powerDiscursive powerConclusionBibliographyThe International Political Economy of cities and urbanization: insights from Latin AmericaIntroductionConceptualizing the IPE of cities and urbanization: a theoretical frameworkThe urban process under capitalismWorld-systems analysis and global city networksPlanetary urbanization and global urbanismResearch arenas on the IPE of cities and urbanization in Latin AmericaGlobalization and global city formationUrban megaprojectsUrban financializationExtended urbanization and transnational planningConclusionFootnoteNotesBibliographyMigration and international political economyIntroductionMigration dynamics in the global economySovereignty and security: migration in mainstream IPEGlobalisation and the roots of inequality: critical approaches in IPEKey migration issues within IPEThe way forward: how migration reshapes the discipline of IPENotesBibliographyInternational political economy and the environmentIntroductionMainstream theoretical perspectives on sustainability and their influence on IPE&EBuilding a common action agenda for coping with climate change and biodiversity and ecosystem services degradationTowards interand transdisciplinary IPE&E knowledgeConclusion: transformations towards sustainability?BibliographyConceptual hinges between international political economy and Economic Intelligence: some disciplinary challengesIntroductionThe necessity of a discussion about Economic IntelligenceInternational political economy as a disciplinary spectrumConceptual hinges: geoeconomy, interdependence, and securityConclusionsBibliographyThe IPE of money laundering and terrorist financeIntroductionEvolution of a global financial regimeAnti-money launderingCombating the financing of terrorismAML/CFT in practiceEnforcement mechanisms and consequencesConclusionsBibliography