The Routledge handbook to global political economy : conversations and inquiries

Cover
Half Title
Title Page
Copyright Page
Table of Contents
List of figures
List of tables
List of boxes
Notes on contributors
Acknowledgements
List of abbreviations
Introduction
	A handbook for teaching, learning and research
	IPE and GPE
	Part I: Historical waves and diverse ontological axes
	Part II: Theoretical methodological perspectives
	Part III: Beyond traditional perspectives
	Part IV: Regional perspectives and inquiries
	Part V: New research arenas
	References
Chapter 1: Global conversations and inquiries
	GPE: a growing research field
	Teaching GPE
	Research in GPE
	Note
	Bibliography
Part I: Historical waves and diverse ontological axes
	Chapter 2: The sick man of IPE: the British School
		Introduction
		The special relationship between the British and American schools of IPE Box 2.1 Key points
		An alternative history of British political economy? Box 2.2 Key points
		The British School’s preoccupations Box 2.3 Key points
		Concluding thoughts: (un)doing political economy Box 2.4 Key points
		Bibliography
	Chapter 3: Globalizing the historical roots of IPE
		Introduction
		Localizing Western ideology
		Local origins of similar ideologies
		Local origins of different ideologies
		Influencing Western thought
		Conclusion
		Notes
		Bibliography
	Chapter 4: The state of development in a globalized world: perspectives on advanced and industrializing countries
		Introduction
		Removing the state from the development story
		Downplaying the importance of industrial production in development
		Why production and the state matter
		Why the decline of manufacturing is problematic for development?
		The decline of manufacturing
		What room for the state?
		GVCs as problem or solution?
		Political choice matters: five cases
		Conclusion
		Notes
		Bibliography
	Chapter 5: The international political economy of the rise of China and emerging powers: traditional perspectives and beyond
		Introduction: the placement of discussion
		Conceptual/theoretical discussion
		The rise of China/emerging powers – realism’s perception
		The rise of China/emerging powers – liberalism’s understanding
		The rise of China/emerging powers – the constructivism’s interpretation
		The rise of China/emerging powers – world system theory’s perspectives
		The rise of China/emerging powers – the Gramscian and the Neo-Gramscian perspective
		The implication of the IPE of China’s global rise: redividing the divided world?
		The IPE of the Chinese mode of capital accumulation and expansion
		Beyond the conventional IPE perspective: “interdependent hegemony”
		The multifaceted aspects of “interdependent hegemony”
		Interdependent hegemony between the existing and emerging powers
		The new IPE relationships shaped by China’s rise
		“Room for maneuver,” “upward mobility,” “promotion by invitation,” “seeing the chance”
		Concluding remarks
		Notes
		Bibliography
	Chapter 6: The tailoring of IPE in Latin America: lost, misfit, or merely misperceived?
		Cutting out the cloth: it might have been IPE from birth
		Reflecting on roots
		The regional cloth as epistemic foundation
		And now what?
		Prospects and options
		Notes
		Bibliography
	Chapter 7: The international political economy of Africa in theory and practice
		Introduction
		Africa and ‘global IR’ and global governance
		Prospects for regional development: African human development and security post-2015
		African IR in the post-2015 global political economy
		Emerging economies, states, societies, think tanks and universities
		Varieties of development
		New developmental regionalisms as foundations of IR
		Varieties of transnational governance and developmental regionalism
		African capitalism and African IR and IPE
		Notes
		Bibliography
Part II: Theoretical and methodological perspectives
	Chapter 8: Open economy monetary politics
		Introduction
		Interdisciplinarity and bridgebuilding
		International monetary cooperation from the ground up
		Individual currency preferences
		Domestic institutional impacts
		Global interactions and outcomes
		A maturing intra-discipline Assessing progress in the IPE of money
		Bibliography
	Chapter 9: The politics of trade in an open economy: domestic competition over policy
		Introduction
		Identifying the array of domestic interests
		Stolper–Samuelson vs. sector-specificity
		Sector-specificity vs. intra-industry firm heterogeneity
		Trade-offs associated with each model
		Data availability
		Accuracy in interests vs. observations in political activity
		How individuals organize for political activity
		Barriers to collective action
		Interest groups’ inherent attributes
		Overcoming barriers to collective action
		Incorporating other cleavages
		Preexisting cleavages
		Are cleavages reinforcing or crosscutting?
		Expressing preferences in politics
		Lobbying
		Resources interests’ groups bring to bear
		Institutional settings and the value of different resources
		Political parties
		Parties as aggregations of interests
		Parties as channels of influence
		Competition within institutional settings
		Lobbying and legislation
		Elections
		Implementing the preferred policy
		Forms of trade policy
		Legislation
		International agreements
		The international structure of preferences
		Bilateral relations
		International regimes
		Recognizing trade policy’s feedback
		The economic impact of a change in policy
		Redistributing wealth
		Redistributing political power
		Why trade’s impact matters
		Economic changes
		Noneconomic outcomes
		Choosing the right tools for understanding the politics of trade
		Opportunities and constraints with economic models
		Modeling the political processes
		Limitations of the open economy approach
		Bibliography
	Chapter 10: Global commodity chains, global value chains and global production networks
		Introduction
		Commodity and value chains
		Extensions of the GVC approach
		Production networks
		Strategic coupling, the state and industrial policy
		Conclusion
		Footnote
		Notes
		Bibliography
	Chapter 11: The IPE of regional value chains
		Introduction
		The reach of value chains: global or regional?
		The creation of regional economic spaces
		RVCs as policy spaces and political spaces
		RVCs as spaces for re-regulation the role of regional organizations
		Conclusion
		Notes
		Bibliography
	Chapter 12: Constructivist IPE
		Introduction
		Comparing material–rationalist and constructivist approaches to IPE
		Constructivism and the politics of international trade
		Constructivism and the politics of international money and finance
		Constructivism’s contributions to the study of IPE
		Notes
		Bibliography
	Chapter 13: World order: perspectives on lines of transformation
		An age of uncertainty
		On the concept of world order
		Neglected concerns: shocks, agency and precision
		Lines of transformation
		The economic transformations: inequality, technology and globalization
		Theoretical lines of transformation
		The realist transformation: security, state power and multipolarity
		The liberal transformation: complexity and institutionalized compromises
		The constructivist transformation: uncertainties, visions and values
		The transformation of the trading order
		The crisis of the WTO
		Recalling the social purpose of the WTO
		Identifying the threats to the WTO order
		Assessing the threat to the trading order
		A return to states or agency in IPE?
		Conclusions
		Note
		Bibliography
	Chapter 14: From Marx to critical international political economy
		Introduction
		Karl Marx and critical international political economy
		Method of inquiry and goals
		Key concepts in critical political economy
		The capitalist mode of production and international relations
		Contemporary approaches in critical international political economy
		Conclusions
		Bibliography
	Chapter 15: Gramscian IPE
		Gramsci and IPE: planning a journey
		Robert W. Cox: from historical structures and world hegemony to the internationalization of the state
		Globalization processes and the route from internationalization to transnationalization of the state
		Dealing with the (neo)Gramscian IPE conundrum: past, present and future
		Notes
		Bibliography
	Chapter 16: The concept(s) of hegemony in IPE
		Introduction
		Two definitions of hegemony
		US hegemony or neoliberal hegemony?
		The rise of China or counter-hegemony
		Box 16.3 Regional hegemony
		Regional hegemony or variegated neoliberalism?
		Conclusion
		Notes
		Bibliography
	Chapter 17: Ghosts, pluriverse and hopes. From \"development\" to post-development
		Introduction: the relevance of post-development
		Development, an unreachable ghost with a “developmentalist reason”
		Post-development principles for a hope
		Building blocks for a post-capitalist pluriverse
		Notes
		Bibliography
Part III: Beyond traditional perspectives
	Chapter 18: The BRICS initiative as a challenge to contemporary IPE
		Introduction
		Theoretical considerations
		The BRICS origins and purpose
		Understanding the BRICS subsumption process
		Robert Cox’s historical and dialectical model of hegemony
		Final considerations
		Bibliography
	Chapter 19: The long battle for global governance continued
		Introduction
		The ‘long battle’ in its historical phases
		The proclaimed new world order
		Towards global crisis
		Conclusion
		Bibliography
	Chapter 20: The global political economy of regionalism: beyond European and North American conceptual cages
		Introduction: debates and methodological orientations
		IPE and regionalism
		North American and British IPE
		IPE and theories of regionalism
		Successful ideas at one point in time can turn into “conceptual cages” in another
		Eurocentric regionalism
		Liberal economic integration
		Actor-oriented North American Regional Perspectives
		Neoliberal institutionalism
		Conclusions
		Note
		Bibliography
	Chapter 21: The IPE of transnational class and contemporary capitalism
		Transnational capitalism: an introduction
		Neo-Gramscian perspectives and the global capitalism thesis
		Class formation in historical perspective: the rise of a transnational capitalist class
		The rise in transnational production and financial flows
		Instituting neoliberal discipline
		Conclusion: discontinuity and the contestation of hegemony
		Bibliography
	Chapter 22: The IPE of degrowth and sustainable welfare
		Introduction
		Capitalism and nature
		The diversity of real-existing capitalism
		Degrowth and sustainable welfare
		Eco-social policies: caps on wealth and income
		The political economy of a degrowth paradigm shift
		Conclusion
		Bibliography
	Chapter 23: Extractivism: the curse of plenty
		Introduction
		The curse of alarmist literature
		A look at what underlies this age-old curse
		A culture of miracles threatens democracy
		Understanding the main pathologies of these curses
		New horizons of freedom for overcoming so many curses
		Notes
		Bibliography
	Chapter 24: IPE of borders: between formal and informal regionalisms
		Introduction
		Borders in the global order
		The importance of local level
		Formal–informal nodes
		Transnational crime: corruption and kinship
		Natural resources: institutional vacuum and development
		Migration and refuge: market demands and conflict
		Conclusion
		Bibliography
	Chapter 25: The international political ecomomy of war and liberal peace
		Introduction
		Economic transformations, war and peace
		Regime change wars: costing conflict
		Civil war economies
		Greed, grievance and funding
		Political economy of peace missions
		Conclusion
		Bibliography
	Chapter 26: Transnational organized crime and political economy
		Introduction
		The concept
		The contribution of the American schools
		The Marxist theories
		IPE and TOC
		Conclusion
		Bibliography
Part IV: Regional perspectives and inquiries
	Chapter 27: IPE beyond Western paradigms: China, Africa, and Latin America in comparative perspective
		Introduction
		IPE and the limits of the global conversation
		IPE in Africa Box 27.2 African IPE
		IPE in China Box 27.3 IPE in China
		IPE in South America Box 27.4 Until the 1980s, IPE has been marked by …
		Conclusions
		Bibliography
	Chapter 28: The political economy of the European Union: between national and supranational politics
		Introduction
		Trapped in an international political trilemma
		The European Monetary Union and the Eurozone crisis
		The European constraints on national budgets
		The European social agenda
		national social pacts
		The challenge of the politicization of the EU
		Conclusion
		Notes
		Bibliography
	Chapter 29: IPE scholarship about Southeast Asia: theories of development and state–market–society relations
		Introduction
		Development theory
		State theory
		Theories of state–market–society relations
		Southeast Asia at the turn of the twenty-first century
		Bibliography
	Chapter 30: East Asia\'s developmental states in evolution: the challenge of sustaining national competitiveness at the technological frontier
		Introduction
		East Asia’s developmental states and economic catch-up
		Strategizing for competing at the technological frontier
		Political appetite for higher risk innovation
		The organization of innovation
		Growth of global production and innovation networks
		Conclusion
		Note
		Bibliography
	Chapter 31: Building an interdependence framework for the IPE of a rising India
		Introduction
		The argument and approach adopted in this chapter
		Mapping India’s rise with both domestic and international concerns in mind
		What 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 force
		Political strategy and state autonomy
		Interest-driven and institutional arguments for policy change
		What is the nature of the emerging political economy in India?
		India’s international political economy
		An inside out perspective: what strategies does India adopt?
		Building an interdependence framework: thinking about linkages of actors, ideas, and interests
		Conclusion
		Notes
		Bibliography
	Chapter 32: The international political economy of human security in Africa
		Introduction
		International political economy approaches and security
		Human security
		International political economy and human security
		Contemporary issues in international political economy and human security in Africa
		Conclusion
		Bibliography
	Chapter 33: Regionalism in the Middle East: Turkish case in perspective
		Introduction
		Regionalism: a framework for analysis
		The rise and fall of the ‘Turkish trading state’
		Domestic sources of regional powerhood
		Conclusion
		Notes
		Bibliography
	Chapter 34: The IPE of development finance in Latin America
		Introduction
		The idea of development: a brief historical analysis
		Development finance: from the North hegemony to Southern sources
		From Bretton Woods to Washington consensus
		The rise of the rest: development finance, an Asian approach
		China
		The bilateral movement
		China goes multilateral
		Development finance: a short reading list
		A brave new world, new actors, new challenges, old shortcomings
		Sustainable development, finance and climate change
		Conclusions
		Notes
		Bibliography
	Chapter 35: The constructivist IPE of regionalism in South America
		Introduction – a constructivist framework for the study of regionalism
		The Andean Community
		Mercosur
		Conclusion
		Notes
		Bibliography
	Chapter 36: The IPE of Caribbean development
		Introduction
		Arthur Lewis and Caribbean ‘modernisation’
		The New World Group and West Indian ‘
		After the impasse: new directions for Caribbean political economy
		Conclusion
		Bibliography
Part V: New research arenas
	Chapter 37: The IPE of global social policy governance
		Introduction
		Studying social policy from a global perspective
		The regional as a
		level for social policy
		Exploring the drivers and mechanisms of social policy regionalism
		Regional organisations and the practices of social policy regionalism
		The complexity and challenges of the IPE of global social policy
		Bibliography
	Chapter 38: Globalization and global production networks
		Introduction
		Globalization as an unintended consequence of neo-protectionism
		De-globalization
		Conclusion
		Bibliography
	Chapter 39: The IPE of global tax governance
		Introduction
		The nuts and bolts of global tax governance
		A trilemma of cooperation
		Two axes of conflict
		State-centric constructivist and critical perspectives on global tax governance
		Conclusion
		Notes
		Bibliography
	Chapter 40: The political economy of new technology – especially with an eye to the labour market
		Introduction
		Delete or expand news jobs?
		Theoretical understanding of changes in the labour market
		A short note on welfare states, labour market policy and new technology
		Choice and options related to new technology
		Concluding remarks
		Notes
		Bibliography
	Chapter 41: Cyberpolitics and IPE: towards a research agenda in the Global South
		Introduction
		Socio-technical relations of production, forms of governance and digital world (dis)orders
		Cyberpolitics in the contours of digital world (dis)orders
		Conclusions
		Notes
		Bibliography
	Chapter 42: The IPE of regional energy integration in South America
		Introduction
		Theoretical framework
		South American energy integration
		Global energy changes
		Impacts on regional energy integration
		Conclusions
		Notes
		Bibliography
	Chapter 43: Industrial policy in Latin America: a theoretical discussion
		Introduction
		States and markets: the key contours of the debate over industrial policy
		Links between the lost decade in Latin America and de-industrialization policies
		Why industrial policy?
		Industrial policy: specific issues
		FDI policy
		Industrial upgrading and international trade
		Localizing industrial policy
		Different perspectives on the role of the state in industrialization
		The rediscovery of industrial policy and the current contours of industrial policy
		Bibliography
	Chapter 44: The IPE of global corporations
		Introduction
		IPE theories and globalisation
		Three faces of power
		Instrumental power
		Structural power
		Discursive power
		Conclusion
		Bibliography
	Chapter 45: The International Political Economy of cities and urbanization: insights from Latin America
		Introduction
		Conceptualizing the IPE of cities and urbanization: a theoretical framework
		The urban process under capitalism
		World-systems analysis and global city networks
		Planetary urbanization and global urbanism
		Research arenas on the IPE of cities and urbanization in Latin America
		Globalization and global city formation
		Urban megaprojects
		Urban financialization
		Extended urbanization and transnational planning
		Conclusion
		Footnote
		Notes
		Bibliography
	Chapter 46: Migration and international political economy
		Introduction
		Migration dynamics in the global economy
		Sovereignty and security: migration in mainstream IPE
		Globalisation and the roots of inequality: critical approaches in IPE
		Key migration issues within IPE
		The way forward: how migration reshapes the discipline of IPE
		Notes
		Bibliography
	Chapter 47: International political economy and the environment
		Introduction
		Mainstream theoretical perspectives on sustainability and their influence on IPE&E
		Building a common action agenda for coping with climate change and biodiversity and ecosystem services degradation
		Towards interand transdisciplinary IPE&E knowledge
		Conclusion: transformations towards sustainability?
		Bibliography
	Chapter 48: Conceptual hinges between international political economy and Economic Intelligence: some disciplinary challenges
		Introduction
		The necessity of a discussion about Economic Intelligence
		International political economy as a disciplinary spectrum
		Conceptual hinges: geoeconomy, interdependence, and security
		Conclusions
		Bibliography
	Chapter 49: The IPE of money laundering and terrorist finance
		Introduction
		Evolution of a global financial regime
		Anti-money laundering
		Combating the financing of terrorism
		AML/CFT in practice
		Enforcement mechanisms and consequences
		Conclusions
		Bibliography
Index