Moving beyond a narrow definition of economics, this pioneering book advances our knowledge of global political economy and how we might critically respond to it. V. Spike Peterson clearly shows how two key features of the global economy increasingly determine everyday lives worldwide. The first is explosive growth in financial markets that shape business decision-making and public policy-making, and the second is dramatic growth in informal and flexible work arrangements that shape income-generation and family wellbeing. These developments, though widely recognized, are rarely analyzed as inextricable and interacting dimensions of globalization. Using a new theoretical model, Peterson demonstrates the interdependence of reproductive, productive and virtual economies and analyzes inequalities of race, gender, class and nation as structural features of neoliberal globalization. Presenting a methodologically plural, cross-disciplinary and well-documented account of globalization, the author integrates marginalized and disparate features of globalization to provide an accessible narrative from a postcolonial feminist vantage point.
This book advances an ecologically grounded approach to International Political Economy (IPE). Katz-Rosene and Paterson address a lacuna in the literature by exploring the question of how thinking ecologically transforms our understanding of what IPE is and should be. The volume shows the ways in which socio-ecological processes are integral to the themes treated by students and scholars of IPE – trade, finance, production, interstate competition, globalisation, inequalities, and the governance of all these, notably – and further that taking the ecological dimensions of these processes seriously transforms our understanding of them. Global capitalism has always been premised on the extraction, transformation and movement of what have become known as ‘natural resources’. The authors provide a synthesis of ecological arguments regarding IPE and weave them into an overall approach to be usable by others in the field. This synthesis draws on basic ecological political ideas such as limits to growth and environmental justice, ideas in ecological economics, practices of ecological movements in the global economy, as well as key ideas from other political economic traditions relevant for developing an ecological approach. Providing a broad and critical introduction to international political economy from a distinctly ecological perspective, this work will be a valuable resource for students and scholars alike.
The Global Political Economy of Raúl Prebisch offers an original analysis of global political economy by examining it through the ideas, agency and influence of one of its most important thinkers, leaders and personalities. Prebisch’s ground-breaking ideas as an economist – the terms-of-trade thesis and the economic case for state-led industrialization – changed the world and guided economic policy across the global South. As the head of two UN bodies – the Economic Commission for Latin America and the Caribbean (ECLAC) and later the United Nations Conference on Trade and Development (UNCTAD) – he was at the frontline of key North–South political struggles for a fairer global distribution of wealth and the regulation of transnational corporations. Prebisch increasingly came to view political power, not just economic capabilities, as pivotal to shaping the institutions and rules of the world economy. This book contextualizes his ideas, exploring how they were used and their relevance to contemporary issues. The neoliberal turn in economics in North America, Western Europe and across the global South led to an active discrediting of Prebisch’s theories and this volume offers an important corrective, reintroducing current and future generations of scholars and students to this important body of work and allowing a richer understanding of past and ongoing political struggles.
This book explores how Washington’s efforts to act on climate change have been translated under conditions of American neoliberalism, where the state struggles to find a stable and legitimate role in the economy, and where environmental and industrial policy are enormously contentious topics. This original work conceptualizes US climate policy first and foremost as a question of innovation policy, with capital accumulation and market domination as its main drivers. It argues that US climate policy must be understood in the context of Washington’s broader efforts over the past four decades to dominate and monopolize novel high-tech markets, and its use of immense amounts of state power to achieve this end. From this perspective, many elements of US climate politics that seem confusing or contradictory actually appear to have an obvious and consistent logic. This book will be of particular interest to students and scholars of IPE, as well as individuals generally interested in gaining a stronger understanding of US climate politics and policy, and the role and influence of neoliberalism on contemporary economic governance.
Critical Methods in Political and Cultural Economy offers students and scholars the first methods book for the critical school of International Political Economy (IPE). What does it mean to ‘do’ critical research? How do we write about the evidence we present? This volume explores our shared critical ethic to demonstrate how methods are transformative and reimagines research strategies as both an embodied practice and a social process. By presenting methodologically informed ways of researching, enriched by real-life accounts from academics doing empirical research, the volume seeks to forge a new collaborative path that builds a critical ethic and modes of inquiry within International Political Economy. Substantive chapters advance the pluralism of the critical school of cultural political economy and seek to articulate its nascent research ethic. Short autobiographical vignettes articulate the professional journeys of contributors who ‘do’ critical political economy. There is practical advice on how to develop evidence from an iterative reflexive research strategy. Using this innovative format offers a guide to methods in critical political economy by engaging directly with the people doing research, not only as technical practice but also as lived experience. The combination of research and practice presented throughout the book offers an extensive and authoritative framework for evaluating how methods are part of critical research and will be essential reading for all students and scholars of IPE.
What are the cutting edge debates in global political economy? 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. The book covers the following topics: * the six central concepts of global political economy: state, firm, capital, power, labour and globalisation * theories at the frorefront of GPE: rational choice, neo-institutionalism, neo-Marxism, constructivism and postmodernity * recent developments in theoretical approaches such as game theory, modern rational and public choice theory, development theory, historical sociology * how global political economy is best understood in terms of three traditions of political economy: Marxism, rationalism and hermeneutics/institutionalism No other book provides such succinct summaries, by international experts in the field, of such topical and wide-ranging issues. This book represents an essential textbook, ideal for students and lecturers in International Political Economy and International Relations.
The global political economy is inescapably cultural. Whether we talk about the economic dimensions of the "war on terror", the sub-prime crisis and its aftermath, or the ways in which new information technology has altered practices of production and consumption, it has become increasingly clear that these processes cannot be fully captured by the hyper-rational analysis of economists or the slogans of class conflict. This book argues that culture is a concept that can be used to develop more subtle and fruitful analyses of the dynamics and problems of the global political economy. Rediscovering the unacknowledged role of culture in the writings of classical political economists, the contributors to this volume reveal its central place in the historical evolution of post-war capitalism, exploring its continued role in contemporary economic processes that range from the commercialization of security practices to the development of ethical tourism. The book shows that culture plays a role in both constituting different forms of economic life and in shaping the diverse ways that capitalism has developed historically – from its earliest moments to its most recent challenges. Providing valuable insights to a wide range of disciplines, this volume will be of vital interest to students and scholars of International Political Economy, Cultural and Economic Geography and Sociology, and International Relations.
It has become a commonplace that there has been an information revolution, transforming both society and the economy. In 1995 the Trade Related Intellectual Property (TRIPs) agreement aimed to harmonise protection for property in knowledge throughout the global system. This book considers the contemporary disputes about the ownership of knowledge resources - as in the cases of genetically modified foods, the music industry or the internet - and the problematic nature of the TRIPs agreement. In this highly topical book, Christopher May reveals that, because of such problems, at present the balance in intellectual property rights between public good and private reward is more often than not weighted towards the latter.
The first edition established itself as one of the leading books to situate the issue of intellectual property within the discipline of International Political Economy (IPE). Since its publication, intellectual property has continued to rise up the global agenda, reflecting expanding interest in the area among policy-makers and advocacy groups, linked to the increasingly fraught politics of the global governance of IPRs. Significantly revised and updated to take account of developments within the World Trade Organization and the World Intellectual Property Organization, this edition incorporates the author’s recent research on IPRs. It retains the theoretical and analytical elements of the first edition, whilst offering students and researchers a detailed analysis of how intellectual property is politically constructed, and how it is linked to the economics of knowledge and information in the contemporary global political economy. Rapidly-developing issues addressed in the work include: arguments around the implementation of the Agreement on Trade Related Aspects of IPRs (TRIPs) the WIPO Development agenda and the ‘resistance’ to socialization programmes the AIDS crisis and the pharmaceutical industry Digital Rights Management This book will be of interest to students and researchers of international political economy, international relations and intellectual property law.
WINNER of the BISA IPEG Book Prize 2015 http://www.bisa-ipeg.org/ipeg-book-prize-2015-winner-announced/ Under the rubric of ‘financial inclusion’, lending to the poor –in both the global North and global South –has become a highly lucrative and rapidly expanding industry since the 1990s. A key inquiry of this book is what is ‘the financial’ in which the poor are asked to join. Instead of embracing the mainstream position that financial inclusion is a natural, inevitable and mutually beneficial arrangement, Debtfare States and the Poverty Industry suggests that the structural violence inherent to neoliberalism and credit-led accumulation have created and normalized a reality in which the working poor can no longer afford to live without expensive credit. The book further transcends economic treatments of credit and debt by revealing how the poverty industry is extricably linked to the social power of money, the paradoxes in credit-led accumulation, and ‘debtfarism’. The latter refers to rhetorical and regulatory forms of governance that mediate and facilitate the expansion of the poverty industry and the reliance of the poor on credit to augment/replace their wages. Through a historically grounded analysis, the author examines various dimensions of the poverty industry ranging from the credit card, payday loan, and student loan industries in the United States to micro-lending and low-income housing finance industries in Mexico. Providing a much-needed theorization of the politics of debt, Debtfare States and the Poverty Industry has wider implications of the increasing dependence of the poor on consumer credit across the globe, this book will be of very strong interest to students and scholars of Global Political Economy, Finance, Development Studies, Geography, Law, History, and Sociology. https://www.youtube.com/watch?v=2lU6PHjyOzU