Praised for its authoritative coverage, Global Political Economy places the study of IPE in broad theoretical context and has been updated to cover the rise of populism, Brexit, the USMCA, US–China trade wars, tariffs, refugees and global migration, the Keynesian–monetarist debate, Fordism, automation, the "gig" economy, global value chains, climate change, cryptocurrencies, and the residual effects of global economic crises and regional relationships and impacts. Written by leading IPE scholar Theodore Cohn, now joined by his prolific colleague Andy Hira, this book equally emphasizes theory and practice to provide a framework for analyzing current events and long-term developments in the global economy. This text is suitable for both introductory and advanced IPE courses.
New to the Eighth Edition
- Expands upon the growing US–China competition in many areas of the global political economy.
- Discusses the problems Brexit is posing for Britain and the European Union (EU).
- Explores the growth of populism.
- Focuses more on environmental degradation/climate change along with the increase in global migration.
- Incorporates a new theme of South–South global economic relations.
- Highlights the relationship among economics, geopolitics, and security issues.
- Emphasizes the importance of global value chains.
- Looks at the potential for future global financial crises.
- Updates and expands the number of tables, figures, and graphics throughout.
- Provides an updated Test Bank and new PowerPoint slides in an Instructor’s e-Resource.
Acronyms and Abbreviations
Part I: Introduction and Overview
Chapter 1: Introduction
Chapter 2: Managing the Global Economy Since World War II: The Institutional Framework
Part II: Theoretical Perspectives
Chapter 3: Neomercantilism
Chapter 4: Liberalism
Chapter 5: Critical Perspectives
Part III: Issue Areas
Chapter 6: International Monetary Relations
Chapter 7: Financial Crises
Chapter 8: Global Trade Relations
Chapter 9: Preferential Trade Agreements and the Global Trade Regime
Chapter 10: Multinational Corporations and Global Production
Chapter 11: International Development
Part IV: Concluding Comments
Chapter 12: Current Trends in the Global Political Economy
Praise for the Eighth Edition
"Cohn and Hira again set the standard in explaining the complex, evolving nature of the interaction between politics and economics in the international system. They strike the appropriate balance between our theories for understanding this interaction and the contemporary context for understanding those theories. The book is a must for students needing a solid, thought-provoking primer in global political economy."
--Robert Ostergard Jr., University of Nevada Reno
"This book adopts a unique approach to the study of IPE by incorporating theoretical perspectives into discussions of various current events, bridging abstract concepts with real-world issues. It is one of the most comprehensive textbooks on the subject and a must-read for anyone who wants to gain a deeper understanding of global political economy."
-- Feng Sun, Troy University
Praise for Previous Editions
I have been using this wonderful text for the last few years for my upper division undergraduate course on Politics of the World Economy. This new edition brings all of the burning issues right up to date: the weight of China in the IPE, the immigration crisis in Africa and the Middle East, and the shift from multilateral to regional trade schemes. Global Political Economy gracefully weaves together theory and practice, and it strikes a perfect balance between institutions, interests and actors. I look forward to assigning this next edition.
-- Carol Wise, University of Southern California
With this new edition, Ted Cohn reaffirms his book's place among the very best texts available in the field of international political economy -- well organized, articulate, and certainly up to date. Students will find it both enlightening and refreshing.
-- Benjamin J. Cohen, University of California, Santa Barbara
Cohn continues to produce an excellent textbook; I wouldn’t think of using another. Among textbook authors, only Cohn consistently returns to the theories in each empirical chapter, driving home how the lenses we use shape our understanding of the global political economy.
-- Kathleen J. Hancock, Colorado School of Mines
The seventh edition of Global Political Economy: 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. It contains both an excellent discussion of theoretical debates as well as the main issue areas. Issues are explained in plain language for an easy understanding for university students. This book is an excellent text for courses on international political economy and the like.
-- Amy Verdun, University of Victoria