International Political Economy in the 21st Century: Contemporary Issues and Analyses, 2nd Edition (Paperback) book cover

International Political Economy in the 21st Century

Contemporary Issues and Analyses, 2nd Edition

By Roy Smith, Imad El-Anis, Christopher Farrands

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340 pages | 3 B/W Illus.

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Description

Understanding of the theories that underpin international political economy (IPE), and their practical applications, is crucial to the study of international relations, politics, development and economics.

This is a comprehensive and accessible introduction to the field, with an engaging and coherent foundation to the subject. It considers traditional and alternative approaches to IPE, and in doing so elucidates key concepts, assumptions and the intellectual and historical context in which they arose and developed. At all times, it makes clear their relevance to issues from trade, finance and government, to environment, technology, health, labour, security, migration, development and culture. The book encourages independent reflection and critical thinking through a range of in-text guiding features. In addition, each chapter presents theoretical analysis alongside contemporary issues, helping the reader to relate to the real world of IPE and to better understand how theory helps inform interpretation of it.

New to this edition:

  • comprehensively updated to include key coverage of the post-2015 framework of the Sustainable Development Goals, the financial crisis and international government responses - successful or otherwise - to recent challenges;
  • fully updated data, reflective questions, recommended readings, concept and example boxes, and illustrations;
  • new chapters on health, migration and labour;
  • additional coverage of trade theories and key contemporary issues, such as national versus human security, economic versus human development and illegal networks in global trade.

Reviews

"An indispensable core text for undergraduate students of international relations, politics and economics. The authors provide a clear overview of the main theoretical debates in IPE while surveying some of the most important global challenges of the twenty-first century." - David Humphreys, The Open University, UK.

"This new edition of International Political Economy in the 21st Century provides incisive and accessible material on the ever growing field of International Political Economy. The book recognises the importance of understanding the nexus of contemporary relations between politics and economics in making sense of major issues. The book provides the reader with substantive insight into the often dense field of International Political Economy. It is a must-read for scholars and practitioners of International Political Economy." - Paul Sheeran, University of Winchester, UK.

Table of Contents

Introduction

So what is IPE?

The global jigsaw

Structure of the book

1 The origins and core ideas of international

political economy

Introduction

The sources of IPE

IPE as a critique of IR

Realist IR and IPE

Liberal IPE

Marxist IPE

Criticising the mainstream IR approaches

The practical concerns shaping the evolution of IPE

Refinements of the traditional theories

Neo-realism

Neo-liberalism

A neo-neo synthesis?

Neo-Marxist theories

Summary

Reflective questions

Suggestions for further reading

2 Critical approaches to IPE

Introduction

Critical theory

Constructivism

Feminism

Postmodernism/poststructuralism

Gramscian approaches to IPE

Green thought

The new institutional economics: networks of power, networks of exchange

Regulation theory and IPE

Summary

Reflective questions

Suggestions for further reading

3 Business and marketing theories and global

business behaviours

Introduction

Four key basic ideas

The global business environment and the different legal environments of business

Theories of multinational business behaviour and impacts

Regulation and multinational business strategies

Private authority and IPE

Knowledge as a global commodity

International business history and case study analysis

Summary

Reflective questions

Suggestions for further reading

4 Globalisation and IPE

Introduction

The globalisation debate

Origins of globalisation

Expansion of the European system

Globalisation of trade and finance

Corporate globalisation

Global culture?

Media

Global environmental degradation

Multi-globalisation

Summary

Reflective questions

Suggestions for further reading

5 National, international, regional and global governance

Introduction

The nature of governance

International cooperation

Actors

Issues

Summary

Reflective questions

Suggestions for further reading

6 Trade

Introduction

Liberalism

Realism/mercantilism

Structuralism

The contemporary trade system

Rising levels of trade

Free trade agreements

MNCs and trade

Criticisms of trade

Trade theory and modelling

Summary

Reflective questions

Suggestions for further reading

7 Global finance

Introduction

Two stories of financial globalisation

The core ingredients of global finance

The growth of a globalised financial system: a little more history

What was the ‘international debt crisis’ and where did it come from?

The financial crisis of the 2000s

Global financial institutions

The global financial system after the financial crisis

Summary

Reflective questions

Suggestions for further reading

8 Development

Introduction

Liberal modernisation

The development problem

Millennium Development Goals to Sustainable Development Goals

Major groups

Development projects

Critical frameworks for rethinking development

Summary

Reflective questions

Suggestions for further reading

9 Environment

Introduction

Actors: governments

Actors: multinational corporations

Actors: non-governmental organisations

Issues: resource depletion

Issues: deforestation

Issues: biodiversity

Issues: reef systems

Issues: fisheries

Issues: energy security

Processes

Summary

Reflective questions

Suggestions for further reading

10 Technology in the global political economy

Introduction

What is technology?

Technologies as a principal tool of global economic competition

Kondratieff cycles and major innovations

Oligopoly competition in high-tech sectors: how multinational firms use technology to compete

Technology, work and patterns of global labour

Limitations on the role of technology

Intellectual property and technology

Technology, competition, and mergers and acquisitions

Technology and the individual person as subject in IPE

Who has technology leadership?

Summary

Reflective questions

Suggestions for further reading

11 Culture

Introduction

Liberal triumphalism

Clash of civilisations

Anti-globalisation/structuralist and green thought

Global culture

Resistance to cultural hegemony

Non-coercive globalisation

Summary

Reflective questions

Suggestions for further reading

12 Security

Introduction

The development of ‘new’ security issues

Emerging issues

Summary

Reflective questions

Suggestions for further reading

13 Migration and labour

Introduction

Understanding migration

Economic migration

Technology and migration

Labour in the twenty-first century

Migration and multiculturalism

Human security, human rights and migration

Governmental and non-governmental policy responses to migration

Summary

Reflective questions

Suggestions for further reading

14 Health

Introduction

The health transition

People’s Health Movement (PHM)

Determinants of health

Health in the developing world

Health in the developed world

Technology and health

Summary

Reflective questions

Suggestions for further reading

15 Concluding thoughts and remarks

About the Authors

Roy Smith is Principal Lecturer and Programme Leader for the MA in International Development at Nottingham Trent University, UK.

Imad El-Anis is Senior Lecturer and Programme Leader for the MA in International Relations at Nottingham Trent University, UK.

Christopher Farrands is Principal Lecturer in Global Studies at Nottingham Trent University, UK.

Subject Categories

BISAC Subject Codes/Headings:
POL000000
POLITICAL SCIENCE / General