Broadly viewing the global economy as a political competition that produces winners and losers, International Political Economy holistically and accessibly introduces the field of IPE to students with limited background in political theory, history, and economics. This text surveys major interests and institutions and examines how state and non-state actors pursue wealth and power. Emphasizing fundamental economic concepts as well as the interplay between domestic and international politics, International Political Economy not only explains how the global economy works, it also encourages students to think critically about how economic policy is made in the context of globalization.
New to the Seventh Edition
- Includes the disruptive impact of the pandemic on the global economy
- Includes discussion of climate change, the Green New Deal, and Green Industrial Policy
- Extended discussion of the impact of great power competition on the global economy and the role weaponized interdependence might play in this competition
- Considers the impact that Russia’s invasion of Ukraine will have on globalization
- Introduces full color format
Preface
Acknowledgments
CHAPTER 1 International Political Economy
CHAPTER 2 The WTO and the World Trade System
CHAPTER 3 The Political Economy of International Trade Cooperation
CHAPTER 4 A Society-Centered Approach to Trade Politics
CHAPTER 5 A State-Centered Approach to Trade Politics
CHAPTER 6 Trade and Development I: Import Substitution Industrialization
CHAPTER 7 Trade and Development II: Neoliberalism and Institutionalism
CHAPTER 8 Multinational Corporations in the Global Economy
CHAPTER 9 The Politics of Multinational Corporations
CHAPTER 10 The International Monetary System
CHAPTER 11 Cooperation, Conflict, and Crisis in the Contemporary International Monetary System
CHAPTER 12 A Society-Centered Approach to Monetary and Exchange-Rate Policies
CHAPTER 13 A State-Centered Approach to Monetary and Exchange-Rate Policies
CHAPTER 14 Developing Countries and International Finance I: The Latin American Debt Crisis
CHAPTER 15 Developing Countries and International Finance II: The Global Capital Flow Cycle
CHAPTER 16 The Achievements of and Challenge to the Global Capitalist Economy
Glossary
References
Index
Biography
Thomas Oatley is the Corasaniti-Zondorak Chair of International Politics in the Department of Political Science at Tulane University.
Praise for International Political Economy
"This is, hands down, the single best textbook I have used for any class in more than two decades of university teaching. It achieves that difficult and elusive goal of conveying complex material at a high level while also making it very accessible and understandable. The result is an invaluable IPE text that brings the students up to the level of the material rather than the reverse."
Strom Thacker, Union College
"Oatley's IPE textbook is simply the best of its kind. It is comprehensive, analytically rigorous, and thoughtfully written for students with no previous background in the field."
David A. Singer, Massachusetts Institute of Technology
"This is an outstanding introduction to the field of international political economy. Crucially for a textbook, it finds the right balance between theory and context. It provides an engaging and well-written introduction to key developments in world economic history, while also introducing the essential tools that are necessary to interpret these developments. Added to this, students will find it full of engaging real world examples that bring the subject to life. It should be considered as a standard text for all IPE courses at undergraduate level."
Michael Breen, Dublin City University
"Thomas Oatley's text lays out the foundations of IPE. With constant reference to both historical cases and current policy concerns, it provides both an academic introduction to the issues concerning the field and a vivid application to familiar events. Students reading this book will be empowered to assess the global economy and its effects from a theoretically and empirically informed perspective."
Michael Plouffe, University College London
"Expertly bridging the disciplines of economics and political science, Thomas Oatley’s book has inspired, disciplined, and transformed a new generation of scholars and students."
Andrew X. Li, Central European University
"Oatley's textbook represents a masterful introduction to the field of international political economy. The book provides an accessible yet sophisticated overview of the subject for beginners. The society- and state-centered approaches equip students with the theoretical building blocks to understand who wins and who loses from globalization. Each superb new edition gives updated empirical examples, keeping the text timely. I have been using it with students in my classes for a decade."
James Raymond Vreeland, Princeton University
"Thomas Oatley’s IPE book remains the go-to text for foundational, comprehensive, and rigorous training in the concepts, principles, and major debates in the field. Highly recommended!"
Soo Yeon Kim, National University of Singapore
