This edited volume addresses the 2007/2009 financial crisis as the occasion to engage critically with the corpus of Susan Strange’s work, in order to consider what changes (if any) this crisis portends for the structural organization of the global political economy. The contributors use Strange’s rich conceptual framework to explore the financial crisis and its aftermath, and reflect critically on the broader contributions which her work has made to the discipline of IPE.
The volume makes three valuable contributions for scholars and students. First, it raises the profile of Susan Strange, a unique and powerful contributor to the field of IPE whose ideas matter to our current circumstance and can provide deep and enduring insights into important questions and issues. Secondly, each contributor to this volume combines her work and ideas with that of other traditions or individual theorists in ways that extend and/or deepen Strange’s own efforts. Finally, this volume leaves us with a judicious optimism about the future of both IPE and the world as it actually is, on the ground.
This book will be of interest to scholars and students who are interested in the dynamics shaping contemporary and future developments in the global political economy, as well as those who are interested in the theoretical debates about how to study IPE.
Table of Contents
Introduction. Chapter 1. Randall Germain Susan Strange and the future of IPE Part 1 Towards an International Political Economy of the Future Chapter 2. Susan Sell Ahead of her time? Susan Strange and global governance Chapter 3. Craig Murphy ‘The Westfailure system’ fifteen years on: global problems, what makes them difficult to solve, and the role of IPE Part 2 Power and Transformation Chapter 4. Diana Tussie Shaping the world beyond the ‘core’: states and markets in Brazil’s global ascent Chapter 5. Herman Schwartz Strange power over credit; or the enduring strength of US structural power Chapter 6. Eric Helleiner Still an extraordinary power after all these years: the US and the global financial crisis of 2008 Part 3 Control and Transformation Chapter 7. Benjamin Cohen: Money, power, authority Chapter 8. Claire Cutler Strange bedfellows? Bankers, business(men) and bureaucrats in global financial governance Chapter 9. Ronen Palan: Corporate power in a global economy Chapter 10. Randall Germain The political economy of global transformation: Susan Strange, E.H. Carr and the dynamics of structural change Conclusion Chapter 11. Louis Pauly Diagnosing the human condition in a dynamic global system
Randall Germain is Professor of Political Science at Carleton University, Canada. His teaching and research interests focus on themes and questions in the field of international political economy, including theoretical debates in IPE, global economic governance and the political economy of global finance.
"...an important and essential contribution that successfully demonstrates why students and scholars of GPE and the current state of the global political economy more broadly should continue to reference and leverage Strange’s body of work and methodology."
- Korey Pasch of Queen's University, in the Canadian Journal of Political Science.
"This volume brings together a group of scholars who, I believe, all had personal relationships with Susan Strange during her life and, as such, can interpret the nuances of her work... Certainly, as regards power, Diana Tussie makes the crucial point that by seeing power as structural and agental, and by virtue of its complex character, Strange was in no way limited in her understanding of either the forms or locations of power; this enabled her to clearly see the power of corporations and how this both
reinforced and undermined various states’ power(s)."
- Christopher May
Department of Politics, Philosophy, & Religion, Lancaster University, UK