Comparative Political Economy: Lineages from Classical Political Economy, Linkages to International Political Economy

2014 ◽  
pp. 26-44 ◽  
Author(s):  
Ben Clift
Keyword(s):  
Political Economy ◽  
International Political Economy ◽  
Comparative Political Economy ◽  
Classical Political Economy

Comparative Political Economy

2017 ◽  
Author(s):  
Georg Menz
Keyword(s):  
Political Economy ◽  
Political Institutions ◽  
International Political Economy ◽  
Adam Smith ◽  
Industrial Relations ◽  
Welfare States ◽  
Comparative Political Economy ◽  
Technological Parameters ◽  
Private Debt

This new and comprehensive volume invites the reader on a tour of the exciting subfield of comparative political economy. The book provides an in-depth account of the theoretical debates surrounding different models of capitalism. Tracing the origins of the field back to Adam Smith and the French Physiocrats, the development of the study of models of political-economic governance is laid out and reviewed. Comparative Political Economy (CPE) sets itself apart from International Political Economy (IPE), focusing on domestic economic and political institutions that compose in combination diverse models of political economy. Drawing on evidence from the US, the UK, France, Germany, Sweden, and Japan, the volume affords detailed coverage of the systems of industrial relations, finance, welfare states, and the economic role of the state. There is also a chapter that charts the politics of public and private debt. Much of the focus in CPE has rested on ideas, interests, and institutions, but the subfield ought to take the role of culture more seriously. This book offers suggestions for doing so. It is intended as an introduction to the field for postgraduate students, yet it also offers new insights and fresh inspiration for established scholars. The Varieties of Capitalism approach seems to have reached an impasse, but it could be rejuvenated by exploring the composite elements of different models and what makes them hang together. Rapidly changing technological parameters, new and more recent environmental challenges, demographic change, and immigration will all affect the governance of the various political economy models throughout the OECD. The final section of the book analyses how these impending challenges will reconfigure and threaten to destabilize established national systems of capitalism.

Contemporary CPE

2017 ◽  
Author(s):  
Georg Menz
Keyword(s):  
Twentieth Century ◽  
Political Economy ◽  
Public Administration ◽  
Real World ◽  
International Political Economy ◽  
World Politics ◽  
Comparative Political Economy ◽  
Related Field ◽  
Political Landscape ◽  
New Thinking

During the second half of the twentieth century, the foundation was laid for the discovery of distinct models of capitalism. Organized and tightly regulated models underwent liberalizing changes from the 1970s onwards, reflecting new thinking in public administration, economics, and real world politics. At the same time, the tumultuous geo-political landscape of the 1970s inspired the subfield of international political economy, a related field that occasionally veers into the same territory and related questions, yet sits analytically separate from Comparative Political Economy. Debates about neocorporatism and cross-over contributions that straddle the divide between the field are explored in depth. Finally, the Varieties of Capitalism debate is briefly introduced which was inspired by the globalization literature of the 1990s and its claim of convergence. This chapter concludes the critical review of the foundations of the field.

French Economic Policy

2017 ◽  
Author(s):  
Ben Clift
Keyword(s):  
Political Economy ◽  
Economic Policy ◽  
Capital Mobility ◽  
International Political Economy ◽  
Future Research ◽  
Economic Governance ◽  
Comparative Political Economy ◽  
French Case ◽  
Market Relations

This chapter explores contemporary economic policy and state–market relations in France against the backdrop of comparative political economy debates about interventionism in the economy and international political economy debates about capital mobility and policy autonomy. Charting contemporary theoretical and empirical developments in the French case and beyond, the chapter explores how to situate economic policy within institutional and ideational context, and how interests can be brought into explanation. These three “i”s, it argues, represent different but not mutually exclusive ways to explore economic policy autonomy amidst international liberalization. It argues that insights from each of the three “i”s’ literatures have enhanced understandings of French economic policy, and informed its conduct to different degrees across the decades. It concludes with the potential for “post-dirigisme” to frame future research exploring the tension between the creeping influence of rules-based policymaking, co-existing and conflicting with enduring dirigiste practices and aspirations within French economic governance.

Patents and Development in the New Global Economy

2017 ◽  
Author(s):  
Kenneth C. Shadlen
Keyword(s):  
Political Economy ◽  
Case Studies ◽  
Global Economy ◽  
International Political Economy ◽  
World Order ◽  
Global Politics ◽  
Pharmaceutical Patents ◽  
Key Points ◽  
Comparative Case Studies ◽  
Privately Owned

The concluding chapter reviews the main findings from the comparative case studies, synthesizes the main lessons, considers extensions of the book’s explanatory framework, and looks at emerging challenges that countries face in adjusting their development strategies to the new global economy marked by the private ownership of knowledge. Review of the key points of comparison from the case studies underscores the importance of social structure and coalitions for analyses of comparative and international political economy. Looking forward, this chapter supplements the book’s analysis of the political economy of pharmaceutical patents with discussion of additional ways that countries respond to the monumental changes that global politics of intellectual property have undergone since the 1980s. The broader focus underscores fundamental economic and political challenges that countries face in adjusting to the new world order of privately owned knowledge, and points to asymmetries in global politics that reinforce these challenges.

scholarly journals Skill-Biased Liberalization: Germany’s Transition to the Knowledge Economy

2021 ◽  
pp. 003232922110065
Author(s):  
Sebastian Diessner ◽  
Niccolo Durazzi ◽  
David Hope
Keyword(s):  
Political Economy ◽  
Social Protection ◽  
Industrial Relations ◽  
Information And Communications Technology ◽  
Comparative Political Economy ◽  
Skilled Workers ◽  
Theoretical Frameworks ◽  
Exporting Firms ◽  
Alternative Perspective ◽  
Elite Interviews

This article conceptualizes the evolution of the German political economy as the codevelopment of technological and institutional change. The notion of skill-biased liberalization is introduced to capture this process and contrasted with the two dominant theoretical frameworks employed in contemporary comparative political economy scholarship—dualization and liberalization. Integrating theories from labor economics, the article argues that the increasing centrality of high skills complementary in production to information and communications technology has weakened the traditional complementarity among specific skills, regulated industrial relations, and generous social protection in core sectors. The liberalization of industrial relations and social protection is shown in fact to be instrumental for high-end exporting firms to concentrate wages and benefits on increasingly important high-skilled workers. Strong evidence based on descriptive statistics, union and industry documents, and twenty-one elite interviews is found in support of the article’s alternative perspective.

scholarly journals Firms in Trade and Trade Politics

2019 ◽  
Vol 22 (1) ◽  
pp. 399-417 ◽  
Author(s):  
In Song Kim ◽  
Iain Osgood
Keyword(s):  
Political Economy ◽  
Exchange Rates ◽  
Interest Group ◽  
Foreign Investment ◽  
International Political Economy ◽  
Political Organization ◽  
Trade Regime ◽  
Capital Movements ◽  
Trade Politics ◽  
Preference Map

We survey the literature on firms as primary actors in trade politics. In contrast with prevailing approaches, firm-centered models predict that trade internally divides industries and that larger firms are the strongest advocates for globalization. This new preference map alters extant predictions about the dynamics of interest group contestation over trade and suggests revised accounts for how political organization and institutions contribute to an open international order. We also explore the potential for new insights into the operation of the global trade regime, the politics of foreign investment, immigration and capital movements, and exchange rates. Poli-tical activities undertaken by firms are important areas for further research in international political economy: Their economic engagements directly affect the movement of goods, services, capital, and people across the globe.

The new international political economy of Guyana

1991 ◽  
Vol 80 (317) ◽  
pp. 73-80
Author(s):  
Frank Long
Keyword(s):  
Political Economy ◽  
International Political Economy

scholarly journals The political consequences of the product cycle: industrial history and political outcomes

1979 ◽  
Vol 33 (1) ◽  
pp. 1-34 ◽  
Author(s):  
James R. Kurth
Keyword(s):  
Political Economy ◽  
Domestic Politics ◽  
International Political Economy ◽  
Product Cycle ◽  
The West ◽  
Political Consequences ◽  
Industrial History ◽  
Political Outcomes ◽  
Foreign Policies ◽  
The Impact

What explains the continuing stagnation in the industrial economies of the West? What will be the impact of such stagnation upon domestic politics and upon international relations? Are there domestic and foreign policies which the state can undertake to bring about a return to sustained economic prosperity and a recapitulation of that lost golden age of 1948–1973? These are now the central questions for scholars in the emerging field of international political economy. A recent special issue of International Organization, edited by Peter Katzenstein, has presented some of the most useful and sophisticated approaches to these questions and analyses of the international political economy of the West during the period of the last thirty years.

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