scholarly journals Credible Keynesianism? New Labour Macroeconomic Policy and the Political Economy of Coarse Tuning

2006 ◽  
Vol 37 (1) ◽  
pp. 47-69 ◽  
Author(s):  
BEN CLIFT ◽  
JIM TOMLINSON
Keyword(s):  
Political Economy ◽  
International Political Economy ◽  
Macroeconomic Policy ◽  
New Labour ◽  
Fine Tuning ◽  
Policy Framework ◽  
Policy Space ◽  
Economic Paradigm ◽  
Post War ◽  
Political Economic

This article questions prevailing interpretations of New Labour's political economy and challenges the assumption within the comparative and international political economy literatures of the exhaustion of the Keynesian political economic paradigm. New Labour's doctrinal statements are analysed to establish to what extent these doctrinal positions involve a repudiation of Keynesianism. Although New Labour has explicitly renounced the ‘fine tuning’ often (somewhat problematically) associated with post-war Keynesian political economy, we argue that they have carved out policy space in which to engage in macroeconomic ‘coarse tuning’ inspired by Keynesian thinking. This capacity to ‘coarse tune’ is precisely what is being sought in New Labour's quest for credibility through the redesign of British macroeconomic policy framework and institutions. Our empirical focus on New Labour in government since 1997 offers considerable evidence that this search for the capacity to ‘coarse tune’ has been successful.

scholarly journals BEYOND NEOLIBERALISM, THE EMERGENCE OF LATIN AMERICA PINK TIDE (POST WASHINGTON CONSENSUS AND NEOSTRUCTURALISM)

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Muhammad Dudi Hari Saputra
Keyword(s):  
Political Economy ◽  
Latin America ◽  
Development Process ◽  
International Political Economy ◽  
Model Development ◽  
Development Model ◽  
Economic Paradigm ◽  
Neoliberal Development ◽  
Political Economic ◽  
Latin America Countries

This paper aims to analyze the emergence of Latin America Pink Tide and others, especially in political-economic paradigm (liberalism, neoliberalism and post-neoliberalism). Firstly, this paper describes an international political economy development generally and theoretically. Secondly, it describes political economy conditions in Latin America. Thirdly, it analyzes neoliberalism context that affects the development process in Latin America countries. Fourthly, it analyzes neoliberal development model, which is adopted in the context of Latin America. Fifthly, author is trying to address alternatives of neoliberalism development model that was conceived and adopted by the countries in Latin America, associate with pink tide phenomenon that recently emerging up in most countries in Latin America. Keywords: Alternative model, Development, International Political Economy, Latin America, Liberalism, Neoliberalism, Post-neoliberalism and Pink Tide.

scholarly journals Rebuilding Bridges: Toward a Feminist Research Agenda for Postwar Reconstruction

2017 ◽  
Vol 13 (04) ◽  
pp. 715-721 ◽  
Author(s):  
Suzanne Bergeron ◽  
Carol Cohn ◽  
Claire Duncanson
Keyword(s):  
Political Economy ◽  
Armed Conflict ◽  
Research Agenda ◽  
International Political Economy ◽  
Security Studies ◽  
Gender Based Violence ◽  
Postwar Reconstruction ◽  
Gender Based ◽  
And Gender ◽  
Political Economic

As feminists who think about war and peacebuilding, we cannot help but encounter the complex, entwined political economic processes that underlie wars’ causes, their courses, and the challenges of postwar reconstruction. For us, then, the increasing academic division between feminist security studies (FSS) and feminist (international) political economy (FPE/FIPE) has been a cause for concern, and we welcomed Politics & Gender’s earlier Critical Perspectives section on efforts to bridge the two (June 2015). We noticed, however, that although violence was addressed in several of the special section's articles, war made only brief and somewhat peripheral appearances, and peacebuilding was all but absent. While three contributions (Hudson 2015; Sjoberg 2015; True 2015) mentioned the importance of political economy in the analysis of armed conflict, the aspects of war on which the articles focused were militarized sexualities (Sjoberg 2015) or conflict-related and postwar sexual and gender-based violence (Hudson 2015; True 2015).

22. Global Political Economy

2020 ◽  
pp. 508-534
Author(s):  
Stephanie Lawson
Keyword(s):  
Political Economy ◽  
World War Ii ◽  
International Political Economy ◽  
International Economic Order ◽  
Global Political Economy ◽  
Post Cold War ◽  
The North ◽  
System P ◽  
Liberal Political Economy ◽  
Political Economic

This chapter provides an overview of the field of Global Political Economy (GPE), also known as International Political Economy (IPE). It begins with a discussion of how GPE/IPE has developed as a major focus of study within the broader field of global politics over the last four decades. It then considers the rise of mercantilism as a theory of GPE, along with its relationship to nationalism and colonialism. It also examines the emergence of liberal political economy, Marxism and critical IPE, and the international economic order after World War II. In particular, it looks at the Bretton Woods system, which emerged after the war as a compromise between liberalism and nationalism. The chapter concludes with an analysis of international political, economic, and social problems associated with the North–South gap, globalization and regionalization in the post-Cold War period, and financial crises that rocked the global economic system.

A Economia Política do Big Data: Um Recurso Estratégico e de Poder entre Oligopólios Tecnológicos e Vulnerabilidades Estatais l The Political Economy of Big Data: a Strategic and Power Resource Among Technological Oligopolies and State Vulnerabilities

2021 ◽  
Vol 10 (1) ◽  
pp. e59061
Author(s):  
Francisco Luiz Marzinotto Junior
Keyword(s):  
Political Economy ◽  
Big Data ◽  
Social Relations ◽  
International Political Economy ◽  
Digital Data ◽  
Sensitive Information ◽  
Vicious Cycle ◽  
Public Interests ◽  
Strategic Resources ◽  
Political Economic

A Internet popularizou-se globalmente a partir da década de 90 e se tornou central nas relações sociais contemporâneas. Atualmente, mais de 50% da população mundial a utiliza diariamente. Com isso, a quantidade de dados digitais produzidos aumentou subitamente, fazendo com que adentremos na “Era do Big Data”. Contudo, essa área é dominada por oligopólios privados com enorme capital que absorvem novas empresas e tecnologias, eliminando possíveis concorrentes e colocando em risco a estabilidade estatal. Assim, o objetivo do presente trabalho é analisar a posição dos Estados em relação à “Era do Big Data”. Os resultados demonstraram a existência de um ciclo vicioso de concentração de informações sensíveis e poder político-econômico em oligopólios. Conclui-se que os “dados” não devem ser vistos apenas como uma ferramenta de aprimoramento comercial, mas sim, como uma fonte de recurso estratégico aos Estados, devendo-se priorizar os interesses públicos em detrimento dos privados em sua gestão.Palavras-Chave: Big Data; Poder; Economia Política Internacional. ABSTRACTInternet became globally popular and central to social relations since 1990s. Currently, more than 50% of the world’s population uses it daily. As result, the amount of digital data produced has suddenly increased, making us enter the “Big Data Era”. However, this area is dominated by private oligopolies with huge capital that absorb new companies and technologies, eliminating potential competitors and putting state stability at risk. Thus, the objective of the present work is to analyze the position of the States in relation to the “Big Data Era”. The results demonstrated the existence of a vicious cycle of concentration of sensitive information and political-economic power in oligopolies. It is concluded that big data should no longer be seen only as a tool for commercial improvement, but rather as a source of strategic resources for States, where public interests should be prioritized over private ones in their management.Keywords: Big Data; Power; International Political Economy. Recebido em: 10/04/2021 | Aceito em: 07/07/2021. 

The Coming Energy Revolution and the Transformation of the International Political Economy: Fuel Cell Technology, Public Policy and Global Power Shifts

1996 ◽  
Vol 1 (4) ◽  
pp. 333-356
Author(s):  
Michael Talalay
Keyword(s):  
Public Policy ◽  
Political Economy ◽  
Fuel Cells ◽  
Electricity Generation ◽  
Fossil Fuels ◽  
International Political Economy ◽  
Global Political Economy ◽  
Direct Benefits ◽  
Global Power ◽  
Political Economic

This paper addresses the issue of technological change in the global political economy. Specifically, it looks at the implications of a transition from hydro-carbons to hydrogen-powered fuel cells as the major source of energy for transportation, for electricity generation, and for combined heat and power. After briefly explaining how fuel cells work and what their direct benefits are, including dramatically reducing air pollution and global warming and shifting from fossil fuels to renewable energy, the paper asks three main questions. First, what are the political, economic and technical obstacles that fuel cells must overcome. Second, what combination of market pull and public policy push will lead to their commercial success. Third, what are the implications of such success for the global political economy in three areas: changes in competitiveness in major industries; economic growth and development; and the global redistribution of political power.

12. Critical Political Economy

2009 ◽  
Author(s):  
Alan W. Cafruny ◽  
J. Magnus Ryner
Keyword(s):  
European Union ◽  
Political Economy ◽  
Economic Analysis ◽  
Monetary Union ◽  
International Political Economy ◽  
Late Nineteenth Century ◽  
The European Union ◽  
The Social ◽  
Late Nineteenth ◽  
Political Economic

This chapter examines European integration from the perspective of critical political economy. It first situates the belated arrival of political economy in integration studies within the context of the division of the social sciences in the late nineteenth century. It then considers the crisis of the Bretton Woods system and how it served to revive the study of political economy through the establishment of a subdiscipline of international political economy. It also explores the key strands of political economic analysis as they were imported into the study of the European Union, focusing on the ‘varieties of capitalism’ perspective, neo-Marxism, and regulation theory. Finally, it discusses from the perspective of critical political economy the causes and consequences of the economic and monetary union as a case where such an approach seems particularly useful, along with Eastern enlargements of 2004 and 2007.

20. Global Political Economy

2017 ◽  
Author(s):  
Stephanie Lawson
Keyword(s):  
Political Economy ◽  
World War Ii ◽  
International Political Economy ◽  
International Economic Order ◽  
Global Political Economy ◽  
Post Cold War ◽  
The North ◽  
System P ◽  
Liberal Political Economy ◽  
Political Economic

This chapter provides an overview of the field of Global Political Economy (GPE), also known as International Political Economy (IPE). It begins with a discussion of how GPE/IPE has developed as a major focus of study within the broader field of global politics over the last four decades. It then considers the rise of mercantilism as a theory of GPE, along with its relationship to nationalism and colonialism. It also examines the emergence of liberal political economy, Marxism and critical IPE, and the international economic order after World War II. In particular, it looks at the Bretton Woods system, which emerged after the war as a compromise between liberalism and nationalism. The chapter concludes with an analysis of international political, economic, and social problems associated with the North–South gap, globalization and regionalization in the post-Cold War period, and financial crises that rocked the global economic system.

The Material Constitution: There is no Alternative … or is There?

2021 ◽  
pp. 178-202
Author(s):  
Michael A. Wilkinson
Keyword(s):  
Political Economy ◽  
Monetary Union ◽  
Macroeconomic Policy ◽  
Economic And Monetary Union ◽  
Material Constitution ◽  
Economic Liberalism ◽  
Post War ◽  
Economic Domain

This chapter examines how the material constitution of economic liberalism was entrenched after Maastricht, with Economic and Monetary Union (EMU) and the neo-liberal drift. In the domain of political economy, the deepening and widening of post-war trends was most evident, the logic of the market being brought to bear on macroeconomic policy with a near-complete political abdication to ordoliberal and neo-liberal demands. The chapter also discusses the dramatic geographical extension of these trends via the process of enlargement of the Union. And, yet, in the socio-economic domain, certain discontinuities could also be identified, and the chapter discusses the opposition to the Maastricht settlement and its political orthodoxy that started to bubble below the surface. It concludes with a discussion of the growing social fractures that developed after Maastricht, albeit without being channelled into a significant political countermovement.</Online Only>

The Pandemic, the Economy, and Environmental Change: Six Implications for the Study of International Political Economy

2021 ◽  
Vol 2 (1) ◽  
Author(s):  
Ryan Katz-Rosene
Keyword(s):  
Political Economy ◽  
Environmental Change ◽  
International Political Economy ◽  
Economic Recession ◽  
Global Environment ◽  
Global Political Economy ◽  
Continuity And Change ◽  
Political Economic ◽  
The Relationship

What is the relationship between the global COVID-19 pandemic, the economic recession that followed in its wake, and the ongoing degradation of the global environment? What are key takeaways from this relationship for scholars of international political economy? This article identifies a trialectical relationship between these three forces, addresses ways that the trialectic presents moments of both continuity and change in the trajectory of the global political economy, and invokes Arundhati Roy’s concept of “the pandemic as portal” to foreground the need for scholars of international political economy to tease out and promote new political economic ideals that improve humanity’s resilience to future destabilization risks.

Directions and Perspectives of Political-Economic Studies

2008 ◽  
pp. 27-45
Author(s):  
A. Libman
Keyword(s):  
International Political Economy ◽  
Economic Research ◽  
Economic Power ◽  
Economic Approach ◽  
Policy Studies ◽  
Political Processes ◽  
Economic Methods ◽  
Political Economic ◽  
Economic Studies

The paper surveys the main directions of political-economic research, i.e. variants of economic and political approaches endogenizing political processes in economic models and applying economic methods to policy studies. It analyses different versions of political-economic research in different segments of scientific community: political economics, evolutionary theory of economic policy, international political economy, formal political science and theory of economic power; main methodological assumptions, content and results of positive studies are described. The author also considers the role of political-economic approach in the normative research in economics.

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