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.

Dependency in Africa: Stages of African Political Economy

1983 ◽  
Vol 9 (2) ◽  
pp. 229-247 ◽  
Author(s):  
Amechi Okolo
Keyword(s):  
Political Economy ◽  
International System ◽  
Raw Material ◽  
The West ◽  
Cheap Labour ◽  
History Of ◽  
The Common ◽  
First Contact ◽  
The Impact ◽  
The Relationship

This paper traces the history of the relationship between Africa and the West since their first contact brought about by the outward thrust of the West, under the impetus of rising capitalism, in search of cheap labour and cheap raw material for its industries and expanding markets for its industrial products, both of which could be better ensured through domination and exploitation. The paper identifies five successive stages that African political economy has passed through under the impact of this relationship, each phase qualitatively different from the other but all having the common characteristic of domination-dependence syndrome, and each phase having been dictated by the dynamics of capitalism in different eras and by the dominant forces in the changing international system. Its finding is that the way to the latest stage, the dependency phase, was paved by the progressive proletarianization of the African peoples and the maintenance of an international peonage system. It ends by indicating the direction in which Africa can make a beginning to break out of dependency and achieve liberation.

Duterte’s Foreign Policy Pivot and Its Impact on Philippine Trade and Investments: An International Political Economy Perspective

2020 ◽  
Vol 41 (1-2) ◽  
pp. 127-160
Author(s):  
Jenny D. Balboa
Keyword(s):  
Political Economy ◽  
Foreign Policy ◽  
International Political Economy ◽  
The United States ◽  
The Philippines ◽  
The Political ◽  
The European Union ◽  
Economic Relations ◽  
The Impact ◽  
Trade And Investment

Abstract Since the Philippines elected President Rodrigo Duterte in 2016, the country’s foreign policy seems to have become more uncertain. President Duterte’s mercurial personality and antagonistic tirades against the country’s traditional Western allies, including the United States (US) and the European Union (EU), and his statements of building closer ties with China and Russia, had changed the political and diplomatic tone of the Philippines overall. Certainly, the political relationship between the Philippines and the West has been changed by Duterte’s strong remarks against the US and EU. Has this change spilled over to the economy? The paper presents an international political economy framework in examining the impact of Duterte’s foreign policy pivot to the country’s foreign economic relations, focusing on trade and investment. The paper argues that Duterte’s foreign policy shift is mainly shaped by Duterte’s “politics of survival”. Not firmly anchored in any idea, norms, or interest that can clearly benefit the country, Duterte is unable to provide coherent guidance and leadership on the foreign policy pivot, particularly on the economy. Duterte’s lack of guidance provided the technocrats with the policy space to continue the policies from the previous administration and not to divert radically from previous economic policies. The stability of the economic institutions provided a refuge in the period of uncertainty. As a result, the foreign economic relations of the Philippines has not radically shifted. The trade and investment situation of the Philippines remained stable, and economic relations with traditional partners are maintained.

5. Oil and Political Economy in the International Relations of the Middle East

2016 ◽  
Author(s):  
Giacomo Luciani
Keyword(s):  
Political Economy ◽  
Middle East ◽  
International Relations ◽  
Domestic Politics ◽  
Middle Eastern ◽  
Rentier State ◽  
Eastern State ◽  
Used Oil ◽  
Foreign Policies ◽  
Middle East Policy

This chapter examines the impact of oil and political economy on the international relations of the Middle East. It begins by discussing the relationship between oil and the consolidation and evolution of the modern Middle Eastern state system, noting that, while outside powers have invariably used oil in their calculations of Middle East policy, oil has figured less prominently in the foreign policies of Arab states. As regards domestic politics, the rentier state paradigm shows how oil has conditioned economic and political outcomes in both oil-rich and oil-poor states, slowing down the prospects for reform. The chapter proceeds by assessing the influence of oil on inter-Arab relations and concludes with some reflections on the regional and international environments as well as the political order in the Middle East.

The origins and development of the Northeast Asian political economy: industrial sectors, product cycles, and political consequences

1984 ◽  
Vol 38 (1) ◽  
pp. 1-40 ◽  
Author(s):  
Bruce Cumings
Keyword(s):  
Political Economy ◽  
South Korea ◽  
Product Cycle ◽  
Korean Society ◽  
Political Consequences ◽  
Product Cycles ◽  
Economic Unit ◽  
Industrial Sectors ◽  
The World ◽  
Northeast Asian

Theories of the product cycle, hegemony, and the world system are used to analyze the creation and development of the Northeast Asian political economy in this century. Japan, South Korea, and Taiwan have each developed in a particular relationship with the others; the three taken together form a hierarchical, constantly interacting political-economic unit. During the period of colonial rule Japan was unique in building an imperial economic unit marked by a strong role for the state (whether in Tokyo or Taipei), by a tight, integral Unking of all three nations into a communications and transport network running toward the metropole, and by a strategy of both using the colonies for agricultural surpluses and then locating industries there. After 1945 a diffuse American hegemony replaced Japan's unilateral system, but elements of the prewar model have survived: strong states direct economic development in South Korea and Taiwan (here termed “bureaucratic-authoritarian industrializing regimes”); both countries are receptacles for Japan's declining industries; and both countries develop in tandem, if in competition, with each other. The most recent export-led competition has seen Taiwan succeed where South Korea has (temporarily?) failed, leaving Seoul in an export-led “trap,” burdened with rapidly increasing external debt. Taiwan, furthermore, has industrialized relatively free of social disruption, whereas Korean society resisted its transformation at Japanese hands and remains more rebellious today. There can be one Japan and one Taiwan, but not two or many of either, in the world economy.

Comparative and International Political Economy and the Global Financial Crisis

2017 ◽  
Author(s):  
Alison Johnston
Keyword(s):  
International Economic ◽  
Political Economy ◽  
Financial Crisis ◽  
Financial Markets ◽  
Domestic Politics ◽  
Global Financial Crisis ◽  
International Political Economy ◽  
Debt Crisis ◽  
European Debt Crisis ◽  
Foreign Credit

The 2008 Global Financial Crisis (GFC) and subsequent European Debt Crisis had wide-sweeping consequences for global economic and political stability. Yet while these twin crises have prompted soul searching within the economics profession, international political economy (IPE) has been relatively ineffective in accounting for variation in crisis exposure across the developed world. The GFC and European Debt Crisis present the opportunity to link IPE and comparative political economy (CPE) together in the study of international economic and financial turmoil. While the GFC was prompted by the inter-connectedness of global financial markets, its instigators were largely domestic in nature and were reflective of negative externalities that stemmed from unsustainable national policies, especially those related to financial regulation and household debt accumulation. Many in IPE take an “outward looking in” approach to the examination of international economic developments and domestic politics; analysis rests on how the former impacts the latter. The GFC and European Debt Crisis, however, demonstrate the importance of a (CPE-based) “inward looking out” approach, analyzing how unique policy and political features (and failures) of individual nation states can unleash economic and financial instability at the global level amidst deepened economic and financial integration. IPE not only needs to grant greater attention to variation in domestic politics and policies in a time of closely integrated financial markets, but also should acknowledge the impact of a wider array of actors beyond banks and financial institutions (specifically more domestically rooted actors like households) on cross-national variation in the consumption of foreign credit.

scholarly journals Refining domestic politics theories of IPE: A societal approach to governmental preferences

Politics ◽  
2020 ◽  
Vol 40 (4) ◽  
pp. 396-412 ◽  
Author(s):  
Stefan A Schirm
Keyword(s):  
Political Economy ◽  
International Cooperation ◽  
Crucial Role ◽  
Domestic Politics ◽  
Driving Forces ◽  
International Political Economy ◽  
Domestic Institutions ◽  
Material Interests

Domestic politics theories of international political economy and the recent disruptions in international cooperation and trade apparently induced by domestic discontent have shown the crucial role domestic forces play in influencing governmental preferences. This article contributes to this theoretical school, first, by assessing seminal works on the ideational, material, and institutional dimensions of domestic politics, and second, by conceptualising the ‘societal approach’ to fill a major gap in domestic politics theorising. The societal approach asks under which conditions value-based societal ideas, domestic institutions, and material interests matter in shaping governmental preferences. When do ideas prevail over interests and vice versa? How do they interact with each other and with domestic institutions? The societal approach includes all three domestic variables as potential driving forces for governmental preferences and conceives them both as individual and as interacting forces. Most importantly, it complements domestic politics theories by proposing hypotheses on the conditions for the influence of each variable on governmental preferences. The article brings together previously conceived parts of the societal approach and considerably expands it.

U.S. Domestic Politics and International Political Economy: An Introduction to the Special Issue

2011 ◽  
Vol 13 (3) ◽  
pp. 1-4 ◽  
Author(s):  
Chloe Thurston ◽  
Kathryn Bowen
Keyword(s):  
Political Economy ◽  
Domestic Politics ◽  
International Political Economy ◽  
The United States ◽  
Executive Branch ◽  
Business Strategies ◽  
Special Issue ◽  
Policy Debates ◽  
Critical Issues

The articles in this special issue of Business and Politics weigh in on the domestic political dynamics that continue to shape the international political economy, with a focus on the United States case. In this issue, Richard Carney discusses the role of New Deal–era farmers in shaping modern global financial standards, Daniel Kono analyzes the relationship between social policy and support for freer trade, and Kathleen Rehbein and Douglas Schuler examine the characteristics of business firms that are most likely to gain legislative and executive branch access in the area of trade policy. The two final articles provide insights into critical issues in ongoing policy debates. Irja Vormedal discusses the role of business strategies and “tipping points” in determining the support and failure of federal environmental regulation from 1990 through 2010, while Emily Yixuan Cao, Yong Cao, Rashmi Prasad, and Zhengping Shen argue that domestic politics continues (and will continue) to influence the character of U.S.-China exchange rate negotiations. This introduction to the special issue summarizes the contributions of these five articles and also situates them in relation to other contemporary political science debates.

FOREIGN INVESTMENT AND THE POLITICAL ECONOMY OF INDONESIAN CAPITAL MARKET IN 2015-2016

2019 ◽  
Vol 7 (6) ◽  
pp. 340-348
Author(s):  
Faris Al-Fadhat ◽  
Mohammad Raihan Nadhir
Keyword(s):  
Political Economy ◽  
Interest Rates ◽  
Foreign Investment ◽  
Capital Market ◽  
International Political Economy ◽  
Stock Exchange ◽  
Economic Stability ◽  
Foreign Investors ◽  
The Impact ◽  
The Capital Market

Purpose of the study: This article examines the impact of foreign investment—especially through the capital market—towards the economic stability and strategic policy in Indonesia. Despite being a member of G20, a group of states with the world’s highest Gross Domestic Products, Indonesia is still a developing state whose need for investment to support economic growth is high. On the other side, Indonesia has a low capital accumulation rate due to low people’s savings which inhibits the development projects. Therefore, the government prioritizes the incoming flow of foreign investment. Methodology: This study applies the international political economy approach to provide critical analysis of Indonesian contemporary foreign investment, especially in the capital market. The data used is the investment activities through the Indonesia Stock Exchange during 2015-2016. Main Findings: It argues that Indonesia’s considerable dependence on investment has enabled foreign investors to play the capital flow to influence the national economic stability for their interests. Such influence was a result of two strategies: (i) the transaction domination in the capital market through the Indonesia Stock Exchange, and (ii) the alliance with financial actors in accessing inside information—which is not commonly owned by domestic investors. Implications/Applications: This study suggests that the politics of foreign investors has contributed towards the changes of government policies in the financial sectors to facilitate the process and to ensure the flow of foreign investment to Indonesia. Such policies include the government’s control of interest rates, fiscal policy, as well as currency stability through macroprudential regulation. Novelty/Originality: Essentially, the capital market is not politically neutral. It has been used by foreign investors to augment their interests by dominating transactions and building political alliances at the domestic level.

scholarly journals Peter Wilkin. The Political Economy of Global Communication: An Introduction. London: Pluto Press, 2001. vi + 163 pages. Paperback. ,14.99.

2002 ◽  
Vol 41 (2) ◽  
pp. 199-201
Author(s):  
Mir Annice Mahmood
Keyword(s):  
Political Economy ◽  
International Political Economy ◽  
Human Life ◽  
Human Security ◽  
Maximum Level ◽  
Well Being ◽  
Human Beings ◽  
Global Communications ◽  
Key Indicators ◽  
The Impact

The author of this book has enriched international political economy by introducing a new aspect, namely, the impact of the steadily advancing global communications industry on economies and societies and, more specifically, on human security. The latter is a broad-based concept developed by the UNDP to reflect, through certain key indicators, human well-being. This consists of a very strong element of social justice in which human beings can satisfy their needs by organising the appropriate political, economic, and cultural institutions within a framework that provides the maximum level of participation and autonomy. For the latter to be achieved, it is essential that people have the means to decide what they wish to do in life and then can translate these wishes into actuality. As the author quotes Streeten, human security is “a broad approach to improving human well-being that would cover all aspects of human life, for all people, in both high-income and developing countries, both now and in the future” (p. 5).

scholarly journals Political Economy of Cross-Strait Relations

2021 ◽  
Vol 21 (1) ◽  
pp. 136-147
Author(s):  
Ekaterina Oganesovna Nakhatakyan
Keyword(s):  
Political Economy ◽  
Bilateral Trade ◽  
International Political Economy ◽  
Mainland China ◽  
Economic Cooperation ◽  
Economic Factors ◽  
Republic Of China ◽  
Political Cycle ◽  
The Impact ◽  
Two Sides

The article provides a comprehensive analysis of the interrelation of political and economic factors in Cross-Strait relations. The main political factor considered in the study is the policy of the ruling party in Taiwan towards the Mainland, its acceptance of Beijings One China policy and 1992 Consensus, put forward by Mainland China as a political basis for building Cross-Strait dialogue between the parties. Key economic factors include economic cooperation and exchanges between the two sides in such fields as bilateral trade, international capital flows and tourism. The relevance of the study refers to the settlement of the so-called Taiwan issue and the implementation of the complete reunification of the Peoples Republic of China that embodies one of the fundamental interests of Mainland China. The aim of the research is to examine the impact of political cycle in Taiwan on the economic cooperation between Beijing and Taipei, the further intensification of which could lead to the peaceful reunification through economic integration. The study provides a broad overview of the development of relations between Taiwan and Mainland China, focusing on the policies of the Taipei administrations from 1949 to 2019 and its impact on economic cooperation between the two sides. The methodological framework of the paper is mainly based on international political economy. The results of the research suggest that political cycle in Taiwan has almost no impact on Cross-Strait trade and investment. Meanwhile it has quite significant influence on Cross-Strait tourism, especially from the PRC, as it has the administrative means of regulation of the number of Mainland tourists wishing to visit Taiwan.

Sign in / Sign up

Export Citation Format

Share Document