Comment: Trading places? China, the United States and the evolution of the international political economy

2009 ◽  
Vol 16 (4) ◽  
pp. 729-741 ◽  
Author(s):  
Mark Beeson
Author(s):  
Robert Jackson ◽  
Georg Sørensen

This chapter examines three important debates in International Political Economy (IPE). The first debate concerns power and the relationship between politics and economics, and more specifically whether politics is in charge of economics or whether it is the other way around. The second debate deals with development and underdevelopment in developing countries. The third debate is about the nature and extent of economic globalization, and currently takes places in a context of increasing inequality between and inside countries. This debate is also informed by the serious financial crisis of 2008 and has raised questions regarding the viability of the current model of capitalism in the United States and Western Europe.


2008 ◽  
Vol 41 (2) ◽  
pp. 411-435 ◽  
Author(s):  
Carla Norrlöf

Abstract. Accumulating debt is usually harmful for states, but a cyclical deficit policy and large-scale borrowing have been beneficial for the United States. While structural changes in the international political economy may cap America's future ability to process debt, an empirical analysis of the economic dimensions of hegemony over the last quarter century shows unambiguously that the hegemon reaps disproportionate gains in the area of trade and investment. This finding provides new insight on whether it is advantageous to be a hegemon.Résumé. Les États pâtissent généralement de l'accumulation des dettes, mais une politique de déficit cyclique et le recours à de larges emprunts ont pourtant été bénéfiques aux États-Unis. La capacité future de la puissance américaine à gérer sa dette sera peut-être entamée par les changements structurels subis par l'économie politique mondiale. Toutefois, l'analyse empirique des dimensions économiques de la situation d'hégémonie durant les vingt-cinq dernières années met à jour, et sans ambiguïté aucune, les gains disproportionnés générés par l'hégémon dans les domaines du commerce et de l'investissement. Cette recherche apporte un éclairage nouveau au débat sur les avantages liés à la position d'hégémon.


2021 ◽  
pp. 72-115
Author(s):  
Steve Chan ◽  
Huiyun Feng ◽  
Kai He ◽  
Weixing Hu

“Revisionism” is supposed to mean a rejection of the existing international order. Yet the meaning of international order has been underdeveloped in current research. This chapter delineates this idea, relying on the English school’s writings. It distinguishes the primary and secondary institutions of international order and introduces a collection of indicators to track and measure Chinese and US commitment to two aspects of international order: one that is norm-based and the other that is rule- or institution-based. These indicators encompass these countries’ official pronouncements, their involvement in wars and militarized disputes, their engagement in international political economy, and their participation in international organizations and multilateral treaties. The evidence shows that, contrary to customary depiction, the United States has become more revisionist over time and according to some measures, more so than China.


2011 ◽  
Vol 9 (3) ◽  
pp. 659-662 ◽  
Author(s):  
Brian Waddell

Jacob S. Hacker and Paul Pierson's Winner-Take-All Politics: How Washington Made the Rich Richer—And Turned Its Back on the Middle Class is both a work of political science and a contribution to broad public discussion of distributive politics. Its topic could not be more relevant to a US polity wracked by bitter partisan disagreements about taxes, social spending, financial regulation, social insecurity, and inequality. The political power of “the rich” is a theme of widespread public attention. The headline on the cover of the January–February 2011 issue of The American Interest—“Inequality and Democracy: Are Plutocrats Drowning Our Republic?”—is indicative. Francis Fukuyama's lead essay, entitled “Left Out,” clarifies that by “plutocracy,” the journal means “not just rule by the rich, but rule by and for the rich. We mean, in other words, a state of affairs in which the rich influence government in such a way as to protect and expand their own wealth and influence, often at the expense of others.” Fukuyama makes clear that he believes that this state of affairs obtains in the United States today.Readers of Perspectives on Politics will know that the topic has garnered increasing attention from political scientists in general and in our journal in particular. In March 2009, we featured a symposium on Larry Bartels's Unequal Democracy: The Political Economy of the New Gilded Age. And in December 2009, our lead article, by Jeffrey A. Winters and Benjamin I. Page, starkly posed the question “Oligarchy in the United States?” and answered it with an equally stark “yes.” Winner-Take-All Politics thus engages a broader scholarly discussion within US political science, at the same time that it both draws upon and echoes many “classic themes” of US political science from the work of Charles Beard and E. E. Schattschneider to Ted Lowi and Charles Lindblom.In this symposium, we have brought together a group of important scholars and commentators who offer a range of perspectives on the book and on the broader themes it engages. While most of our discussants are specialists on “American politics,” we have also sought out scholars beyond this subfield. Our charge to the discussants is to evaluate the book's central claims and evidence, with a focus on three related questions: 1) How compelling is its analysis of the “how” and “why” of recent US public policy and its “turn” in favor of “the rich” and against “the middle class”? 2) How compelling is its critique of the subfield of “American politics” for its focus on the voter–politician linkage and on “politics as spectacle” at the expense of an analysis of “politics as organized combat”? 3) And do you agree with its argument that recent changes in US politics necessitate a different, more comparative, and more political economy–centered approach to the study of US politics?—Jeffrey C. Isaac, Editor


1986 ◽  
Vol 38 (4) ◽  
pp. 626-645 ◽  
Author(s):  
Gene M. Lyons

Aside from language, students of international relations in the United States and Great Britain have several things in common: parallel developments in the emergence of international relations as a field of study after World War I, and more recent efforts to broaden the field by drawing security issues and changes in the international political economy under the broad umbrella of “international studies.” But a review of four recent books edited by British scholars demonstrates that there is also a “distance” between British and American scholarship. Compared with dominant trends in the United States, the former, though hardly monolithic and producing a rich and varied literature, is still very much attached to historical analysis and the concept of an “international society” that derives from the period in modern history in which Britain played a more prominent role in international politics. Because trends in scholarship do, in fact, reflect national political experience, the need continues for transnational cooperation among scholars in the quest for strong theories in international relations.


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