Strange fruit: Susan Strange's theory of structural power in the international political economy

1996 ◽  
Vol 10 (2) ◽  
pp. 167-189 ◽  
Author(s):  
Christopher May
Keyword(s):  
Political Economy ◽  
International Political Economy ◽  
Structural Power

The construction of US financial power

2009 ◽  
Vol 35 (1) ◽  
pp. 69-94 ◽  
Author(s):  
MARTIJN KONINGS
Keyword(s):  
Political Economy ◽  
Political Power ◽  
International Political Economy ◽  
State Power ◽  
Global Finance ◽  
Structural Power ◽  
Financial Decline ◽  
History Of ◽  
State And Market ◽  
Financial Power

AbstractCritical work in international political economy (IPE) has sought to theorise US financial power through the concept of structural power, intended as a means to go beyond state-centric conceptions of political power and to trace the state’s interaction with socio-economic forces. But due to the tendency to ontologise the distinction between state and market, IPE has not been fully successful in articulating the linkages between structural power and state power. The article then examines literature in the field of cultural political economy (CPE), which emphasises the constitutive importance of the cultural norms and practices situated at the level of everyday life. The CPE literature fails to challenge established IPE accounts in some key respects, and the article relates this to its conception of political power. The article develops an institution-based perspective that is more suitable to theorising the linkages between structural power and state power, and then proceeds to develop an interpretation of the construction of American financial power over the course of the 20th century. It reinterprets some of the key moments in the history of US and global finance and re-examines notions of American financial decline.

Regulation

2021 ◽  
Author(s):  
Cyril Benoît ◽  
Matthias Thiemann
Keyword(s):  
Political Economy ◽  
Financial Regulation ◽  
International Political Economy ◽  
Structural Power

This article reviews the literature on regulation in International Political Economy. It shows that during recent decades, the study of this topic gradually shifted from a positivist to a more sociologically-informed understanding of the formation, reproduction, and change of regulatory orders. This evolution, it is argued, was motivated by various attempts at locating the plural and often contingent appearances of power in these settings—including the (infra)structural power of firms, the structural mismatches between global and domestic regulations, and the manipulation of regulatory ideas and concepts. Research on financial regulation in the post-crisis era was instrumental in this turn.

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.

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 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.

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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