scholarly journals Bridging international political economy and public policy and administration research on central banking

2021 ◽  
pp. 1-20
Author(s):  
Mustafa Yagci ◽  
Caner Bakir
Author(s):  
Mark Copelovitch ◽  
James Anderson

As the economic and financial crises of the last decade have highlighted, monetary issues sit at the heart of nearly every major political debate and policy issue in the world economy today. This makes the study of the politics of money perhaps the single most important topic in International Political Economy (IPE). This article surveys the IPE literature on money over the last two decades, highlighting outstanding scholarship on the political economy of central banking, exchange rates, and the international monetary system, as well as the persistent problem of “non-engagement” between scholars of different theoretical and methodological perspectives. In taking stock of the field, the article seeks to identify the many important contributions of each camp, to note outstanding work and scholars that have recently begun to bridge this gap, and to highlight key empirical and theoretical topics where further constructive engagement would enrich our understanding of the politics of money.


1996 ◽  
Vol 1 (4) ◽  
pp. 333-356
Author(s):  
Michael Talalay

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.


1987 ◽  
Vol 22 (3) ◽  
pp. 224-232
Author(s):  
Ghiļa Ionescu

Susan’s ‘Faites vos jeux, messieurs. Rien ne va plus’ — The Politics of Liberalism — Bertrand de JouvenelSusan’s ‘Faites Vos Jeux, Messieurs. Rien Ne Va Plus’ Professor Susan Strange is widely recognised as the foremost British exponent of the meta-discipline of International Political Economy, better known under its nickname IPE. I define it as a meta-discipline because, as is well known, its purpose it to fuse into one the three previously disparate disciplines of economics, politics (notably comparative politics, political sociology and public policy) and international relations which can make sense now only when they are related to each other. The nineteenth-century founders of the social sciences had simply used the name of Political Economy. But then the unforeseeable agglomeration of empirical material led to an objective need for specialization and to a subjective professional interest which in turn led not only to a growing differentiation in the subject-matter, but also to an unnatural incompatibility of perspectives. Like many other artificial barriers which have fallen under the sweep of twentieth-century interdependence, the disciplinary barriers, and even the inadequate ‘interdisciplinary collaborations’ between the major social sciences, should now return to the initial common matrix. Whether the end result will indeed be a new, unique, science, or whether the social sciences will learn how to ‘see’ trifocally is another matter.


Author(s):  
J. J. Woo ◽  
Richard Higgott

In the aftermath of the global financial crisis (GFC), there has been much soul-searching in economics and those areas of the policy sciences that concern themselves with the study of finance and the economy. The purpose of this chapter is to look at international political economy (IPE) and (global) public policy (GPP) as areas of inquiry undergoing processes of transition in the wake of the GFC and ask how they might demonstrate greater policy influence. We suggest that there are important lessons that IPE can learn from GPP, in order to ensure its relevance in global policy debates. We highlight the relevance of three public policy tools that may benefit IPE: policy complexity; behavioural approaches; and strategic foresight.


1987 ◽  
Vol 20 (3) ◽  
pp. 599-624
Author(s):  
David G. Haglund

AbstractThis article argues that the three volumes of the Macdonald Commission research output devoted to international political economy (vols. 28 to 30) demonstrate a bias toward what might be labeled “neo-realist” analysis. As a result, they nearly all are steeped in a degree of pessimism regarding Canada's place in the evolving international political economy—a pessimism that extends not only to future prospects for the. multilateral trading system, but for the bilateral Canada-US one as well. While this sense of limited options might indeed be justified, this article argues that a serious omission from the set of studies was the relative lack of attention accorded to the security arrangements underpinning the postwar trade and monetary order. That being said, the author finds that the volumes will likely have a lasting significance for scholars, even though their relevance for public policy may not be so great or lasting.


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