16. Global political economy

2019 ◽  
pp. 256-270
Author(s):  
Nicola Phillips
Keyword(s):  
Political Economy ◽  
Case Studies ◽  
International Political Economy ◽  
The Other ◽  
Global Political Economy ◽  
Global Migration ◽  
Labour Exploitation ◽  
Rise Of China ◽  
Forced Labour ◽  
The Rise Of China

This chapter introduces the field of International Political Economy (IPE), the themes and insights of which are reflected in the Global Political Economy (GPE), and what it offers in the study of contemporary globalization. It begins with three framing questions: How should we think about power in the contemporary global political economy? How does IPE help us to understand what drives globalization? What does IPE tell us about who wins and who loses from globalization? The chapter proceeds by discussing various approaches to IPE and the consequences of globalization, focusing on IPE debates about inequality, labour exploitation, and global migration. Two case studies are presented, one dealing with the BRICs and the rise of China, and the other with slavery and forced labour in global production. There is also an Opposing Opinions box that asks whether national states are irrelevant in an era of economic globalization.

16. Global political economy

2016 ◽  
Author(s):  
Nicola Phillips
Keyword(s):  
Political Economy ◽  
Case Studies ◽  
International Political Economy ◽  
The Other ◽  
Global Political Economy ◽  
Global Migration ◽  
Labour Exploitation ◽  
Rise Of China ◽  
Forced Labour ◽  
The Rise Of China

This chapter introduces the field of International Political Economy (IPE), the themes and insights of which are reflected in the Global Political Economy (GPE), and what it offers in the study of contemporary globalization. It begins with three framing questions: How should we think about power in the contemporary global political economy? How does IPE help us to understand what drives globalization? What does IPE tell us about who wins and who loses from globalization? The chapter proceeds by discussing various approaches to IPE and the consequences of globalization, focusing on IPE debates about inequality, labour exploitation, and global migration. Two case studies are presented, one dealing with the BRICs and the rise of China, and the other with slavery and forced labour in global production. There is also an Opposing Opinions box that asks whether national states are irrelevant in an era of economic globalization.

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 Forced labour in supply chains: Rolling back the debate on gender, migration and sexual commerce

2021 ◽  
pp. 135050682110207
Author(s):  
Rutvica Andrijasevic
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Sex Work ◽  
Social Reproduction ◽  
The Other ◽  
Law And Policy ◽  
Labour Exploitation ◽  
Separate Treatment ◽  
Forced Labour ◽  
Sexual Commerce

This article makes a conceptual contribution to the broader literature on unfree labour by challenging the separate treatment of sexual and industrial labour exploitation both by researchers and in law and policy. This article argues that the prevailing focus of the supply chain literature on industrial labour has inadvertently posited sexual labour as the ‘other’ of industrial labour thus obfuscating how the legal blurring of boundaries between industrial and service labour is engendering new modalities of the erosion of workers’ rights that are increasingly resembling those typical of sex work. This article advances the debate on unfree labour both conceptually and empirically. Conceptually, it highlights the relevance of social reproduction in understanding forms of labour unfreedom. Empirically, it demonstrates the similarities in forms of control and exploitation between sex work and industrial work by illustrating how debt and housing operate in both settings.

scholarly journals THE US’ CONTAINMENT STRATEGY AGAINST CHINA AND ITS IMPACT ON THE US-CHINA RELATIONS AT INTERNATIONAL SYSTEM LEVEL

2019 ◽  
Vol 35 (2) ◽  
Author(s):  
Nguyen Ngoc Anh
Keyword(s):  
Soft Power ◽  
International System ◽  
The Other ◽  
System Level ◽  
Territorial Sovereignty ◽  
The Us ◽  
Rise Of China ◽  
Containment Strategy ◽  
The Rise Of China

The article analyzes the US’ containment strategy against China at international system level, including the reason, main actions, and impact of this strategy on the US-China relations. The article supposes the main reason for making the strategy is the US’ desire to preserve her hegemony over the rise of China. The strategy consists of five main moves: economic restraint, technology restraint, restraint of territorial sovereignty ambition, assault on soft power, military deterrence, and prevention of coalition alliances. These moves will make the US-China relationship increasingly tense. However, except for the excess of the limit of restraining territorial sovereignty ambition, especially related to Taiwan, the other moves may make the US-China relations tense, but will not drive these two countries to war.

Global Cities in the Global Corporate Network

2007 ◽  
Vol 39 (10) ◽  
pp. 2297-2323 ◽  
Author(s):  
William K Carroll
Keyword(s):  
Political Economy ◽  
Economic System ◽  
The Other ◽  
Global Network ◽  
Global Cities ◽  
Sociological Analysis ◽  
World Cities ◽  
Global Political Economy ◽  
Corporate Power ◽  
Corporate Network

Since the 1980s two separate literatures—one focused on global cities, the other on transnational corporate interlocking—have explored issues of hierarchy and networking within the global political economy. I present an analysis of how major cities and interlocking corporate directorates are articulated together into a global network. Findings indicate that the network is concentrated in the main world cities in a way that reinforces the northern transatlantic economic system. However, the structure of the network is more nationally focused, and more complex, than that predicted by global cities theorizations. To account for the structure, I present a multifactoral framework featuring sociohistorical processes as well as spatiotemporal constraints. In conclusion, I explore implications for sociological analysis of a ‘new network bourgeoisie’, invested with several kinds of corporate power and exercising agency both within and beyond the boardrooms of the world's major corporations.

The political economy of currency internationalisation: the case of the RMB

2017 ◽  
Vol 43 (4) ◽  
pp. 765-787 ◽  
Author(s):  
Randall Germain ◽  
Herman Mark Schwartz
Keyword(s):  
Political Economy ◽  
Global Economy ◽  
Adjustment Costs ◽  
Critical Element ◽  
International Currency ◽  
Political Consequences ◽  
Trade Offs ◽  
Rise Of China ◽  
External Conditions ◽  
The Rise Of China

AbstractThe rise of China has sparked a debate about the economic and political consequences for the global economy of the internationalisation of the renminbi. We argue that the dominant focus of this literature – primarily the external conditions and requirements for a national currency to become an international currency – misspecifies the connections between the international and domestic requirements for currency internationalisation, as well as the potential to become the dominant international reserve currency. We correct this oversight by developing an integrated theoretical framework that highlights the domestic adjustment costs which a state must accommodate before its currency can carry the weight of internationalisation. These costs constitute a critical element of an international currency’s ‘political economy’, and they force states to negotiate contentious social trade-offs among competing domestic claims on finite public resources in a sustainable manner. Our analysis suggests that the likelihood of China being able to successfully negotiate the social costs associated with running a fully internationalised currency is currently very low, precisely because this will place unacceptable pressure on groups benefiting from the economic and political status quo. This further suggests that the American dollar will remain unchallenged as the global economy’s pre-eminent international currency for the foreseeable future.

COVID-19 and the International Political Economy of Risk and Resilience

2021 ◽  
Vol 2 (1) ◽  
Author(s):  
Nick Bernards
Keyword(s):  
Political Economy ◽  
International Political Economy ◽  
Control Measures ◽  
Health Costs ◽  
Risk And Resilience ◽  
Economic Costs ◽  
Global Political Economy ◽  
The Public ◽  
And Control ◽  
Development Agendas

This forum contribution highlights the confluence of two distinct trends in the COVID-19 pandemic and its aftermath. On one hand, many of the worst socio-economic costs of the virus and control measures have been disproportionately borne by marginalized workers, primarily in the global south. Often these impacts have not overlapped with the public health costs of the virus itself. In this sense the pandemic has highlighted the ways that risks in the global political economy are unevenly and systematically distributed. On the other, early indications are that highly individualized notions of ‘risk management’ and ‘resilience’ will be central to post-crisis global development agendas. At the same time as the COVID-19 pandemic has made the systemic and unequal nature of risks in the global political economy visible, then, many of the most marginalized segments of the world’s population are being asked to take responsibility for managing those risks.

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