Open Economy Politics Revisited

2021 ◽  
Author(s):  
Stephanie J. Rickard
Keyword(s):  
Open Economy ◽  
International Political Economy ◽  
Economic Policies ◽  
Economic Relations ◽  
International Economic Relations ◽  
Recent Developments ◽  
Rise Of China ◽  
Emerging Issues ◽  
The Rise Of China ◽  
Political Backlash

Scholars of International Political Economy (IPE) working in the open economy politics (OEP) tradition use interests, institutions and international bargaining to explain economic policies, as well as international economic relations. A large amount of research in IPE today fits squarely within the OEP paradigm, which makes OEP itself an expedient subject for investigation. This chapter describes the OEP framework and discusses recent developments that have challenged it, including the behavioral revolution and the growing importance of economic geography. An evaluation of how the paradigm has evolved in response to these challenges is undertaken. The chapter concludes with a discussion of emerging issues that confront the OEP paradigm going forward, including the rise of China and the growing political backlash against globalization and the liberal international order.

scholarly journals W trójkącie współzależności. Relacje gospodarcze Polski z Niemcami i Chinami oraz ich znaczenie polityczne

2021 ◽  
pp. 103-120
Author(s):  
Katarzyna Golik
Keyword(s):  
International Economic ◽  
Trade Policy ◽  
Automobile Industry ◽  
Economic Policies ◽  
Medium Term ◽  
Economic Relations ◽  
Political Processes ◽  
Political Relations ◽  
International Economic Relations ◽  
Political Actions

In the following text I will analyse the selected aspects of economic relations between Poland, Germany and China. I am going to compare elements of discourse with political actions and, above all, with economic realities. Clearly in economic terms, Chinese direction is not an alternative to Germany for Poland, but it may become a necessity in terms of diversification of international economic relations. Particularly in the context of forthcoming electromobility revolution, the crisis could affect the German automobile industry, spilling over into other sectors related to Poland’s export. In the medium term, economic processes are likely to be loosely linked to political processes. Poland's interests in the international arena are more related to political integration with Germany than to a strong rapprochement with China. However, the former are unlikely to support Poland's emancipation in independent economic and trade policy. This may result in a two-pronged approach (separation of economic policies from political relations) to relations between the two countries. 

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.

International political economy: perspectives and prospects—Part II

1982 ◽  
Vol 8 (1) ◽  
pp. 39-52 ◽  
Author(s):  
R. J. Barry Jones
Keyword(s):  
International Economic ◽  
Political Economy ◽  
Critical Review ◽  
International Political Economy ◽  
Global Political Economy ◽  
Economic Relations ◽  
International Economic Relations

The study of international political economy is beset with complexity: the complexity of the empirical referent and the variety of intellectual perspectives. The complexity of contemporary international economic relations was discussed in the first of these two papers. This paper is devoted to a critical review of the major established perspectives on the global political economy and a discussion of some of the bases upon which it might be possible to construct a synthetic, and hopefully more satisfactory, approach.

A Special Session of the UN General Assembly Rethinks the Economic Rights and Duties of States

1991 ◽  
Vol 85 (1) ◽  
pp. 192-200 ◽  
Author(s):  
Russel Lawrence Barsh
Keyword(s):  
International Economic ◽  
Structural Changes ◽  
International Economic Order ◽  
General Assembly ◽  
Economic Policies ◽  
Special Session ◽  
Economic Rights ◽  
Economic Relations ◽  
International Economic Relations ◽  
First Time

A recently concluded special session of the General Assembly adopted, for the first time by consensus, a blueprint for the coordination of national and international economic policies. Carefully worded without any reference to the “New International Economic Order,” the session’s declaration nonetheless echoed the NIEO and its principal instrument, the Charter of Economic Rights and Duties of States, which provided: “States should co-operate in facilitating more rational and equitable international economic relations and in encouraging structural changes in the context of a balanced world economy in harmony with the needs and interests of all countries, especially developing countries, and should take appropriate measures to this end.”

Theorizing Collective Trauma in International Political Economy

2018 ◽  
Vol 21 (4) ◽  
pp. 549-571 ◽  
Author(s):  
Adam B Lerner
Keyword(s):  
International Economic ◽  
International Relations ◽  
International Political Economy ◽  
Economic Conditions ◽  
Collective Trauma ◽  
Economic Relations ◽  
Trust In Institutions ◽  
International Economic Relations ◽  
The Impact ◽  
Analytical Frameworks

AbstractWhile existing literature on collective trauma in international relations represents a vital (albeit inchoate) contribution to the field, to date, it has largely analyzed collective trauma’s impact as primarily psychological and sociocultural. This essay argues that a complete vision of collective trauma in IR must incorporate not only these more intangible dimensions but also how its legacy is reified materially over time in economic conditions—distinguishing the trauma of those with the resources to “work through” and those without. I begin this essay with a novel conception of collective trauma that draws upon existing traditions’ insights but also facilitates mediation between collective trauma’s material and sociocultural dimensions. Employing this definition, I then outline three analytical frameworks via which future scholarship can address collective trauma in international economic relations. First, scholarship can incorporate a notion of the trauma of poverty. Second, scholars can analyze the loss of economic opportunity that trauma entails as akin to Dominick LaCapra’s concept of structural trauma of absence. Finally, scholarship can examine collective trauma’s ability to break down trust in institutions and the impact this breakdown has on international economic relations.

South Africa’s International Trade

2021 ◽  
pp. 440-466
Author(s):  
Lawrence Edwards
Keyword(s):  
Open Economy ◽  
Global Economy ◽  
Import Substitution ◽  
Historical Context ◽  
Firm Level ◽  
Tariff Reform ◽  
Rise Of China ◽  
Tariff Liberalization ◽  
The Rise Of China ◽  
The Impact

This chapter uses South Africa’s integration in the global economy as a lens to understand the dynamics behind South Africa’s current economic performance. It first presents the historical context, commencing from the country’s position as a gold exporter pursuing an import substitution industrialization strategy, to its transition to a more open economy with the ending of sanctions and tariff liberalization from the early 1990s. The focus then shifts to a critical assessment of South Africa’s trade performance and trade policy in the post-apartheid period. This covers the impact of government policies, such as the multilateral tariff liberalization from 1994 to 2000, preferential tariff reform from 2000 and sector-driven industrial policy from 2007, as well as the dramatic changes in the global trading order—the rise of China from 2001, and the emergence of global value chains. To illustrate these relationships, the chapter draws on new insights using disaggregated product- and firm-level trade data.

The Political Economy of Peaceful Change

2020 ◽  
Author(s):  
Lars S. Skålnes
Keyword(s):  
Trade Agreements ◽  
Economic Interdependence ◽  
Economic Policies ◽  
Policy Makers ◽  
Open World ◽  
Economic Statecraft ◽  
Globalized Economy ◽  
Rise Of China ◽  
Emerging Powers ◽  
The Rise Of China

This chapter discusses the role of economic interdependence and economic statecraft in promoting peaceful change. The rise of China and other emerging powers has rekindled interest among policy makers and scholars alike in the role foreign economic policies can play as strategic instruments. Trade wars, the emerging discipline of geoeconomics, and the new interdependence approach are examples of the increased attention being paid to asymmetric interdependence and economic discrimination. The use of such instruments, however, takes place in a globalized economy that is still characterized by high levels of economic interdependence. Several aspects of the modern globalized economy tend to promote an open world economy, higher trade, and peaceful relations such as intra-industry trade and globalized value chains. Preferential trade agreements and particularly regional trade agreements have more ambiguous effects, as they tend to be discriminatory and as such have the potential to increase international tension.

Japan and Economic Regionalism in Asia

2020 ◽  
Author(s):  
Hidetaka Yoshimatsu
Keyword(s):  
The United States ◽  
Great Power ◽  
Infrastructure Investment ◽  
Economic Policies ◽  
Power Transition ◽  
Regional Institutions ◽  
Business Interests ◽  
Rise Of China ◽  
Research Questions ◽  
The Rise Of China

This chapter examines Japan’s commitments to economic regionalism to address two research questions: How has Japan committed to the development of regional institutions for managing economic affairs, and what factors have driven Japan to make commitments to economic regionalism in Asia? Japan has maintained an important status in developing regional institutions through commitments to the development of APEC, functional institutions under the ASEAN+3, and regional institutions for infrastructure investment. In such commitments, great power transition in the form of the rise of China and the waning of the United States constituted a crucial factor that encouraged Japan to adopt positive engagements. The Abe administration implemented measures for economic regionalism as responses to business interests, and dampened opposition from societal and political circles under the Kantei-centered policymaking system. Significantly, the Abe administration reformulated external economic policies by embedding them into a new diplomatic frame of proactive contribution to peace.

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