This reader is a collection of primary readings that introduces students to international political economy (IPE), an area of study concerned with the relationship between the two dominant forms of social organization in the modern world: 'the state' and 'the market'. Divided into five parts
ranging from Adam Smith's theory of the invisible hand to recent discussions of hemispheric integration, it contains thirty-five unabridged selections that highlight the historical development, major theoretical debates, and practical issues within IPE. Each section opens with a concise introduction
that presents key concepts and concludes with study questions and annotated suggestions for further reading.
Acknowledgments
Biographical Note
Main Introduction
Part I - The Dominant Theories of IPE
1. Liberalism
Adam Smith: An Inquiry into the Nature and the Causes of the Wealth of Nations: Of the Division of Labour, Of the Principle Which Gives Occasion to the Division of
Labour, and That the Division of Labour Is Limited by the Extent of the Market
David Ricardo: The Principles of Political Economy and Taxation
John M. Keynes: The General Theory of Employment, Interest, and Money: The General Theory, The Postulates of Classical Economics, and Concluding
Notes on the Social Philosophy towards which the General Theory Might Lead
2. (Neo-)Mercantilist Reflection
Friedrich List: The National System of Political Economy: The Theory of the Powers of Production and the Theory of Values, Customs Duties as a Chief Means of Establishing and
Protecting the Internal Manufacturing Power
Klaus Knorr: The Power of Nations: The Political Economy of International Relations: The Bases of National Economic Power
Klaus Stegemann: (Policy Rivalry Among Industrial States: What Can We Learn from Models of Strategic Trade Policy?
3.
(Neo-)Marxist Reflection
Frederick Engels: Outlines of a Critique of Political Economy
Vladimir I. Lenin: Imperialism, the Highest Stage of Capitalism: Imperialism as a Special Stage of Capitalism
Immanuel M. Wallerstein: The Rise and Future Demise of the World Capitalist System:
Concepts for Comparative Analysis
4. Post-Positivist Response
Alexander Wendt: Anarchy Is What States Make of It: The Social Construction of Power Politics
V. Spike Peterson: How (the Meaning of ) Gender Matters in Political Economy
Review Questions
Further Literature
Part
II - Structures of IPE
1. The Politics of International Trade
Richard H. Steinberg: In the Shadow of Law or Power? Consensus-Based Bargaining and Outcomes in the GATT/WTO
Sol Picciotto: Private Rights vs. Public Standards in the WTO
2. The Political Economy of Money and
Finance
John B. Goodman and Louis W. Pauly: The Obsolescence of Capital Controls? Economic Management in an Age of Global Markets
Adam Harmes: Institutional Investors and Polanyi's Double Movement: A Model of Contemporary Currency Crises
3. International Production and Multinational
Corporations
Charles P. Kindleberger: American Business Abroad: Six Lectures on Direct Investment: The International Corporation
Louis W. Pauly and Simon Reich: National Structures and Multinational Corporate Behaviors: Enduring Differences in the Age of Globalization
Review
Questions
Further Literature
Part III - Economic Globalization and 'the State'
1. Globalization I - Which Role for the State?
Peter Evans: The Eclipse of the State? Reflections on Stateness in an Era of Globalization
Paul Hirst and Grahame Thompson: Globalization and the
Future of the Nation State
2. Globalization II - Toward Convergence?
Robert Boyer: The Convergence Hypothesis Revisited: Globalization but Still the Century of Nations?
Daniel W. Drezner: Globalization and Policy Convergence
Review Questions
Further Literature
Part IV -
Regional Integration: Europe and Beyond
1. Conceptualizing the Phenomenon
Raimo Väyrynen: Regionalism: Old and New
Yi Feng and Gaspare M. Genna: Regional Integration and Domestic Institutional Homogeneity: A Comparative Analysis of Regional Integration in the Americas, Pacific Asia,
and Western Europe
2. Regional Integration I - The European Union
Paul Pierson: The Path to European Integration: a Historical Institutionalist Analysis
Andrew Moravcsik: What Can We Learn from the Collapse of the European Constitutional Project?
3. Regional Integration II - Western
Hemisphere
Karl Kaltenthaler and Frank O. Mora: Explaining Latin American Economic Integration: The Case of Mercosur
Nicola Phillips: Hemispheric Integration and Subregionalism in the Americas
4. Regional Integration III - Southeast Asia
Paul Bowles: Asia's Post-Crisis Regionalism:
Bringing the State Back in, Keeping the (United) States out
Douglas Webber: Two Funerals and a Wedding? The Ups and Downs of Regionalism in East Asia and Asia Pacific after the Asian Crisis
Review Questions
Further Literature
Part V - Toward the 21st Century
1. Continuing
North-South Disparity - New Recipes?
Robert Hunter Wade: What Strategies are Viable for Developing Countries Today? The World Trade Organization and the Shrinking of 'Development Space'
Arie M. Kacowicz: Globalization, Poverty, and the North-South Divide
2. Transition Economies - From
the Outside Looking In
David Bartlett and Wendy Hunter: Market Structures, Political Institutions and Democratization: The Latin American and East European Experiences
Ralf J. Leiteritz and Lars Handrich: Post-Communist Transformation and Industrial Relations: A Fast-Track to the
'Competition State' in Eastern Europe?
3. Sustainable Development
Peter Newell and Matthew Paterson: A Climate for Business: Global Warming, the State, and Capital
Christoph Görg and Ulrich Brand: Environmental Politics and Competition between Nation-States: On the Regulation of
Biodiversity
Review Questions
Further Literature
There are no Instructor/Student Resources available at this time.
Axel Hulsemeyer is Associate Professor in the Political Science Department at Concordia University.
Political Economy and the Changing Global Order - Edited by Richard Stubbs and Geoffrey R.D. Underhill
Politics in the Developing World - Edited by Peter Burnell and Vicky Randall
Global Political Economy - Edited by John Ravenhill
The New Imperialism - David Harvey
Understanding Capitalism - Samuel Bowles, Richard Edwards and Frank Roosevelt
Making Globalization Good - Edited by John H. Dunning
Political Economy - Frank Stilwell
Regions, Globalization, and the Knowledge-Based Economy - John H. Dunning
The Federal Vision - Edited by Kalypso Nicolaidis and Robert Howse
The Political Economy of the World Trading System - Bernard M. Hoekman and Michel M. Kostecki
The Political Economy of East Asia - Iyanatul Islam and Anis Chowdhury
The Politics of the Euro-Zone - Kenneth Dyson
International Systems in World History - Barry Buzan and Richard Little
Debating Governance - Edited by Jon Pierre
