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Routledge Handbook of International Political Economy (IPE) Routledge Handbook of International Political Economy (IPE) This handbook gives an overview of the range and scope of International Political Economy (IPE) scholarship by mapping the different regional schools of IPE and noting the distinctive way IPE is practiced and conceptualized around the world. It is intended to serve as a critical survey of, not just the field of IPE in terms of its theories and results, but of those claims about the field made by IPE scholars themselves. Providing a clear and coherent structure, the book is split into four parts: & Part I: North American IPE & Part II: British IPE & Part III: IPE in Asia & Part IV: IPE elsewhere—exemptions, exclusions, and extensions These sections map out the contending approaches and key concerns that exist within each regional school and include chapters tackling key areas of IPE scholarship such as trade and development, finance, and global governance/globalization. Each chapter is an attempt to understand IPE by seeing how differently placed IPE scholars, by virtue of geography, intellectual history, personal training, and socialization, talk about the IPE and think about their subject. With over twenty contributors from a wide range of countries, the Routledge Handbook of International Political Economy is an essential resource for all those with an interest in this complex and rapidly evolving field of study. Mark Blyth is Associate Professor of Political Science at Johns Hopkins University. Routledge Handbook of International Political Economy (IPE) IPE as a global conversation Edited by Mark Blyth First published 2009 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN Simultaneously published in the USA and Canada by Routledge 270 Madison Avenue, New York, NY 10016 Routledge is an imprint of the Taylor & Francis Group, an informa business This edition published in the Taylor & Francis e-Library, 2009. To purchase your own copy of this or any of Taylor & Francis or Routledge’s collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk. © 2009 Mark Blyth for selection and editorial matter; individual chapters, the contributors. All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data Routledge handbook of international political economy (IPE) : IPE as a global conversation / edited by Mark Blyth. p. cm. International economic relations. 2. Economics. I. Blyth, Mark, 1967– HF1359.R69 2009 337–dc22 2008036955 ISBN 0-203-88156-7 Master e-book ISBN ISBN 978-0-415-77126-9 (hbk) ISBN 978-0-203-88156-9 (ebk) Contents List of tables vii List of contributors viii Acknowledgments x Introduction: IPE as a global conversation 1 Mark Blyth Part I: North American IPE 21 1 The multiple traditions of American IPE 23 Benjamin J. Cohen 2 Realist political economy: traditional themes and contemporary challenges 36 Jonathan Kirshner 3 Contested contracts: rationalist theories of institutions in American IPE 48 Alexander Cooley 4 Constructivism as an approach to international political economy 62 Rawi Abdelal 5 Of margins, traditions, and engagements: a brief disciplinary history of IPE in Canada 77 Randall Germain Part II: British IPE 93 6 Lineages of a British international political economy 95 Ben Clift and Ben Rosamond v CONTENTS 7 Empiricism and objectivity: reflexive theory construction in a complex world 112 Angus Cameron and Ronen Palan 8 Power-knowledge estranged: from Susan Strange to poststructuralism in British IPE 126 Paul Langley 9 Bridging the transatlantic divide? Toward a structurational approach to international political economy 140 Philip G. Cerny Part III: IPE in Asia 161 10 Reading Hobbes in Beijing: great power politics and the challenge of the peaceful ascent 163 Giovanni Arrighi 11 States and markets, states versus markets: the developmental state debate as the distinctive East Asian contribution to international political economy 180 Walden Bello 12 The rise of East Asia: an emerging challenge to the study of international political economy 201 Henry Wai-Chung Yeung 13 Neither Asia nor America: IPE in Australia 216 J. C. Sharman Part IV: IPE elsewhere—exemptions, exclusions, and extensions 229 14 Why IPE is underdeveloped in continental Europe: a case study of France 231 Nicolas Jabko 15 Why did the Latin American critical tradition in the social sciences become practically extinct? 243 José Gabriel Palma 16 What do sociologists bring to international political economy? 266 John L. Campbell 17 Economic history and the international political economy 280 Michael J. Oliver 18 Everyday international political economy 290 John M. Hobson and Leonard Seabrooke Bibliography 307 Index 355 vi Tables 6.1 Externalist drivers of IPE research focus 102 9 1 Structuration processes 144 18.1 Juxtaposing regulatory and everyday IPE 291 18.2 Juxtaposing types of change in regulatory and everyday IPE 301 vii Contributors Rawi Abdelal is the Joseph C. Wilson Professor of Business Administration at the Harvard Business School, USA. Giovanni Arrighi is Professor of Sociology at the Johns Hopkins University, USA. Walden Bello is senior analyst at Focus on the Global South, President of the Freedom from Debt Coalition, a fellow of the Transnational Institute, and Professor of Sociology at the University of the Philippines, Diliman. Angus Cameron is a Lecturer in Human Geography at the University of Leicester, UK. John L. Campbell is the Class of 1925 Professor of Sociology at Dartmouth College, USA and Professor of Political Economy, Copenhagen Business School, Denmark. Philip G. Cerny is Professor of Global Political Economy in the Division of Global Affairs and the Department of Political Science at Rutgers University-Newark, USA. Ben Clift is Senior Lecturer in International Political Economy in the Department of Politics and International Studies at the University of Warwick, UK. Benjamin J. Cohen is the Louis G. Lancaster Professor of International Political Economy in the Department of Political Science at the University of California, Santa Barbara, USA. Alexander Cooley is Associate Professor in the Department of Political Science at Barnard College, Columbia University, USA. Randall Germain is Professor of Political Science at Carleton University, Canada. viii CONTRIBUTORS John M. Hobson is Professor of Politics and International Relations at Sheffield University, UK. Nicolas Jabko is Research Director at SciencePo, France. Jonathan Kirshner is Professor of Government at Cornell University, USA. Paul Langley is Senior Lecturer in International Politics at Northumbria University, UK. Michael J. Oliver is Professor of Economics at the ESC Rennes School of Business, France. Ronen Palan is Professor of International Political Economy at the University of Birmingham, UK. José Gabriel Palma is Senior Lecturer in Economics at the University of Cambridge, UK. Ben Rosamond is Professor of Politics and International Studies at the University of Warwick, UK. Leonard Seabrooke is Professor in International Political Economy in the Department of Politics and International Studies, and Director of the Centre for the Study of Globalisation and Regionalisation, at the University of Warwick, UK. J. C. Sharman is Associate Professor in the Centre for Governance and Public Policy and Queen Elizabeth II Fellow at Griffith University, Australia. Henry Wai-Chung Yeung is Professor of Geography at the National University of Singapore, Singapore. ix Acknowledgments I never thought I would edit a textbook, and I am glad that I still haven’t. Taking Craig Fowlie’s idea of doing an IPE textbook and turning it into something completely dif- ferent; a global tour of IPE has, like most global tours, been both taxing and exciting. It has also been a long time coming. In that regard I would like to thank all the con- tributors to this volume not only for their copy, but for their patience. The result of this collective endeavor is a volume that I hope will serve as a useful orienting point of reference for the field for some time to come. Needless to say some readers will object that certain positions and perspectives are missed out. I can only say in my defense that many more people were asked to contribute than actually did, so if something isn’t here and you think that it should be, I can tell you who to blame. In the meantime, I hope that you enjoy the conversation. Mark Blyth Baltimore, August 2008 Introduction International political economy as a global conversation Mark Blyth Introduction What you hold in your hands is not a textbook. Or, at the very least, it’s a rather unusual textbook. Most textbooks start off with a declarative. That such-and-such field of study is defined by parameters A and B, which is in turn best studied by methods P and Q. In this way boundaries are set, and what is “in” and what is “out” of the field of study in question, in terms of theories, topics, etc., is established. International Political Economy (IPE) textbooks have from the field’s inception attempted to do something similar; to define what IPE is and hence how it should be studied. For example, in many ways the original textbook of IPE, at least in the United States, was Robert Gilpin’s magisterial The Political Economy of International Relations (1987). In this work Gilpin defines IPE as “a set of questions to be examined by means of an eclectic mixture of analytic methods and theoretical perspectives” (1987: 9). Thirteen years later Jeffrey Frieden and David Lake (eds.), in their International Political Economy: Perspectives on Global Power and Wealth (2000: 1); define IPE as “the interplay of economics and politics in the world arena.” However, these seemingly quite open statements of intent belie what became a rather uniform way of answering these questions.
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