Susan Strange—A Critical Appreciation
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Susan Strange and the Future of Global Political Economy
The State of Copyright Asymmetric Crisis in Europe and Susan Strange and the Future The Complex Relationships of Possible Futures Cultural Creation in a Globalized Critical Political Economy and of Global Political Economy World Post-Keynesian Perspectives Debora J Halbert Edited by Johanne5 Jfiger and Power, control and transformation Elisabeth Springier Transnational Financial Regulation after the Crisis Hybrid Rule and State Formation Edited by Tony Porter Public-Pri\ ate Power in the 21st Century Edited by Shelley L. Hurt and The Political Economy of Global Ronnie D. Lipschut::: Capitalism and Crisis Edited by Randall Germain Bill Dunn Global Economic Gowrnance and the Dewlopment Practices of the Global Capitalism l\Iultilateral Dewlopment Banks Selected Essays Edited b1· Susan Park and Jonathan R. Hugo Radice Strand Debtfare States and the Poverty Ethics and Economic Gowrnance Industry Using Adam Smith to Understand the Jvlone.y. Discipline and the Surplus Global Financial Crisis Chris Clarke Susan Strange and the Future of Currency Challenge Global Political Economy The Euro. the Dollar and the Global PO\Yer. Control and Transformation Financial Crisis Randall Germain Miguel Otero-Iglesias Culture, Political Economy and Fringe Finance Civilization in a Multipolar \Vorld Crossing and Contesting the Borders Order of Global Capital The Case of Russia Rob Aitken Rcn Sih·ius ~~ ~~o~~!:n~R~up LONDON AND NEW YORK 7 Money, power, authority Benjanzin J Cohen Introduction The financial crisis that engulfed the world economy in 2008 would not have surprised Susan Strange. Indeed, some would say that she predicted it in her last publications prior to her untimely death in 1998. -
The Consequences of Liberalisation and the Financial Crisis
Markets over welfare: the consequences of liberalisation and the financial crisis Gérard Mathias Nicholas Thomas Submitted in partial fulfilment of the requirements for the degree of Doctor of Philosophy School of Geography Politics and Sociology April 2015 Abstract This thesis considers the 2007/2008 financial crisis as the cause and the catalyst for the establishment of the Eurozone response and the establishment of the European Financial Stability Facility, the European Stability Mechanism, and the expansion of the stability framework in which these operate. The thesis further considers the actions of Germany and France as the main contributors to the establishment of the rescue plan for the Euro. What are the implications of global change for European welfare states in the context of global and Euro Zone crisis? The German and French actions will be considered within a national framework shaping the EU’s institutional processes. Germany and France have the ability to shape the state’s understanding of its role within political economy and its responsibility to care for the welfare of its population. These issues are investigated using a most similar case study approach. This approach will be complemented by Susan Strange’s theory of structural power applied to Germany and France. This thesis will focus on Germany and France because of their status as Europe’s two largest economies and motors of the European integration process. The analysis includes quantitative and qualitative data, which are used to investigate the change in the national conception of the role of the state within the economy and its requirement to provide welfare to its people. -
US and the Global Financial Crisis of 2008 Eric Helleiner University of Wate
Still an Extraordinary Power After All These Years: US and the Global Financial Crisis of 2008 Eric Helleiner University of Waterloo June 2014 Acknowledgements: I am grateful for comments from Randy Germain and Herman Schwartz. Parts of this paper are drawn from Helleiner 2014. I am grateful to the Social Sciences and Humanities Research Council of Canada for helping to fund this research. Susan Strange is well known for her interventions into discussions about the trajectory of US hegemony. At a time when scholars fiercely debated the consequences of declining US hegemony, she questioned the underlying assumption being made. Scholars across the theoretical spectrum, she argued, failed to recognize the enduring nature of the US power, particularly in its structural form. She argued that scholars of international political economy often neglected the significance of structural power which she defined as “the power to shape and determine the structures of the global political economy within which other states, their political institutions, their economic enterprises, and (not least) their scientists and other professional people have to operate.”1 Strange was particularly keen to highlight the importance of enduring US structural power in the global financial arena where she argued that outcomes continued to be influenced by the unmatched ability of the US to control and shape the environment within which others operated.2 Strange’s concept of structural power has been sometimes criticized for its lack of precision.3 How is structural power exercised and over whom? What are its sources? What can it accomplish? These kinds of analytical questions were not always addressed in great detail in Strange’s writings. -
Global Political Economy and Interaction Between Business and Politics
National Research University - Higher School of Economics Faculty of World Economy and International Affairs Course Syllabus and Description Global Political Economy and Interaction between Business and Politics Master of International Business Program 38.04.02 Management Author: Maxim Bratersky The Program cannot be used by other departments of the University and other universities without prior permission from the Program authors’ department. Moscow 2018-2019 1 Global Political Economy and Interaction between Business and Politics COURSE DESCRIPTION Pre-requisites: World Economy International Relations International Business Research Only for Master Degree students Course type: elective Abstract: After several years of having international security dominating the political discourse, international political economy has returned with vengeance. This course will introduce students to the broad questions motivating the academic field of international political economy: Whose interests are served by the liberalization of trade and finance? What impact can multilateral organizations like the World Bank, International Monetary Fund and World Trade Organization have on the economic policies of member states and the functioning of the global economy? What determines the policies or rules promoted by these organizations? What motivates foreign aid policies? What is “globalization”? How can we assess its impacts on different countries and populations? LEARNING OBJECTIVES The course is designed to: (1) provide a general introduction to central issues treated by IPE, (2) survey existing interpretations of social, political and economic developments in the world with a focus on Russia’s interests and participation, and (3) examine these developments within the framework of the contemporary literature in international political economy. Students will be required to understand and analyze the academic literature, and then apply academic insights to some of the most pressing policy debates. -
World Politics and International Political Economy
National Research University - Course syllabus and Description World Politics and International Political Economy For MA Program in International Relations Prof. M. Bratersky Moscow 2016 1 IPE in the Modern World After several years of having international security dominate the political discourse, international political economy has returned with a vengeance. This course will introduce students to the broad questions motivating the academic field of international political economy: Whose interests are served by the liberalization of trade and finance? What impact can multilateral organizations like the World Bank, International Monetary Fund and World Trade Organization have on the economic policies of member states and the functioning of the global economy? What determines the policies or rules promoted by these organizations? What motivates foreign aid policies? What is “globalization”? How can we assess its impacts on different countries and populations? How international environment of GPE shapes policies and reactions of international companies? The course is designed to: (1) provide a general introduction to central issues treated by GPE, (2) survey existing interpretations of social, political and economic developments in the world with a focus on Russia’s interests and participation, and (3) examine these developments within the framework of the contemporary literature in international political economy. Students will be required to understand and analyze the academic literature, and then apply academic insights to some of the -
271 Sorensen
Copyright © British International Studies Association 1998 IR theory after the Cold War GEORG SØRENSEN The end of the Cold War has prompted a good deal of soul-searching in the academic discipline of International Relations (IR).* Some results of this process are already apparent; the dominant version of realism, neorealism, is developing in new directions in an attempt to address major areas where the theory has been shown to contain weaknesses (e.g. domestic politics, international cooperation, the analysis of change).1 Liberal IR-theory is becoming less focused on international institutions and has devoted more attention to the larger issues of democracy and democratization, sovereignty, and change in the context of modernization and globalization.2 Some bodies of established theory are receiving fresh attention, including the International Society (or English) School,3 and there is a renewed interest in the field of international political economy.4 Yet all these theoretical traditions (realism, liberalism, International Society, international political economy) can be seen as enduring perspectives in IR; they build on a long intellectual tradition concerning problems of relations between * Many thanks to Kenneth Glarbo, Knud Erik Jørgensen, Michael Nicholson, Steve Smith, and Alexander Wendt for very helpful comments on earlier drafts. 1 See, for example, Joseph M. Grieco, ‘Realist International Theory and the Study of World Politics’, in M.W. Doyle and G.J. Ikenberry (eds.), New Thinking in International Relations Theory (Boulder, 1997), pp. 163–202; Michael E. Brown et al. (eds.), The Perils of Anarchy. Contemporary Realism and International Security (Cambridge, MA, 1995); John A. Vasquez, ‘The Realist Paradigm and Degenerative versus Progressive Research Programs: An Appraisal of Neotraditional Research on Waltz’s Balancing Proposition’, and the responses by Kenneth Waltz, Thomas Christensen, and Jack Snyder, Colin and Miriam Fendius Elman, Randall Schweller and Stephen Walt, American Political Science Review, 4 (1997), pp. -
The Theory of the Firm and the Theory of the International Economic Organization: Toward Comparative Institutional Analysis Joel P
Northwestern Journal of International Law & Business Volume 17 Issue 1 Winter Winter 1997 The Theory of the Firm and the Theory of the International Economic Organization: Toward Comparative Institutional Analysis Joel P. Trachtman Follow this and additional works at: http://scholarlycommons.law.northwestern.edu/njilb Part of the International Trade Commons Recommended Citation Joel P. Trachtman, The Theory of the Firm and the Theory of the International Economic Organization: Toward Comparative Institutional Analysis, 17 Nw. J. Int'l L. & Bus. 470 (1996-1997) This Symposium is brought to you for free and open access by Northwestern University School of Law Scholarly Commons. It has been accepted for inclusion in Northwestern Journal of International Law & Business by an authorized administrator of Northwestern University School of Law Scholarly Commons. The Theory of the Firm and the Theory of the International Economic Organization: Toward Comparative Institutional Analysis Joel P. Trachtman* Without a theory they had nothing to pass on except a mass of descriptive material waiting for a theory, or a fire. 1 While the kind of close comparative institutional analysis which Coase called for in The Nature of the Firm was once completely outside the universe of mainstream econo- mists, and remains still a foreign, if potentially productive enterrise for many, close com- parative analysis of institutions is home turf for law professors. Hierarchical arrangements are being examined by economic theorists studying the or- ganization of firms, but for less cosmic purposes than would be served3 by political and economic organization of the production of international public goods. I. INTRODUCrION: THE PROBLEM Debates regarding the competences and governance of interna- tional economic organizations such as the World Trade Organization * Associate Professor of International Law, The Fletcher School of Law and Diplomacy, Tufts University. -
Darkness and Light in a Global Political Economy
New Political Economy ISSN: (Print) (Online) Journal homepage: https://www.tandfonline.com/loi/cnpe20 Darkness and Light in a Global Political Economy Louis W. Pauly To cite this article: Louis W. Pauly (2020): Darkness and Light in a Global Political Economy, New Political Economy, DOI: 10.1080/13563467.2020.1841136 To link to this article: https://doi.org/10.1080/13563467.2020.1841136 Published online: 24 Nov 2020. Submit your article to this journal Article views: 117 View related articles View Crossmark data Full Terms & Conditions of access and use can be found at https://www.tandfonline.com/action/journalInformation?journalCode=cnpe20 NEW POLITICAL ECONOMY https://doi.org/10.1080/13563467.2020.1841136 Darkness and Light in a Global Political Economy Louis W. Pauly Department of Political Science and Munk School of Global Affairs and Public Policy, University of Toronto, Toronto, Canada ABSTRACT KEYWORDS If we make reasonable guesses about where blind spots might exist in IPE, international political we might be able to shine a little light in their direction. A disciplinary blind economy; global spot is suggested whenever our innate scholarly skepticism gives way to governance; assertions of certainty. A conceptual blind spot seems indicated whenever intergovernmentalism; global authority; federalism we take the idea of political ‘structure’ to be more than a metaphor for the status quo and its impermanent routines. An empirical blind spot is to be suspected when the ideology of intergovernmentalism encourages us to exaggerate the limiting effect of organisational innovations in the mid- 1940s, to avert our gaze from complex and ambiguous developments eight decades later, and to discount the probability of fundamental transformation in global governing practices over time. -
"What Theory? the Theory in Mad Money" Susan Strange
"What Theory? The Theory in Mad Money" Susan Strange CSGR Working Paper No. 18/98 December 1998 Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick, Coventry CV4 7AL, United-Kingdom. URL: http://www.warwick.ac.uk/fac/soc/CSGR What Theory? The Theory in Mad Money Susan Strange* University of Warwick, CSGR and International Political Economy Department, CSGR Working Paper No. 18/98 December 1998 Abstract: Mad Money (Manchester University Press, 1998) is the completely rewritten and updated version of Casino Capitalism (Blackwells, 1986). It has been suggested--of both volumes--that there was no theory underlying Strange's discussion of the international financial system in them. This she argues in this Working Paper is emphatically not the case, Both volumes always implicitly, and often explicitly, are underpinned by the dominant themes that are reflected in Strange's work since the publication of 'International Relations and International Economics: A Case of Mutual Neglect', International Affairs, 46 (2) 1970. These themes are threefold: Firstly a need to privilege the politics of the international financial system in the study of international relations; a discipline too long myopic in its focus on violent conflict and war between states at the expense of all else. (ii) A need to go beyond liberal political and economic theory and recognise the significance of 'structural power' in the international system. (iii) A need to recognise that 'the areas of significant ignorance' in our understanding of the role of the international financial system in an era of technological revolution and globalisation are becoming greater rather than smaller. -
The Psychodynamics of Casino Culture and Politics’
‘The Psychodynamics of Casino Culture and Politics’ (copy before final proof corrections) The Journal of Psychosocial Studies (Policy Press) Casino culture and its politics: A psycho-cultural approach This article brings together object relations psychoanalysis, cultural and political studies to examine the psychodynamics of casino culture and its politics. Over the past twenty years, the term, ‘casino culture’, has been used as a metaphor to convey the widespread experience of uncertainty and risk that permeates different aspects of social and cultural life in the late twentieth and twenty first centuries. Some of this work draws on Beck’s (1992) well-known thesis on ‘risk society’ (Reiner, Livingstone and Allen, 2001) whilst others (Giroux, 2010) apply Susan Strange’s (1997) analysis of ‘casino capitalism’ to analyse the instabilities of late capitalism and its influence on US culture and society. The negative aspects of casino culture have been discussed widely by cultural (Goodman, 2009) and scholars (Giroux, 2014; Reiner, 2012), who say that against a socio- political backdrop of uncertainty and risk, the values and practices of the casino as well as the emotional highs and lows associated with gambling, have become a way of life. As a so- called leisure activity, most gambling now takes place online, thereby reflecting a shift in the nature of our relationship to it, and also the ludic qualities associated with it. Whereas the practice of gambling once took place in gambling houses such as a casino, the risk of the casino has now broadened to occupy a cultural and mental space rather than a place, as the ethos of the casino is now widely embedded in different aspects of everyday life - from 1 betting on the lottery - to voting for a populist politician who may or may not deliver on his or promise to make your country ‘great again’.1 This article links the notion of casino culture as a psychosocial and cultural formation to the emergence of what I call ‘casino politics’ where the dynamics of risk, illusion and speculation are widespread. -
Fifty Key Thinkers in International Relations
FIFTY KEY THINKERS IN INTERNATIONAL RELATIONS Here in one handy volume is a unique and comprehensive overview of the key thinkers in international relations in the twentieth century. From influential statesmen such as Lenin and Kissinger, to emerging thinkers of hitherto marginalised areas of concern, including feminism, historical sociology and the study of nationalism, the book describes the main elements of each thinker’s contribution to the study of international relations. Information, where appropriate, is supplied on the individual thinker’s life and career, and signposts to further reading and critical analysis are also provided. Martin Griffiths is a senior lecturer in the School of Political and International Studies at the Flinders University of South Australia. Previous works include Realism, Idealism and International Politics (Routledge, 1992). FIFTY KEY THINKERS IN INTERNATIONAL RELATIONS Martin Griffiths London and New York First published 1999 by Routledge 11 New Fetter Lane, London EC4P 4EE Simultaneously published in the USA and Canada by Routledge 29 West 35th Street, New York, NY 10001 This edition published in the Taylor & Francis e-Library, 2001. © 1999 Martin Griffiths The right of Martin Griffiths to be identified as the Author of this Work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988 All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including -
WEB IR College
Teaching International Relations • Introduction to IR/World Politics • Peace/Conflict Studies • IR Theory • Development Assistance • International Political Economy • Human Rights • International Organizations/ • Migration UN/International Law • US Foreign Policy • Diplomacy lynne rienner publishers CELEBRATING 25 YEARS OF INDEPENDENT PUBLISHING NEW—7TH EDITION! Lynne Rienner Publishers PRAISE FOR THE PREVIOUS EDITIONS: “Clearly conceived, written with verve and moral commitment, The World Since it should be welcomed by student readers.” —WORLD HISTORY BULLETIN Examination Copies CONTENTS 1945: A History We will be glad to send you paperback examina- General Interest . 1–5 McWilliams and Piotrowski provide a thoughtful and tion copies (limit 3 per course) for $7.50 each integrated“ appreciation of a huge topic and have produced Diplomacy. 6–7 of International including postage. Please submit your request on a book that deserves a wide readership.” department letterhead and include the name and International —AUSTRALIA AND WORLD AFFAIRS number of the course, its anticipated enrollment, Political Economy. 8–14 Relations and when it will be offered. Payment must be enclosed. International Law/International Organizations . 9, 15–22 “Exceedingly effective.... [The authors •The Cold War Institutionalized. Looking for a specific book? Peace/Conflict Studies . 22–35 provide] a coherent summary of interna- •The Cold War in Asia: A Change of Venue. Wayne C. McWilliams tional history during the Cold War and Can’t find it in this catalog? To make space •Confrontation and Coexistence. Development Aid . 29, 36–37 beyond. —JOURNAL OF WORLD HISTORY and Harry Piotrowski for our ever-growing list of new books, we had ” NATIONALISM AND THE ENDOFCOLONIALISM. ?? to leave out some of your old favorites.