Political Economy And The Changing Global Order

'How will global order unfold as we move into the next millennium?' With this basic question as a starting point, leading scholars in politics, economics, and international relations from ten different countries have written 33 chapters specially commissioned for this new second edition, which also includes introductory essays by the editors. Rapid change has become the norm in the international political economy. The relatively strong and surprisingly sustained performance of the NorthAmerican economies, the growing economic integration of the European Union, and the economic crises in Asia and Russia all attest to the increasing pace and apparent unpredictability of changes to the global economy. Political Economy and the Changing Global Order provides an authoritative introduction to these changes and to the theory and changing practice of international economic relations as the world enters the new millennium. The book ranges widely, covering developments at global, regional, and national levels, key issues and trends, and the changing policies of major state actors, as well as presenting a broad spectrum of theoretical perspectives. Particular emphasis is given to the role of the state in the international political economy, the increasing importance of non-state actors, and the growing influence of both public and private forms of transnational governance.

Covering the basics necessary for a course in international political economy (IPE), this text comes from a non-American, critical perspective and the contributors are drawn from prominent scholars of IPE around the world.

This volume offers a comprehensive evaluation of the concept of global order, with a particular emphasis on the role of regional organisations within global governance institutions such as the United Nations. Building from a solid theoretical base it draws upon the expertise of numerous leading international scholars offering a broad array of timely and relevant case studies. These all take into consideration the historical setting, before analysing the contemporary situation and offering suggestions for potential realignments and readjustments that may be witnessed in the future. The volume adopts an interdisciplinary approach when addressing some of the most pressing issues of global governance which our global community must tackle. This presents the readers an opportunity to understand related topics such as political economy, international law, institutions of global governance, in conjunction with the academic field of International Relations (IR). It further helps students and interested readers understand the theoretical and practical foundations to the changing nature of global affairs.

Introduces the classic and contemporary ideologies of international political economy and the ways that they affect the behavior of states and markets.

Globalization and technology are combining to change socio-economic relationships. The pace of change and uncertainty of the world of work – no job for life, zero-hours contracts, diminished pension rights and a growing delivery dependence on digital networks over human contact – are creating a profound unease that may be unprecedented in the Western world. If organizational patterns are not sufficiently adjusted and businesses continue as usual, we run the risk of alienating entire groups within society with many feeling ‘left behind’. Using deliberately accessible language for students and the general reader, the authors draw upon socially innovative models of economic organization from the nineteenth century to present a model to master this new economy for the common good. The book illustrates, with practical examples, how digital networks can be leveraged and provides a common checklist to identify suitable conditions for organizations to flourish and provide the means to more effectively evaluate opportunities.

This book is the eagerly awaited successor to Robert Gilpin's 1987 The Political Economy of International Relations, the classic statement of the field of international political economy that continues to command the attention of students, researchers, and policymakers. The world economy and political system have changed dramatically since the 1987 book was published. The end of the Cold War has unleashed new economic and political forces, and new regionalisms have emerged. Computing power is increasingly an impetus to the world economy, and technological developments have changed and are changing almost every aspect of contemporary economic affairs. Gilpin's Global Political Economy considers each of these developments. Reflecting a lifetime of scholarship, it offers a masterful survey of the approaches that have been used to understand international economic relations and the problems faced in the new economy. Gilpin focuses on the powerful economic, political, and technological forces that have transformed the world. He gives particular attention to economic globalization, its real and alleged implications for economic affairs, and the degree to which its nature, extent, and significance have been exaggerated and misunderstood. Moreover, he demonstrates that national policies and domestic economies remain the most critical determinants of economic affairs. The book also stresses the importance of economic regionalism, multinational corporations, and financial upheavals. Gilpin integrates economic and political analysis in his discussion of "global political economy." He employs the conventional theory of international trade, insights from the theory of industrial organization, and endogenous growth theory. In addition, ideas from political science, history, and other disciplines are employed to enrich understanding of the new international economic order. This wide-ranging book is destined to become a landmark in the field.