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Despite a burgeoning debate on substantive issues in IPE, little attention has been devoted to its theoretical foundations. In this important new text, Matthew Watson reviews the main current theoretical approaches to IPE and highlights the problems that arise from treating 'states' and 'markets' as separate and contesting units of analysis. Foremost among these problems is the lack of attention given to theorizing the constitution of the individual as both an economic agent and a moral being.
Political and Economic Foundations in Global Studies provides an innovative introductory examination of the global forces shaping the world today, seen through political and economic lenses. Along with its companion, Social and Cultural Foundations in Global Studies, the book exposes students to the historical contours of, and the key concepts and processes that underlie, the interconnections among individuals, societies, organizations, and governments. As in the rest of Routledge’s Global Studies series, the Foundations books employ a two-part strategy: conceptual underpinnings explored in the first part are enlivened by case studies in the second. Special features magnify the utility of the text: • Text boxes are employed to expand and emphasize specific material: they are used to open up the coverage to related topics or to call attention to especially critical material, such as historical milestones or key vocabulary. • Resource boxes offer links that point readers to sources—mostly online—on the topics discussed and establish a rich archive of additional material for readers to draw on. • At the same time, back-of-chapter References and Further Research lists help students to trace the material used by authors or to follow more general leads relating to the topics covered in the chapters. • Images highlight specific details of the case studies, helping to bring the subjects alive.
Amidst the continued debate surrounding the foundations of IPE, coupled with recent methodological and theoretical divides this book argues that an attempt should be made to re-visit the notion of the 'critical'. The challenge posed by contributors to this volume is to assess the development of so-called critical IPE and interrogate whether the theoretical foundations it was built upon have reached their potential. The essays in this volume take up this challenge in a number of different ways but all share a common concern - to re-assess the purpose of critical approaches, reflect on why certain social theorists have been favoured as a point of departure, yet others have largely been ignored. In light of recent debates on the notion of a 'trans-Atlantic divide' within IPE the collection the contributors aim demonstrates how the distinction between the 'critical' and the 'orthodox' (or 'empirical') is only significant if the 'critical' is geared towards a larger, more substantial body of critical social enquiry and engages with what it means to conduct such enquiry.
′Erudite and accessible, McCann demonstrates how the national gets reconfigured around the global without losing some of its unique features. Far from being a one-size-fits-all Anglo-American template, neoliberalism comes in many different hues and variations. This is by far the best textbook in the field and is destined to become a classic for years to come.′ Manfred B. Steger, Professor of Political Science at the University of Hawai′i-Manoa, Honolulu, Hawai’i, USA ′A sweeping examination of systems of capitalism in theory and in the world’s major industrial economies leads Leo McCann to challenge the conventional wisdom on globalization. Historical analysis of the evolution of business systems and detailed examination of present practice demonstrate persuasively that, despite facing common challenges, distinctive national differences remain salient. A must read for anyone who needs to understand how business systems operate in an increasingly interdependent world economy.′ - Dr Eileen Appelbaum, Senior Economist, Center for Economic and Policy Research, Washington, DC, USA Globalization has profound effects on national economies even as distinct national ‘models’ of capitalism remain. International and Comparative Business accessibly tracks the historical and socio-political contexts of the world’s major countries on a chapter-by-chapter basis to the present day. The book provides a comprehensive, critical, yet concise introduction to each of the economies’ key features, including macro overviews as well as organizational and workplace-level analysis. Each chapter features learning objectives, in-depth interpretation and critique of key literature, and annotated further reading to allow readers to rigorously navigate their way through the wealth of material available for each country. This text is essential reading for students and researchers in the areas of international business and cross-cultural management, comparative political economy, and history. Leo McCann is Senior Lecturer in International and Comparative Management at Manchester Business School, University of Manchester, UK
The authors have two purposes in this book, and they succeed admirably at both. They develop a general model of public policy making focused on the difficulties of securing intertemporal exchanges among politicians. They combine the tools of game theory with Williamson's transaction cost theory, North's institutional arguments, and contract theory to provide a general theory of public policy making in a comparative political economy setting. They also undertake a detailed study of Argentina, using statistical analyses on newly developed data to complement their nuanced account of institutions, rules, incentives and outcomes. Mariano Tommasi (Ph.D. in Economics, University of Chicago, 1991) is Professor of Economics at Universidad de San Andres in Argentina. He is past President (2004-2005) of the Latin American and Caribbean Economic Association. He has published articles in journals such as American Economic Review; American Journal of Political Science; American Political Science Review; Journal of Development Economic; Journal of Monetary Economics; International Economic Review; Economics and Politics; Journal of Law, Economics and Organization; Journal of Public Economic Theory; Journal of International Economics; and the Journal of Institutional and Theoretical Economics. He has held visiting positions in Economics, Business, and Political Science at Yale, Harvard, UCLA, Tel Aviv, and various Latin American universities. He has received various fellowships and awards, including a Guggenheim Fellowship in 2006. He has been an advisor to several Latin American governments and to international organizations such as the World Bank and the Inter-American Development Bank.
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.
Ideally suited to upper-undergraduate and graduate students, Analyzing the Global Political Economy critically assesses the convergence between IPE, comparative political economy, and economics. Andrew Walter and Gautam Sen show that a careful engagement with economics is essential for understanding both contemporary IPE and for analyzing the global political economy. The authors also argue that the deployment of more advanced economic theories should not detract from the continuing importance for IPE of key concepts from political science and international relations. IPE students with little or no background in economics will therefore find this book useful, and economics students interested in political economy will be alerted to the comparative strengths of political science and other social science disciplines. A concise look at the foundations of analysis in the political economy of global trade, money, finance, and investment Suitable for upper-undergraduate and graduate students with some or no economic background Techniques and findings from a range of academic disciplines, including international relations, political science, economics, sociology, and history Further reading and useful weblinks including a range of relevant data sources, listed in each chapter
What is the relationship between internal development and integration into the global economy in developing countries? How and why do state–market relations differ? And do these differences matter in the post-cold war era of global conflict and cooperation? Drawing on research in China, India, and Russia and examining sectors from textiles to telecommunications, Micro-institutional Foundations of Capitalism introduces a new theory of sectoral pathways to globalization and development. Adopting a historical approach, the book's Strategic Value Framework shows how state elites perceive the strategic value of sectors in response to internal and external pressures. Sectoral structures and organization of institutions further determine the role of the state in market coordination and property rights arrangements. The resultant dominant patterns of market governance vary by country and sector within country. These national configurations of sectoral models are the micro-institutional foundations of capitalism, which mediate globalization and development.
Examines power and hegemony in the international political economy from the perspective of the various agents who produce its systems.
Despite a burgeoning debate on substantive issues in IPE, little attention has been devoted to its theoretical foundations. In this important new text, Matthew Watson reviews the main current theoretical approaches to IPE and highlights the problems that arise from treating 'states' and 'markets' as separate and contesting units of analysis. Foremost among these problems is the lack of attention given to theorizing the constitution of the individual as both an economic agent and a moral being.