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Global Political Economy 3rd Edition,0199570817,9780199570812

Global Political Economy 3rd Edition



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Book Information

Publisher:Oxford University Press
Published In:2011
Binding Type:Paperback
Weight:3.04 lbs
Pages:pp. xxvii + 532, Figures, Tables, Graphs, Index, Glossary, References, Abbreviations, Acknowledgement

The Title "Global Political Economy 3rd Edition" is written by John Ravenhill. This book was published in the year 2011. The ISBN number 0199570817|9780199570812 is assigned to the Paperback version of this title. The book displayed here is a 3rd Edition edition. This book has total of pp. xxvii + 532 (Pages). The publisher of this title is Oxford University Press. We have about 91539 other great books from this publisher. Global Political Economy 3rd Edition is currently Not Available with us.You can enquire about this book and we will let you know the availability.

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About the Book

Combining History and theoretical approaches with contemporary issues and debates, Global Political economy provides an authoritative introduction to this important subject. In this fully updated third edition, expert contributors offer a diverse range of perspectives, as well as engaging commentary on recent developments, including the global financial crisis. With numerous learning features throughout the text and an accompanying Online Resource Centre, this is the ideal Book for students looking to discover the relevance of global political economy within international relations.

With extensive revisions to take account of recent events, the third edition of this valuable text remains the most up-to-date introduction to the field of global political economy available anywhere. This is a must-read for scholars and students alike.

About the Author

John Raven Ravenhill. is Professor of International Relations at the Australian National University


Crisis Management xtbook Features
Guided Tour of the Online Resource Centre

I. The Study of Global Political Economy/John Ravenhill :
1. Prologue : The Great Recession of 2008-9
2. The World Economy Pre-1914
3. The World Economy in the Inter-War Period
4. The World Economy Post-1945
5. The Study of Global Political Economy

II. The Historical Roots of Theoretical Traditions in Global Political Economy/Matthew Watson :
1. Why Realist IPE and Nationalist Political Economy are not Necessarily the Same Thing
2. Why the IPE Textbook Account of Smithian Economic Liberalism is Usually Wrong
3. Why the Historical Roots of Marxist IPE are Closer to Liberalism than is Commonly Assumed
4. Methodological Distinctions to Sub-Divide the Field
5. Disciplinary Distinctions to Sub-Divide the Field

III. Collaboration and Co-Ordination in the Global Political Economy/Vinod K Aggarwal & Cedric Dupont :
1. Globalization and the Need for International Co-Operation
2. International Co-Operation : A Strategic Interdependence Approach
3. International Co-Operation : A Variety of Solutions
4. The Formation and Evolution of Institutions

IV. The Domestic Sources of Foreign Economic Policies/Michael J Hiscox :
1. Policy Preferences
2. Institutions
3. Conclusions, Extensions, and Complications
Appendix 4.1

5. The Evolution of the Global Trade Regime/Gilbert R Winham :
2. Historical Antecedents : 1860 to 1945
3. The ITO and the GATT : 1947 to 1948
4. Multilateral Trade Negotiations : 1950s to 1980s
5. The Uruguay Round and the WTO : 1986 to 1994
6. The WTO in Action : 1995 and Beyond

VI. Regional Trade Agreements/John Ravenhill :
1. Why Regionalism?
2. The Rush to Regionalism
3. The Political Economy of Regionalism
4. The Economic Consequences of Regional Integration
5. Regionalism and the WTO : Stepping Stone or Stumbling Block?

Part C : GLOBAL Finance :
VII. The Evolution of the International Monetary and Financial System/Eric Helleiner :
2. The Fate of a Previous Globally Integrated Financial and Monetary Order
3. The Bretton Woods Order
4. The Globalization of Financial Markets
5. The Collapse of the Gold Exchange Standard and the Future of the Dollar
6. From Adjustable Pegs to Floating Exchange Rates

VIII. The Political Economy of Global Financial Crises/Louis W Pauly :
1. National Politics and International Markets
2. The Nature and Variety of International Financial Crises
3. The Changing Global Context
4. Crisis Prevention
5. Crisis Management and Resolution
6. A New Global Architecture?

IX. The Logics of Economic Globalization/Anthony McGrew :
1. A Global Economy? 'Embedded Globalization' and the Rescaling of Economic Activity
2. The Logics of Economic Globalization
3. The Second Age of Globalization : Another Extraordinary Episode?
4. After the Crisis : The Prospects for Economic Globalization

X. Globalization's Impact on States/Colin Hay :
1. The Globalization of Politics and the Politics of Globalization
2. Globalization and the Crisis of the Nation State
3. Globalization and State Retrenchment : The Evidence Assessed

11. The Globalization of Production/Eric Thun :
1. The Rise of Global Production
2. Global Value Chains : Governance and Location
3. China as the World's Factory

XII. Globalization, Growth, Poverty, Inequality, Resentment, and Imperialism/Robert Hunter Wade :
1. World Income Distribution
2. Growth and Geographical Distribution
3. Poverty
4. Inequality
5. Case Studies
6. Globalization
7. Does Inequality Matter?

XIII. Globalization and Development/Nicola Phillips :
1. Ways of Thinking about Development
2. Development Theory in Practice
3. The Crisis of the Washington Consensus
4. Responses to the Crisis of the Washington Consensus
5. Interpreting the Relationship between Globalization and Development
6. Conclusion : A New Era of Global Development?

XIV. Globalization and the Environment/Peter Dauvergne :
1. Introduction : Globalization and Environmental Change
2. History of Global Environmentalism
3. Economic Growth, Trade, and Corporations
4. A Sustainable Future? Financing and Regimes

List of Tables

2.1. A Four-Cell Approach for Appraising IPE
2.2. Mapping IPE's Major Theoretical Divisions onto the Four-Cell Approach to the Field
3.1. From Problems to Institutional Solutions
4.1. Comparative Costs of Production (Cost per Unit in Person Hours)
4.2. Production Before and After Trade
5.1. Results of GATT Negotiations : 1960-94
5.2. WTO Ministerial Conferences
6.1. Example of the Geographical Scope of Trade Liberalization Strategies
6.2. The Potential for Trade Diversion after the Removal of Tariffs on Intra-Regional Trade ($)
6.3. Notified RTAs in Goods by the Date of Entry into Force and Type of Partners (as of February 2010)
6.4. Changes in the Share of Intra-Regional Trade in Selected RTAs, 1970-2008
6.5. Membership of Minilateral Regional Trading Agreements
8.1. Net Capital Inflows to Developing Regions. 2005-8
9.1. Economic Globalization : Types of Theory
9.2. Economic Globalization Summary : Types of Theories and Forms of Explanation
9.3. Epochal Shifts in Globalization Since 1820
10.1. Government Expenditure as a Share of GDP
12.1. Key World Poverty Numbers
12.2. Inter-Country Income Distribution, PPPS and FX$, Gini Coefficient
12.3. State Mobility Matrices, 1960-78 and 1978-2000 (Percentages)
12.4. Regional Share of World Manufacturing Value-Added (Percentages)
14.1. Examples of International Environmental Agreements


1. Vinod K Aggarwal; is Professor of Political Science, Affiliated Professor of Business and Public Policy at the Haas School of Business, and Director of the Berkeley A PEC Study Center at the University of California, Berkeley. His publications include Liberal Protectionism (University of California Press), Debt Games (Cambridge University Press), and Bilateral Trade Agreements in the Asia-Pacific (Routledge).

2. Peter Dauvergne; is Professor of Political Science and Canada Research Chair in Global Environmental Politics, and Director, Liu Institute for Global Issues at the University of British Columbia, Vancouver, Canada. His publications include Shadows in the Forest (MIT Press) and Loggers and Degradation in the Asia-Pacific (Cambridge University Press).

3. Cedric Dupont; is Professor of Political Science at the Graduate Institute of International Studies, Geneva. He is also Director of the Centre on Alpine Environment and Society at the Kurt Bosch University Institute in Sion, Switzerland. He has published in journals, including the European Journal of International Relations and the International Political Science Review.

4. Colin Hay; is Professor of Political Analysis at the University of Sheffield, UK. His recent publications include Why We Hate Politics (Polity Press), Political Analysis (Palgrave), The State (Palgrave), European Politics (Oxford University Press), and Demystifying Globalization (Palgrave).

5. Eric Helleiner; is CIGI Chair in International Governance at the University of Waterloo, Ontario, Canada. His publications include States and the Reemergence of Global Finance and The Making of National Money (both from Cornell University Press), as well as Towards North American Monetary Union? (McGill-Queen's University Press).

6. Michael J Hiscox; is Professor of Government, Harvard University. His publications include International Trade and Political Conflict (Princeton University Press).

7. Anthony McGrew; is Professor of International Relations and Head of the School of Social Sciences at the University of Southampton, UK. His recent publications include Globalization/Anti-Globalization : Beyond the Great Divide, Globalization Theory, and Globalization : Human Security and Development (all published by Polity Press).

8. Louis W Pauly is Director of the Centre for International Studies, University of Toronto, Canada, where he also holds the Canada Research Chair in Globalization and Governance. His publications include Opening Financial Markets and Who Elected the Bankers? (both Cornell University Press)

9. Nicola Phillips; is Professor of Political Economy and Director of the Political Economy Institute at the University of Manchester, UK. Her publications include Development (co-authored with Anthony Payne, Polity), Globalizing International Political Economy (Palgrave), and The Southern Cone Model : The Political Economy of Regional Capitalist Development in Latin America (Routledge).

10. John Ravenhill; is Professor in the Department of International Relations, College of Asia and the Pacific, Australian National University. His publications include Crisis as Catalyst: Asia's Dynamic Political Economy (Cornell), APEC and the Construction of Pacific Rim Regionalism, and The Asian Financial Crisis and the Architecture of Global Finance (both Cambridge University Press).

11. Eric Thun; is Peter Moores Lecturer in Chinese Business Studies at Oxford University's Said Business School. His publications include Changing Lanes in China: Foreign Direct Investment, Local Governments and Auto Sector Development (Cambridge University Press).

12. Robert Hunter Wade; is Professor of Political Economy, Development Studies Institute, London School of Economics, UK. His publications include Governing the Market (Princeton University Press), Village Republics (Cambridge ' University Press), and Irrigation and Agricultural Politics in South Korea (Westview Press).

13. Matthew Watson; is Professor of Political Economy, Department of Politics and International Studies, University of Warwick, UK. His publications include The Political Economy of International Capital Mobility (Palgrave Macmillan), while the argument in the current contribution is more closely related to his previous book, Foundations of International Political Economy (Palgrave Macmillan).

14. Gilbert R Winham; is Emeritus Professor of Political Science and Adjunct Professor, Faculty of Law, Dalhousie University, Halifax, Nova Scotia, Canada. His publications include International Trade and the Tokyo Round Negotiation (Princeton University Press) and The Evolution of International Trade Agreements (University of Toronto Press).

List of Figures

1.1. Per capita income, 1000-1998 (US$)
3.1. Prisoner's Dilemma game (ordinal form)
3.2. Assurance game (Stag Hunt) (ordinal form)
3.3. Co-ordination game (Battle of the Sexes) (ordinal form)
3.4. Chicken game (ordinal form)
3.5. Called Bluff (ordinal form)
3.6. Harmony (ordinal form)
3.7. Suasion (ordinal form)
3.8. Types of goods
5.1. Average industrial tariffs in developed countries since 1947
6.1. Regional Trade Agreements notified to the GATT/WTO, 1948-2008
6.2. Geographical distribution of RTAs, both in force and under negotiation
8.1. Net capital inflows to developing countries (US$ bn)
8.2. Composition of net private capital inflows to developing countries (US$ bn)
10.1. The hyperglobalization thesis
10.2. The dual convergence thesis
10.3. Government employment : as a share of total employment
10.4. Social spending in Europe, 1960-2004 (1960 = 100)
10.5. Social spending of EU Member States, 1995-2007 (as percentage of GDP) by regime type
10.6. Ratio of merchandise trade to GDP at current prices
10.7. The triad's share of inward and outward FDI stock
10.8. Intra-regional trade as a proportion of total trade
10.9. Intra-regional concentration ratios for trade
10.10. The idea of globalization
12.1. 'International income distribution' : the distribution of people according to the GDP per capita of the country in which they live (year 2000)
12.2. Regional divergence : average income as a proportion of that of the North
12.3. World consumption distribution density curves. 1993, 2001 (151 countries)
12.4. Evolution of the three concepts of international inequality, 1950-2007
14.1. World population, first century AD-2009
14.2. Environmental Kuznets Curve
14.3. Global CFC production, 1935-2004
14.4. Global CO2 emissions from fossil-fuel burning, cement production, and gas flaring, 1751-2006

List of Boxes

1.1. Sub-Prime Lending and Securitization
1.2. The G20
1.3. Most-Favoured Nation Status (MFN)
1.4. The Gold Standard
1.5. Bretton Woods
1.6. What's in a Name? International versus Global Political Economy
1.7. Voting in the International Financial Institutions
1.8. Power and Collaboration
1.9. Epistemology, Ontology, and Methodology
2.1. Feminist International Political Economy
2.2. Significance of the Marginalist Revolution for Contemporary IPE
3.1. Game Theory and its Critics
3.2. Goods and the Problems of Co-Operation
3.3. IMF and WTO : Selected Organizational Characteristics
4.1. The Repeal of the Corn Laws
4.2. The 'New World' Closes its Doors to Immigrants
4.3. Investment, Imperialism, and the 'Race for Africa'
4.4. The Politics of the Rising Dollar
4.5. The Institutional Foundations of the Gold Standard
4.6. The Reciprocal Trade Agreements Act of 1934(RTAA)
4.7. The Rise of Free Trade in Europe
4.8. The Theory of Comparative Advantage
5.1. Most-Favoured Nation Principle (MFN)
5.2. Dumping and Anti-Dumping Duties
5.3. Uruguay Round Agreements
5.4. Doha Round
6.1. A Hierarchy of Regional Economic Arrangements
6.2. The Costs and Benefits of Preferential Trade Agreements : Trade Diversion and Trade Creation
6.3. Economies of Scale
6.4. Rules of Origin
6.5. The Marshall Plan
6.6. The World Trade Organization and Preferential Trade Agreements
7.1. The Theory of the Adjustment Process under the International Gold Standard
7.2. Quotas and Decision-Making in the IMF
7.3. The 'Impossible Trinity' of Open Macroeconomics
7.4. What is 'Seigniorage?
7.5. Monetary Unions and the Theory of Optimum Currency Areas
8.1. The Policy Challenges of Financial Openness : The Case of Argentina
8.2. The Global Financial Panic of the Late 1990s
8.3. Institutions for Collaboration on International Financial Policies and Practices
8.4. Timeline for the Crisis of 2008
9.1. Globalization
9.2. Sceptical Argument
9.3. Economic Theory and Globalization
9.4. Causal and Constitutive Theory
10.1. The Politics of Globalization : Key Controversies
10.2. Core Assumptions of the 'Hyper-globalization' Thesis
10.3. The Implications of the Tragedy of the Commons'
10.4. The Empirical Case against the Globalization Thesis
10.5. Gravity Models : The Sensitivity of Trade to Distance
10.6. The Role of Ideas about Globalization : Tax Competition between States
11.1. Modular Production
11.2. Triangular Manufacturing
12.1. Purchasing Power Parity (PPP)
12.2. The Gini Coefficient
13.1. Key Dimensions of Modernization Theory
13.2. Key Dimensions of Underdevelopment and Dependency Theory
13.3. Key Dimensions of Neo-Liberal Development Theory
13.4. Characteristics of the Japanese 'Developmental State'
13.5. Key Dimensions of Neo-Statist Development Theory
13.6. Key Dimensions of 'Human' Development Theories
13.7. The Policy Prescriptions of the Washington Consensus
13.8. The Millennium Development Goals
14.1. Globalization
14.2. Ecological Footprints and Shadows
14.3. ISO 14000 and ISO 14001
14.4. Tragedy of the Commons
14.5. ITTO and FSC

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