International Political Economy » (4th Edition)

Thomas Oatley is Associate Professor of Political Science at the University of North Carolina at Chapel Hill.

Broadly viewing the global economy as a political competition that produces winners and losers, International Political Economy holistically and accessibly introduces the field of IPE to students with limited background in political theory, history, and economics. This text surveys major interests and institutions and examines how state and non-state actors pursue wealth and power. Emphasizing fundamental economic concepts as well as the interplay between domestic and international politics, International Political Economy not only explains how the global economy works; it also encourages students to think critically about how economic policy is made in the context of globalization.

Ch. 1 International Political Economy 1

Ch. 2 The World Trade Organization and the World Trade System 21

Ch. 3 The Political Economy of International Trade Cooperation 46

Ch. 4 A Society-Centered Approach to Trade Politics 71

Ch. 5 A State-Centered Approach to Trade Politics 94

Ch. 6 Trade and Development I: Import Substitution Industrialization 114

Ch. 7 Trade and Development II: Economic Reform 137

Ch. 8 Multinational Corporations in the Global Economy 164

Ch. 9 The Politics of Multinational Corporations 189

Ch. 10 The International Monetary System 214

Ch. 11 Contemporary International Monetary Arrangements 237

Ch. 12 A Society-Centered Approach to Monetary and Exchange-Rate Policies 260

Ch. 13 A State-Centered Approach to Monetary and Exchange-Rate Policies 283

Ch. 14 Developing Countries and International Finance I: The Latin American Debt Crisis 306

Ch. 15 Developing Countries and International Finance II: A Decade of Crises 332

Ch. 16 Globalization: Consequences and Controversies 356

Glossary 381

References 393

Index 406