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Questions

1. What is IPE and why is it central to understanding the debate on 'globalization'?

2. What processes have led to the blurring of the distinctions between 'politics' and 'eco­nomies'?

3. What processes have led to the blurring of the distinctions between what is considered 'international' policy and what is considered 'domestic' or 'national' policy?

4. How and why do 'words matter' in the debate on a 'globalized' IPE?

5. Identify and explain the core problem for IPE in a globalized system.

6. What is the basis of an 'international economy'?

7. What is the basis of a 'global economy'?

8. What evidence is there to substantiate the claim that we now have a 'global political economy'?

9. What are the principal changes that have occurred in the world economy over the past fifteen years?

10. To what extent can nation states now achieve their economic policy objectives?

11. What is the role of the ideology of 'neo-liberalism'?

12. What forms of international co-operation are appropriate for the world economy?

Guide to further reading

Agnew, J., and Corbridge, S., Mastering Space: Hegemony, Territory and International Political Economy (New York: Routledge, 1995)—political geography meets IPE and the result is excellent, contains the definitive chapter on IR and territory.

Axford, B., The Global System: Economics, Politics and Culture (Cambridge: Polity Press, 1995)—a good introduction to thinking about the global system with some thoughtful methodological mater­ial.

Boyer, R., and Drache, D., (eds.), States against Markets: The Limits of Globalization (New York: Routledge, 1996)—interesting and original collection of essays, mainly by Canadian writers.

Drucker, P., 'The Changed World Economy', in Foreign Affairs, 64:4 (1986), 768-91—a short and sig­nificant introduction to the framework of the world economy, clearly written in non-technical language.

Hirst, P., and Thompson, G., Globalization in Question: The International Economy and the Possibilities of Global Governance (Cambridge: Polity Press, 1996)—perhaps the definitive examination of the 'globalization' thesis—so far. Well written, with some impressive new information.

Horsman, M., and Marshall, A., After the Nation-State: Citizens, Tribalism and the New World Disorder (New York: Harper Collins, 1994)—written by two journalists, provocative and excellent account of the problems facing the nation-state. A 'must read'.

Kanter, R. M., World Class: Thriving Locally in the Global Economy (New York: Simon and Schuster, 1995)—best-selling manual of 'how to excel' in the global economy, much analysis of global-local dynamics.

Murphy, C. N, International Organization and Industrial Change: Global Governance since 1850

(Cambridge Polity Press, 1994)—an analysis of international organizations as expressions of social forces, essential reading for those wishing to understand the world we live in.

Pettman, R., Understanding International Political Economy—with Readings for the Fatigued (St Leonards: Allen and Unwin, 1996)—a terrific book, clear and thoughtful. Unorthodox readings which really work—highly recommended.

Stopford, J., and Strange, S., Rival States, Rival Firms: Competition for World Market Shares (Cambridge: Cambridge University Press, 1991)—identifies the importance of international production and the 'firm' as a key actor in IPE. Sets out the basis of a new structure of IPE. Clear and accessible.

Strange, S., States and Markets, 2nd edn. (London: Pinter, 1994b)—iconoclastic analysis of IPE, emi­nently readable and provocative—well worth reading if only for its Prologue which is the best demonstration of the nature of political economy I have ever read.

Stubbs, R., and Underhill, G., (eds.), Political Economy and the Changing Global Order (Basingstoke: Macmillan, 1994)—wide ranging collection, excellent introduction to IPE and global order.

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