International Political Economy A READER Axel Hulsemeyer OXPORD UNIVERSITY PRESS
Preface vi Acknowledgments viii Introduction 1 Part 1 - The Dominant Theories of IPE 12 1. Liberalism An Inquiry into the Nature and the Causes of the Wealth of Nations: Of the Division of Labour, Of the Principle Which Gives Occasion to the Division of Labour, and That the Division of Labour Is Limited by the Extent of the Market 19 Adam Smith The Principles of Political Economy and Taxation 27 David Ricardo The General Theory of Employment, Interest, and Money: The General Theory, The Postulates of Classical Economics, and Concluding Notes on the Social Philosophy towards which the General Theory Might Lead 35 John M. Keynes 2. (Neo-)Mercantilist Reflection The National System of Political Economy: The Theory of the Powers of Production and the Theory of Values, Customs Duties as a Chief Means of Establishing and Protecting the Internal Manufacturing Power 46 Friedrich List The Power of Nations: The Political Economy of International Relations: The Bases of National Economic Power 56 Klaus Knorr Policy Rivalry Among Industrial States: What Can We Learn from Models of Strategic Trade Policy? 69 Klaus Stegemann 3. (Neo-)Marxist Reflection Outlines of a Critique of Political Economy 85 Frederick Engels Imperialism, the Highest Stage of Capitalism: Imperialism as a Special Stage of Capitalism 97 Vladimir 1. Lenin The Rise and Future Demise of the World Capitalist System: Concepts for Comparative Analysis 109 Immanuel M. Wallerstein
iv 4. Post-Positivist Response Anarchy Is What States Make of It: The Social Construction of Power Politics 125 Alexander Wendt How (the Meaning of) Gender Matters in Political Economy 145 V. Spike Peterson Review Questions 160 Further Literature 160 Part II - Structures of IPE 161 1. The Politics of International Trade In the Shadow of Law or Power? Consensus-Based Bargaining and Outcomes in the GATT/WTO 171 Richard H. Steinberg Private Rights vs. Public Standards in the WTO 192 Sol Picciotto 2. The Political Economy of Money and Finance The Obsolescence of Capital Controls? Economic Management in an Age of Global Markets 207 John B. Goodman and Louis W. Pauly Institutional Investors and Polanyi's Double Movement: A Model of Contemporary Currency Crises 224 Adam Harmes 3. International Production and Multinational Corporations American Business Abroad: Six Lectures on Direct Investment: The International Corporation '250 Charles P. Kindleberger, National Structures and Multinational Corporate Behaviors: Enduring Differences in the Age of Globalization 261 Louis W. Pauly and Simon Reich Review Questions 280 Further Literature 280 Part III - Economic Globalization and 'the State' 281 1. Globalization I: Which Role for the State? The Eclipse of the State? Reflections on Stateness in an Era of Globalization 285 Peter Evans Globalization and the Future of the Nation State 298 Paul Hirst and Grahame Thompson
2. Globalization II: Toward Convergence? The Convergence Hypothesis Revisited: Globalization but Still the Century of Nations? 318 Robert Boyer Globalization and Policy Convergence 334 Daniel W. Drczner Review Questions 348 Further Literature 348 Part IV - Regional Integration: Europe anctbeyond 349 1. Conceptualizing the Phenomenon Regionalism: Old and New 354 Raimo Vdyrynen Regional Integration and Domestic Institutional Homogeneity: A Comparative Analysis of Regional Integration in the Americas, Pacific Asia, and Western Europe 374 Yi Feng and Gaspare M. Genna 2. Regional Integration I: The European Union The Path to European Integration: a Historical Institutionalist Analysis, 391 Paul Pierson What Can We Learn from the Collapse of the European Constitutional Project? 412 Andrew Moravcsik 3. Regional Integration II: Western Hemisphere Explaining Latin American Economic Integration: The Case of Mercosur 426 Karl Kaltenthaler and Frank O. Mora Hemispheric Integration and Subregionalism in the Americas 439 Nicola Phillips : \ -"- 4. Regional Integration III: Southeast Asia Asia's Post-Crisis Regionalism: Bringing the State Back in, Keeping the (United) States out 453 Paul Bowles < Two Funerals and a Wedding? The Ups and Downs of Regionalism in East Asia and Asia Pacific after the Asian Crisis 467 Douglas Webber Review Questions 486 Further Literature 486
vi Part V - Toward the Twenty-first Century 487 1. Continuing North-South Disparity: New Recipes? What Strategies are Viable for Developing Countries Today? The World Trade Organization and the Shrinking of 'Development Space' 490 Robert Hunter Wade Globalization, Poverty, and the North-South Divide 503 Arie M. Kacowicz 2. Transition Economies - From the Outside Looking In Market Structures, Political Institutions and Democratization: The Latin American and East European Experiences 515 David Bartlett and Wendy Hunter Post-Communist Transformation and Industrial Relations: A Fast-Track to the 'Competition State' in Eastern Europe? 536 RalfJ. Leiteritz and Lars Handrich 3. Sustainable Development A Climate for Business: Global Warming, the State, and Capital 544 Peter Newell and Matthew Paterson Gorg, Christoph and Ulrich Brand, Global Environmental Politics and Competition between Nation-States: On the Regulation of Biodiversity 557 Review Questions 572 Further Literature 572