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International political economy: perspectives and prospects—Part II

Published online by Cambridge University Press:  26 October 2009

R. J. Barry Jones
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Extract

The study of international political economy is beset with complexity: the complexity of the empirical referent and the variety of intellectual perspectives. The complexity of contemporary international economic relations was discussed in the first of these two papers. This paper is devoted to a critical review of the major established perspectives on the global political economy and a discussion of some of the bases upon which it might be possible to construct a synthetic, and hopefully more satisfactory, approach.

Type
Research Article
Information
Review of International Studies , Volume 8 , Issue 1 , January 1982 , pp. 39 - 52
Copyright
Copyright © British International Studies Association 1982

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References

1. See the interesting discussion by John Maclean in ‘Marxist epistemology, explanations of Change and the study of international relations’ in Buzan, B. and Jones, R. J. Barry, (eds.), Change and the Study of International Relations: The Evaded Dimension (London, 1981).Google Scholar

2. See: P. T. Ellsworth, The International Economy (3rd ed.) (New York, 1964), esp. pp. 17–37 and pp. 43–45.

3. See: Calleo, D. P. and Rowland, B. M., America and the World Political Economy: Atlantic Dreams and National Realities (Bloomington, Indiana, 1963).Google Scholar

4. For further reading see such texts at Kindleberger, C. P., International Economics (5th ed.) (Homewood, Illinois, 1973)Google Scholar, esp. Chs. 2 and 3.

5. For a detailed account of ‘marxist’ views see: Brown, Michael Barratt, The Economics of Imperialism (Harmondsworth, 1974)Google Scholar; Kiernan, V. G., Marxism and Imperialism (London, 1974)Google Scholar; and Owen, R. and Sutcliffe, B., Studies in the Theory of Imperialism (London, 1972).Google Scholar

6. For a vigorous presentation of this view see: Frank, Andre Gunder, On Capitalist Underdevelopment (Bombay, 1975)Google Scholar.

7. On the ‘radical’ view see: Baran, P. A., The Political Economy of Growth (Harmondsworth, 1973)Google Scholar, esp. Ch. 8.

8. On possible commodity agreements see: Kirkpatrick, C. and Nixon, F., ‘The new international economic order: trade policy for primary commodities’, British Journal of International Studies, vol. 3 (October, 1977), pp. 233–253.CrossRefGoogle Scholar

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12. On the concept and implications of ‘metatheory’ see: Castles, F., Politics and Social Insight (London, 1971)Google Scholar, esp. pp. 46–47.

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14. Hirsch, Fred, Social Limits to Growth (London, 1977)Google Scholar, esp. Chs. 3, 4, 5 and 6.

15. Bergsten, C. Fred and Mathieson, J. A., ‘The Future of the International Economic Order: An Agenda for Research,’ in Bergsten, C. Fred, The Future of the International Economic Order: An Agenda for Research (Lexington, 1973), p. 12.Google Scholar

16. Ibid. p.12.

17. Keohane, R. O. and Nye, J.S., Power and Interdependence: World Politics in Transition (Boston, 1977), p. 39.Google Scholar

18. See: Cipolla, Carlo M. (ed.), The Fontana Economic History of Europe, The Emergence of Industrial Societies, Vols. 1 and 2 (London, 1973).Google Scholar

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20. See Kindleberger, Power and Money, op. cit.; Bergsten and Mathieson, op. cit.; Spero, Joan E., The Politics of International Economic Relations (London, 1977)Google Scholar, esp. pp. 31–37 and 64–71; and Gilpin, Robert, US Power and the Multinational Corporation: The Political Economy of Foreign Direct Investment (London, 1976)Google Scholar, esp. p. 102.

21. See Spero, op. cit.; and Knorr, Klaus, Power and Wealth: The Political Economy of International Power (London, 1973)CrossRefGoogle Scholar, esp. p. 33.

22. Samuels, Warren J., (ed.), The Economy as a System of Power, Vols., 1 and 2 (New Brunswick, 1979);Google Scholar and see also, Samuels, Warren J. (ed.), The Methodology of Economic Thought (New Brunswick, 1980).Google Scholar

23. Eichner, Alfred S. (ed.),A Guide to Post-Keynesian Economics (London, 1979);CrossRefGoogle Scholar and see, also: Robinson, Joan, Contributions to Modern Economics (Oxford, 1978).Google Scholar

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25. See Wrong, D., Power: Itsforms, bases and uses (Oxford, 1979)Google Scholar, esp. Ch. 1.

26. Knorr, op. cit. pp. 13–14.

27. Morgenthau, Hans J., Politics Among Nations: The Struggle for Power (4th ed.) (New York, 1967), p. 27.Google Scholar

28. Keohane and Nye, op. cit.

29. Ibid. p. 19.

30. See Susan Strange, review article in International Affairs, vol. 51, (April, 1977), pp. 270–273.Google Scholar

31. Keohane and Nye, op. cit. p. 20.

32. C. F. Bergsten, R. O. Keohane and J. S. Nye, ‘International Economic s and International Politics: a framework for analysis, pp. 3–36 in C. Fred Bergsten and Krause, L. B., World Politics and International Economics (Washington D.C., 1975), p.5.Google Scholar

33. Keohane and Nye, op. cit. p. 21.

34. Ibid. p. 51.

35. See Robert Keohane, ‘The Study of Transnational Relations Reconsidered’, paper given to the Annual Conference of the British International Studies Association, University of Warwick, 16–18 December 1976.

36. Keohane and Nye, op. cit., and Gilpin, op. cit.

37. See J. B. Burbidge, ‘The International Dimension’, pp. 139–150 in Eichner, op. cit.