Principles of International Political Economy

Principles of International Political Economy is the only text to bridge the gap between the real world of politics underlying the international economy and the tools that researchers use to understand IPE. Utilizing a central theoretical framework, the book provides a systematic and widespread introduction to the standard topics covered in an IPE course. It also emphasizes the role of domestic and international institutions in IPE and incorporates several subject areas that are not covered well in other texts, including political determinants and consequences of financial crises; implications of the rise of the BRICs; international environmental politics; the political origins and effect of sovereign debt; and the politics of foreign aid and its effect on development, democracy, and human rights.

Bumba Mukherjee is Professor of Political Science at Penn State University.

Mark Hallerberg is Dean of Research and Faculty and Professor of Public Management and Political Economy at the Hertie School of Governance in Berlin, Germany.

Jeff Kucik is Associate Professor in the School of Government and Public Policy at the University of Arizona.

Chapter 1: A First Look at International Political Economy
1.1 Readers Guide
1.2 Introduction
1.3 Have Global Markets Fulfilled their Promise?
1.4 What is International Political Economy (IPE)
1.5 Our Approach to IPE: Concepts, Actors, and Institutions
1.6 Theoretical Debates and Empirical Evidence
1.7 Structure of the Textbook

Chapter 2: Fundamentals of Trade Politics
2.1 Readers Guide
2.2 Introduction
2.3 Why Countries Trade
2.4 Why is there not more trade?
2.5 Sources of trade preferences
2.6 Conclusion
2.7 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
2.8 References

Chapter 3: Determinants of Trade Politics
3.1 Readers Guide
3.2 Introduction
3.3 Regime type and trade
3.4 Domestic political institutions and trade
3.5 Development level and trade
3.6 Security, conflict, and trade
3.7 Conclusion
3.8 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
3.9 References

Chapter 4: International Trade Law and Institutions
4.1 Readers Guide
4.2 Introduction
4.3 Why create trade agreements?
4.4 The multilateral trade regime
4.5 Bilateral and regional trade deals
4.6 Trade law's costs and benefits
4.7 Conclusion
4.8 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
4.9 References

Chapter 5: The Politics of Foreign Direct Investment and Multinational Corporations
5.1 Readers Guide
5.2 Introduction
5.3 Foreign Direct Investment: Definition and Empirical Patterns
5.4 Multinational Corporations: Definition and Features
5.5 Explaining FDI Patterns Across Space and Time
5.6 FDI: Boon or Bane for Economic Development?
5.7 Conclusion
5.8 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
5.9 References

Chapter 6: Political Economy of International Finance
6.1 Readers Guide
6.2 Introduction
6.3 International Finance: A Detailed Background
6.4 Exchange Rate Systems: Benefits and Costs
6.5 Variation in Modern Exchange Rate Arrangements
6.6 Explaining Exchange Rate Policy Choice
6.7 Conclusion
6.8 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
6.9 References

Chapter 7: Financial and Currency Crises
7.1 Readers Guide
7.2 Introduction
7.3 How Debt Problems in the Public and Private Sector Differ
7.4 What is Debt? Relevant Actors in Debt Markets
7.5 Types of Financial Crisis: Banking, Sovereign Debt
7.6 Multi-Lateral Aid Institutions: The World Bank
7.7 Non-governmental Aid
7.8 Conclusion
7.9 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
7.10 References

Chapter 8: Politics of the Global Environment
8.1 Readers Guide
8.2 Introduction
8.3 Environmental Issues
8.4 Global Environmental Politics and International Cooperation
8.5 International Environmental Agreements: Definition, Examples and Functions
8.6 Variation in Success of International Environmental Agreements
8.7 Conclusion
8.8 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
8.9 References

Chapter 9: Who Gets Foreign Aid and Why?
9.1 Readers Guide
9.2 Introduction
9.3 Why do some countries provide Foreign Aid?
9.4 Humanitarian Motives
9.5 Strategic determinants of foreign aid for development by donor countries
9.6 Domestic political determinants of foreign aid in donor countries
9.7 Multi-Lateral Aid Institutions: The World Bank
9.8 Non-governmental Aid
9.9 Conclusion
9.10 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
9.11 References

Chapter 10: Aid and/or Trade? International Politics and Development
10.1 Readers Guide
10.2 Introduction
10.3 What does it mean to be "Developing?" Economic and Human Development
10.4 Institutions, Actors, and Development
10.5 Institutions to Promote the Accumulation of Capital: International and Domestic Development Banks
10.6 Does Foreign Aid Promote Economic and Human Development?
10.7 Trade and Economic Development
10.8 Trade and Human Development
10.9 Conclusion
10.10 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
10.11 References

Chapter 11: The Rise of the BRICs and Their Impact on Global Economic Governance
11.1 Readers Guide
11.2 Introduction
11.3 A review of the BRICs
11.4 BRIC collective action
11.5 International Relations Theory and Explanations of BRIC Behavior
11.6 Implications of the Emergence of These Countries on Trade, Finance, the Environment, and Foreign Aid
11.7 Conclusion
11.8 End of Chapter Material
· Questions
· Empirical Exercises
· Key Terms
11.9 References