Andrew Walter and Gautam Sen
Princeton University Press (January 2009)
Analyzing the Global Political Economy attempts to bridge what some have seen as a growing gap between 'American' and 'British' approaches to international political economy (IPE). Andrew Walter and Gautam Sen critically assesses the recent disciplinary convergence between international political economy (IPE), comparative political economy, and economics, focusing on the political economy of trade, money, finance and production in the global political economy. They show that a careful engagement with economics is essential for understanding outcomes in the global political economy. But they also show why the deployment of more advanced economic theories in political economy analysis should not detract from the continuing importance of key concepts from political science and international relations.
The book will appeal to all those who seek a concise but critical analysis of contemporary political economy theories and of the outcomes they seek to understand.
Andrew Walter is senior lecturer in international relations at LSE.
Gautam Sen is a political risk consultant and former lecturer in politics of the world economy at LSE.
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'By organizing the text in the way they have, the authors tie together several critical areas of international political economy. The material flows nicely from topic to topic, demonstrating what we have learned from economic analysis, how political science approaches the same issue, and then the best results from both disciplines. It really captures the 'state of the art' in our field.'
Mark Brawley, McGill University
'Analyzing the Global Political Economy shows how a critical engagement with economics contributes to a thorough understanding of international political economy. The volume represents an antidote to approaches that ignore economic rationality and to much post-9/11 thinking that reduces matters in international relations to realist impulses. Walter and Sen focus on what really matters, and provide a smarter, more purposeful introduction to the field.'
Timothy Sinclair, University of Warwick
'This book will attract teachers seeking a compact core text that introduces key findings from economics and political science in accessible form. The authors are fans of the turn to economics in international political economy but they also note some of its shortcomings.'
John Odell, University of Southern California
'Walter and Sen do a magisterial job of surveying classic and contemporary literature across the areas of trade, investment, and money. Identifying the major literature and arguments, this textbook is a valuable pedagogical contribution. I know of no other book that is as thorough and concise.'
David Leblang, University of Colorado
'There is much to admire about this book - it is short, well-written, and covers the subject matter comprehensively. It does a good job reviewing the literature on the multilateral trading system and explaining the trend toward greater exchange rate flexibility.'
Jeffrey Hart, Indiana University