The Financial Factor and the Balance of Power
Strange, Susan. “The Financial Factor and the Balance of Power.” In Foreign Policy: Policy Making and Implementation, edited by James Barber, Josephine Negro, Micheal Smith, 35-46. Milton Keynes: Open University, 1975.
Strange presents the Soviet-American balance of power alongside the balance of power in the international monetary system to make links between supposedly different sectors of the international system. While these balances function in different ways, Strange prefaces her remarks with a short argument for an International Political Economy approach to problems rather than a predominantly political or predominantly economic account. This short piece illustrates her argument about the applicability of her IPE approach, but does not include her more usual extended criticism of previous analyses from International Relations or International Economics.
Keywords: Money and Finance; Political Economy; Structural Power, Power