The Politics of Economics: A Sectoral Analysis
Strange, Susan. “The Politics of Economics: A Sectoral Analysis.” In Economic Issues and the Atlantic Community, edited by Wolfram F. Hanrieder, 15-26. New York: Praeger, 1982.
Strange here proposes a structural approach that is implied by her argument that an analysis of the global political economy must be concerned with its ‘environment’. However, while suggesting three of her four later structures - here, security, monetary and production structures - she also includes a number of other structures - transport, trade, communication - that would later become in her schema, secondary structures. Strange repeats her critique of the recent history of the discipline of IPE before suggesting that a need for sectoral analysis seems to be gaining currency. She briefly discusses the steel and aerospace sectors, to argue for the need to engage in a structuralist analysis of political economy. She also suggests that the ‘bargains’ that IPE should be concerned with include those between firms and governments and those between labour and firms. That is, she is arguing for an analysis that widens its analysis to include all sorts of non-state actors, and recognition of the global nature of the political economy.
Keywords: Production; Structural Power, Power; Theory