Book

The New Knowledge: Information, Data, and the Remaking of the Global Economy

Haggart, Blayne, Natasha Tusikov. Lantham, MD: Rowman & Littlefield, 2023. Open Access.

From the global geopolitical arena to the smart city, control over knowledge—particularly over data and intellectual property—has become a key battleground for the exercise of economic and political power. For companies and governments alike, control over knowledge—what scholar Susan Strange calls the knowledge structure—has become a goal unto itself. The rising dominance of the knowledge structure is leading to a massive redistribution of power, including from individuals to companies and states. Strong intellectual property rights have concentrated economic benefits in a smaller number of hands, while the ‘internet of things’ is reshaping basic notions of property, ownership, and control. In the scramble to create and control data and intellectual property, governments and companies alike are engaging in ever-more surveillance. The New Knowledge is a guide to and analysis of these changes, and of the emerging phenomenon of the knowledge-driven society. It highlights how the pursuit of the control over knowledge has become its own ideology, with its own set of experts drawn from those with the ability to collect and manipulate digital data. Haggart and Tusikov propose a workable path forward—knowledge decommodification—to ensure that our new knowledge is not treated simply as a commodity to be bought and sold, but as a way to meet the needs of the individuals and communities that create this knowledge in the first place.

Keywords: Knowledge; Structural Power, Power; Theory

Contributor(s): Blayne Haggart and Natasha Tusikov
Keywords: Knowledge, Structural Power, Power, Theory, Strange-Influenced Works, 2020's
Source and Medium: Book

Year of Publication: 2023

The Closing of the Net

Horten, Monica. Cambridge: Routledge, 2016.

Deploying Susan Strange's concept of structural power, this book provides the backstory to current attempts by states and corporations to control the Internet. It explains key issues such as privacy, net neutrality and copyright in a way that is accessible to non-experts, as well as providing a clear, authoritative context for academic study.

Keywords: Knowledge

Contributor(s): Monica Horten
Keywords: Knowledge, Strange-Influenced Works, 2010's
Source and Medium: Book

Year of Publication: 2016

Mad Money

Strange, Susan. Manchester: Manchester University Press, 1998.

In this sequel to Casino Capitalism (1986) Strange returns to a concentration on the financial structure. Her final book finds Strange once again emphasising the need to recognise the problems of instability in the global financial sector. Arguing that the system itself needed to be reformed, she once again refused to accept that the current upheavals were inevitable or unavoidable.

Keywords: Money and Finance

Contributor(s): Susan Strange
Keywords: Money and Finance, 1990's
Source and Medium: Book

Year of Publication: 1998

The Retreat of the State: State Diffusion of Power in the World Economy

Strange, Susan. Cambridge: Cambridge University Press, 1996.

In what might effectively be regarded as the third part of a trilogy, together with States and Markets (1988) and Rival States, Rival Firms: Competition for world market shares (with John M. Stopford and John S. Henley, 1991), Strange examines states' transition towards the sidelines of global political economic relations. Though in the past authority might have been state based, now she argues it is more often based on non-state abilities to bring about (or structure) outcomes. This has to some extent been obscured by the increasing intervention by states in the lives of their citizens, giving an impression of the retention of power. While some states have fared better than others, the US being the prime example of a state retaining significant power, in general Strange sees new sites of authority in the global system are rising to challenge even the strongest states. Relations between states and non-state authority are arrayed along a continuum from the Mafia, threatening and undermining remaining state authority, to the big-six accountancy firms and transnational legal partnerships which work with state based authority and by doing so support it. Lacking the means to autonomously change its interactions with the global political economy, the state has lost the most important and significant aspect of its potential.

Keywords: Foundational Work; States; Structural Power, Power; Theory; Authority vs Markets

Contributor(s): Susan Strange
Keywords: Foundational Work, States, Structural Power, Power, Theory, 1990's
Source and Medium: Book

Year of Publication: 1996

Rival States, Rival Firms: Competition for World Market Shares

Strange, Susan, John M. Stopford, John S. Henley. Cambridge: Cambridge University Press, 1991.

A self-avowedly part international relations - part international business management work which in keeping with Strange's views discusses the interdependence between politics and economics without fore-grounding one at the expense of the other. The book builds on Strange's theory of power and links it through three national studies (Brazil, Malaysia, Kenya) to a consideration of the effect of structural change in the international political economy on the role of TNCs in international economic development. The authors suggest that diplomacy is now triangular; (traditional) state-state diplomacy has been joined by state-firm, and firm-firm diplomacy in the international political economy. In addition they note that the linking of TNCs with specific nations is increasingly difficult, not least due to the decreasing centrality of territorial considerations of power. The book concludes with policy advise for both states and multinationals and pointers for further research.

Keywords: Corporations; Foundational Work; Structural Power, Power; States; Transnational Corporations; Triangular Diplomacy

Contributor(s): Susan Strange, John M. Stopford and John S. Henley
Keywords: Corporations, Foundational Work, Structural Power, Power, States, 1990's
Source and Medium: Book

Year of Publication: 1991

States and Markets

Strange, Susan. London: Printer Publishers, 1988.

Although subtitled 'An Introduction...' to IPE, this represents the only book length discussion of Strange's theory of the four dimensions of power in IPE. It is at once an introduction to the subject and a forceful agenda setting exercise for further research. As such, though often appearing on undergraduate course reading lists, this is Strange's defining book, one about which the rest of her work revolves. Strange discusses her ideas on theory building and methodology as well as the four structures of power in the international political economy: security, finance, production and knowledge. This discussion is mobilised around the balance of authority and markets and the questions of value preferences, and of course 'cui bono?' (who benefits?). She then applies this analysis to a number of 'secondary structures'. Those who dismiss this as 'merely an introductory text' have completely missed the point! Prologue reprinted in: Authority and Markets: Susan Strange’s Writings on International Political Economy, edited by Roger Tooze and Christopher May. Basingstoke: Palgrave Macmillan, 2002.

Keywords: Foundational Work; Political Economy; Structural Power, Power; Theory; Authority vs Markets

Contributor(s): Susan Strange
Keywords: Foundational Work, Political Economy, Structural Power, Power, Theory, 1980's
Source and Medium: Book

Year of Publication: 1988

Casino Capitalism

Strange, Susan. Oxford: Blackwell Publishers, 1986.

Strange argues that uncertainty and risk in the financial sector/structure have provoked major economic disturbances in the last twenty or so years. This work represents a detailed sectoral history and analysis which argues against many of the proposed solutions to the international economic crisis she identifies. Strange argues that the United States must once again take up the leadership role (which it enjoys by virtue of economic preponderance) and more radically suggests that in the future financial regulation of credit creating agencies should not be a territorially based jurisdiction, but based on the currencies themselves wherever the credit transactions take place. Using her analysis, locating and understanding 'key decisions' in one sector/structure of power in the international political economy, Strange shows how disruption has spread to affect the other structures, and concludes with suggestions for how constitutional and governmental changes in the United States would benefit the international system. Alongside States and Markets (1988) and Rival States, Rival Firms: Competition for world market shares (with John M. Stopford and John S. Henley, 1991) this represents a major part of the influential core of Strange's work on international political economy. Reprinted, Manchester: Manchester University Press, 1997.

Keywords: Foundational Work; Money and Finance; Theory; General Framework

Contributor(s): Susan Strange
Keywords: Foundational Work, Money and Finance, Theory, 1980's, Susan Strange
Source and Medium: Book

Year of Publication: 1986

Sterling and British Policy

Strange, Susan. London: Oxford University Press, 1971.

Strange proposes a four element theoretical framework for international currencies in the international political economy: Neutral currencies; Top currencies; Master Currencies; and Negotiated currencies, where each category exhibits certain economic and political characteristics. A currency may display more than one set of characteristics but will belong predominantly to one category. She then goes on to discuss the development of the international political economy in light of the decline of sterling and the rise of the dollar. The discussion of the sectoral implications for Britain is firmly placed in its international political context, prefiguring Strange’s later argument that sectoral analysis should precede general analysis of the international political economy.

Keywords: Money and Finance; Political Economy; Theory; United Kingdom

Contributor(s): Susan Strange
Keywords: Money and Finance, Political Economy, Theory, United Kingdom, 1970's
Source and Medium: Book

Year of Publication: 1971

The Sterling Problem and the Six

Strange, Susan. London: Chatham House/PEP, 1967.

In this small pamphlet Strange analyses the twin roles of sterling in the international economy - that of reserve currency and of vehicle currency (in which transactions are carried out), in a precursor to her typology of currencies in Sterling and British Policy (1971). She argues that while the City has benefited from the expansion of the ‘Euro-currency’ markets, in its ‘middleman’ role, this has led to a number of problems for sterling both in the wider context of the international economy and, more specifically, the context of the emerging European Community. Sterling had become more vulnerable to changes elsewhere. She is sceptical about the possibility of Britain enjoying any financial benefit from joining the ‘six’, noting that the CAP payments and the IMF repayments together would form an unendurable strain on the exchequer.

Keywords: Europe; Money and Finance; United Kingdom; European Integration

Contributor(s): Susan Strange
Keywords: Europe, Money and Finance, United Kingdom, 1960's
Source and Medium: Book

Year of Publication: 1967

The Soviet Trade Weapon

Strange, Susan. London: Phoenix House, 1959.

This pamphlet appeared in Background Books series. Taking a rather optimistic (though at that time widespread view) of the Soviet Bloc’s economic situation vis-à-vis the West, Strange concludes that Soviet economic (and political) influence is reliant on economic ‘trouble-spots’ and the aversion by many developing states to the West’s recent history of colonialism. This leads her to suggest that money then spent on military aid might be better spent helping developing countries deal with agricultural surplus capacity in the global a market, a theme she would return to in 'The Management of Surplus Capacity' (1979). Furthermore, the economic cycle in the developed states could be better managed to reduce the destabilising effects on primary producers. Thus political activism by the West could do much to counter the ‘war without weapons’ represented by the contemporary Soviet trade and aid policy.

Keywords: Production; Security; Trade; International Relations

Contributor(s): Susan Strange
Keywords: Production, Security, Trade, 1950's and earlier
Source and Medium: Book

Year of Publication: 1959