The Westfailure System' Fifteen Years on: Global Problems, What Makes Them Difficult to Solve and the Role of IPE
Murphy, Craig N. In Susan Strange and the Future of Global Political Economy: Power, Control and Transformation, edited by Randall Germain, 51-70. London: Routledge, 2016.
This chapter argues that some of Susan Strange's insights hold heuristic value that remains underused in the literature that is emerging from the regions, on the regions, and in the wider international political economy (IPE) field itself. In a nutshell, a closer examination of the regions out there can reveal important scope conditions for understanding the structural re-organization of the global political economy which may otherwise be missed. Susan Strange's analysis of business and power opens up the possibility of looking at developing countries as makers and not just takers of international policy. It reinforces the call today for IPE to move on and speak to a new global landscape. This narrative is certainly consistent with the institutional turn in development theory. Internationalization beyond the core also marks a new stage in development. Fiscal solvency has changed the character of the state, enabling it to provide centrally mandated subsidized credit.
Keywords: Authority; Structural Power, Power; Westfailure System; General Framework
Contributor(s): Craig N. Murphy and Editor: Randall Germain Keywords: Authority, Structural Power, Power, Strange-Influenced Works, 2010's Source and Medium: Book Chapter
Year of Publication: 2016