Governing the Global Economy explores the dynamic interaction between politics and economics, between states and markets and between international and domestic politics. The contributors study how the governance of the global economy is shaped by interaction between international institutions, domestic politics and multinational enterprises, from a wide range of theoretical perspectives and methods.

Presenting a fresh approach to the study of international political economy, this volume covers:

  • the systemic characteristics of the liberal world order,
  • the role of international institutions,
  • domestic economic politics and policies
  • the strategies and behaviour of multinational enterprises.

The volume also includes topical discussion of the challenges to the global economy from the recent financial crisis and analysis of economic politics, in particular the regions of Africa and Europe as well as the countries of Japan and South Korea.

With contributions from prominent scholars in political science, economics and business studies, who have all contributed greatly to advancing the study of political economy over the last decade, Governing the Global Economy aims to bridge the gap between undergraduate textbooks and advanced theory. It is essential reading for all students and scholars of international political economy and globalization.

chapter 1|28 pages

The Global Political Economy

International institutions, states, and multinational enterprises
ByDag Harald Claes, Carl Henrik Knutsen

chapter 2|20 pages

Toward Analytic Eclecticism

The political economy of an integrated Europe
ByPeter J. Katzenstein, Rudra Sil

part I|102 pages

International institutions and global economic governance

chapter 3|19 pages

The West and the Rest in Global Economic Institutions

ByRobert O. Keohane, Arild Underdal

chapter 4|21 pages

Free Markets For All

The difficulties of maintaining a stable liberal world economy
ByGeorg Sørensen

chapter 5|19 pages

A New Role For The Oecd?

The “Enhanced Engagement” strategy toward emerging economies
ByMorten Ougaard

chapter 6|21 pages

Paved With Good Intentions

Global financial integration, the eurozone, and the hellish road to the fabled gold standard
ByGeoffrey R. D. Underhill

chapter 7|20 pages

Reining In The Market

Global governance and the regulation of Otc derivatives
ByEric Helleiner

part II|93 pages

Domestic institutions and policies in the globalized economy

chapter 8|7 pages

The African Neopatrimonial State as a Global Prototype

ByDaniel C. Bach

chapter 9|11 pages

Are Good Policies Good Politics?

ByKarl Ove Moene

chapter 10|18 pages

Democracy And Economic Growth

A changing relationship?
ByCarl Henrik Knutsen

chapter 11|15 pages

Fdi-Assisted Industrial Development and Eu Enlargement 1

ByRajneesh Narula, Christian Bellak

chapter 12|19 pages


Dealing with global forces: multilateralism, regionalism, bilateralism
ByT. J. Pempel

chapter 13|21 pages

Industrial Policy In An Integrated World ECONOMY

The South Korean paradox
ByChung-in Moon, Dae-yeob Yoon

part III|67 pages

Corporate strategies in the globalized economy

chapter 14|30 pages

Crisis … What Crisis? (Revisited)

Exploring multinational enterprises' responsiveness to the financial crisis
ByRob Van Tulder

chapter 16|20 pages

States and Firms in the International Oil Market

ByDag Harald Claes