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How can we understand the progressive, piecemeal emergence of global digital identity governance? Examining the activities of the Financial Action Task Force (FATF) - an intergovernmental organization at the center of global anti-money... more
How can we understand the progressive, piecemeal emergence of global digital identity governance? Examining the activities of the Financial Action Task Force (FATF) - an intergovernmental organization at the center of global anti-money laundering and counter-the-financing of terrorism governance-this paper advances a two-fold argument. First, the FATF shapes how, where and who is involved in developing key standards of acceptability underpinning digital identity governance in blockchain activities. While not itself directly involved in the actual coding of blockchain protocols, the FATF influences the location and type of centralized modes of control over digital identity governance. Drawing on the notion of protocological control from media studies, we illustrate how centralized control emerging in global digital identity governance emanates from the global governance of financial flows long considered by international organizations like the FATF. Second, we suggest that governance...
This commentary identifies a key dilemma in immediate responses to the COVID-19 pandemic: the persistent foregrounding of digital technologies as “silver-bullet” solutions to overcoming tensions between surveillance and privacy. It... more
This commentary identifies a key dilemma in immediate responses to the COVID-19 pandemic: the persistent foregrounding of digital technologies as “silver-bullet” solutions to overcoming tensions between surveillance and privacy. It illustrates the pandemic techno-solutionist dilemma by pointing to global efforts to harness blockchain technologies for “squaring the circle” between privacy and surveillance. It then concludes that further investigating the persistence and possible inevitability of this dilemma requires overcoming solitudes both within international political economy and between international political economy and interdisciplines such as surveillance studies.
This chapter outlines a novel approach for examining how, who, and where authority is exercised in global governance. Rather than an attribute, authority is re-framed as a dynamic process by drawing on notions of power and legitimation... more
This chapter outlines a novel approach for examining how, who, and where authority is exercised in global governance. Rather than an attribute, authority is re-framed as a dynamic process by drawing on notions of power and legitimation developed in constructivist literatures on identities and practices in sociology, IR as well as GPE. Post-structuralist insights are engaged along with interdisciplinary studies emphasising the importance of discourses in legitimating power both in finance specifically and in contemporary governance more generally. Professionals are finally identified as a “special” category of non-state actors exercising authority beyond the so-called public-private divide.
This chapter traces the dynamic authority of prominent actuaries such as David Li; leading financial consulting firms like AT Kearney and Oliver Wyman; as well as the bulge-bracket legal groups Allen & Overy, Baker & MacKenzie, and... more
This chapter traces the dynamic authority of prominent actuaries such as David Li; leading financial consulting firms like AT Kearney and Oliver Wyman; as well as the bulge-bracket legal groups Allen & Overy, Baker & MacKenzie, and Clifford Chance. The expert identities that long underpinned the pre-crisis authority of these advisories became deeply contested in the 2007–8 global financial crisis. Discontinuities in the discursive emphases of these professionals subsequently occurred as previously backgrounded macro-level ethical issues became explicitly stressed in the aftermath of the crisis. The agency exercised by leading advisories culminated in subtle attempts to re-legitimate professional power following contestations of authority in the traumatic crisis of 2007–8.
w. Nick Bernards et al.
This chapter concludes that restoring both professional authority and the integrity of finance in Anglo-American society depends crucially on the ideas and values underlying efforts to defend mammon. An overt stress on macro-level ethical... more
This chapter concludes that restoring both professional authority and the integrity of finance in Anglo-American society depends crucially on the ideas and values underlying efforts to defend mammon. An overt stress on macro-level ethical issues is limited when liberal values and ideas continue to implicate professionals in ongoing volatilities. Tensions between financial professionals and the financial sector as a whole are likely to persist until more profound cognitive and normative changes integrate a wider range of alternative values and ideas. Besides summarising the central arguments of the book, this chapter elaborates avenues for future research on professional authority as well as on ethics in Anglo-American finance and other crisis-prone areas of contemporary activity.
Blockchains are decentralized databases of digital transactions undertaken and verified by quasi-anonymous users interacting in peer-to-peer networks. This chapter traces the agency exercised by this technology, as well as that of its... more
Blockchains are decentralized databases of digital transactions undertaken and verified by quasi-anonymous users interacting in peer-to-peer networks. This chapter traces the agency exercised by this technology, as well as that of its human users in co-producing authority in global governance. Drawing on a Social Construction of Technology approach, the main argument advanced is that parallel forms of human and techno-agency have provided enabling conditions for extensions of liberal market governance modalities in the wake the 2007-8 global financial crisis. Highlighting dynamic relationships between authority, governance and technology, this chapter enhances IR understanding of patterns of agency at two registers of 'the international': the global economy, particularly global finance, and its governance, specifically in its Anglo-American financial heartland.
This introductory article outlines how Global Political Economy and the nuanced perspectives of scholars from this interdiscipline navigate claims about the origins and consequences of, as well as responses to, the COVID-19 pandemic.... more
This introductory article outlines how Global Political Economy and the nuanced perspectives of scholars from this interdiscipline navigate claims about the origins and consequences of, as well as responses to, the COVID-19 pandemic. Emerging social scientific assessments have tended to understand the pandemic as either an entirely novel crisis (“everything has changed”) or one merely extending preexisting economic and political tensions (“nothing has changed”). Early analyses of political-economic aspects of the crisis assembled in this collection instead highlight both patterns of continuity and change—and the importance of situating changes within prepandemic continuities—that have emerged during the first year of the global pandemic. This introductory article brings together suggestions by and for Global Political Economy scholars, as well as social scientists more generally, for further researching key dynamics shaping the global political economy in the COVID-19 era as it keep...
The dynamic authority of prominent orthodox economists trained and based in the UK and USA are examined in this chapter. Esoteric discourses known as economese that long underpinned the pre-crisis expert identities of these professionals... more
The dynamic authority of prominent orthodox economists trained and based in the UK and USA are examined in this chapter. Esoteric discourses known as economese that long underpinned the pre-crisis expert identities of these professionals became widely challenged in the 2007–8 global financial crisis. Discontinuities then occurred in the discursive emphases of leading “centrist” economists like Andrew Haldane, Raghuram Rajan, and Robert Shiller; leading “right-wing,” conservative economists Alan Greenspan, Gregory Mankiw, Kenneth Rogoff, and Robert Lucas Jr.; as well as more progressive, “left-wing” economists Joseph Stiglitz, Lawrence Summers, and Paul Krugman. The shift from neutral, value-free economese to explicitly moral economese stressed previously overlooked macro-level ethical issues and culminated in subtle yet overlooked attempts to re-legitimate the power of these professionals after the crisis.
In this interview, Tony Porter discusses conceptualizations of technologies and their usefulness in understanding the development of international industries, systems of accountability, as well as in overcoming public-private and... more
In this interview, Tony Porter discusses conceptualizations of technologies and their usefulness in understanding the development of international industries, systems of accountability, as well as in overcoming public-private and constructivist-rationalist dichotomies. The interview also discusses the incorporation of Actor–Network Theory in IR and IPE, as well as the governance roles of digital technologies such as Big Data and their associated algorithms.
w/ Guillaume Beaumier, Kevin Kalomeni, Malcolm Campbell‐Verduyn, Marc Lenglet, Serena Natile, Marielle Papin, Arthur Silve, Falin Zhang
This article extends the concept of regulatory capture to a prominent element of responses to the 2007-8 global financial crisis that has been overlooked in political science: the out-of-court settlements undertaken between regulators and... more
This article extends the concept of regulatory capture to a prominent element of responses to the 2007-8 global financial crisis that has been overlooked in political science: the out-of-court settlements undertaken between regulators and financial firms. In outsourcing accountability to markets and diverging from previous crisis responses, these billion dollar agreements have remained highly controversial. How have financial regulators sought to legitimate this novel approach to post-crisis accountability? Contrasting material and cognitive conceptions of regulatory capture, I illustrate how American financial regulators have persistently prioritized market values in self-legitimating post-crisis financial accountability. Inconsistencies in the stress on transparency and growth, however, are shown to undermine the wider legitimation of this market-based approach. These limits underpin the scepticism with which post-crisis settlements have been received, as well as to the broader sense that accountability for the most severe period of volatility since the Great Depression has remained lacking.
ABSTRACT
This commentary identifies a key dilemma in immediate responses to the COVID-19 pandemic: the persistent foregrounding of digital technologies as 'silver bullet' solutions to overcoming tensions between surveillance and privacy. It... more
This commentary identifies a key dilemma in immediate responses to the COVID-19 pandemic: the persistent foregrounding of digital technologies as 'silver bullet' solutions to overcoming tensions between surveillance and privacy. It illustrates the pandemic technosolutionist dilemma by pointing to global efforts to harness blockchain technologies for 'squaring the circle' between privacy and surveillance. It then concludes that further investigating the persistence and possible inevitability of this dilemma requires overcoming solitudes both within International Political Economy and between IPE and interdisciplines such surveillance studies.
How can we understand the progressive, piecemeal emergence of global digital identity governance? Examining the activities of the Financial Action Task Force (FATF)-an intergovernmental organization at the center of global anti-money... more
How can we understand the progressive, piecemeal emergence of global digital identity governance? Examining the activities of the Financial Action Task Force (FATF)-an intergovernmental organization at the center of global anti-money laundering and counterthe-financing of terrorism governance-this paper advances a twofold argument. First, the FATF shapes how, where and who is involved in developing key standards of acceptability underpinning digital identity governance in blockchain activities. While not itself directly involved in the actual coding of blockchain protocols, the FATF influences the location and type of centralized modes of control over digital identity governance. Drawing on the notion of protocological control from media studies, we illustrate how centralized control emerging in global digital identity governance emanates from the global governance of financial flows long considered by international organizations like the FATF. Second, we suggest that governance by blockchains persistently shapes the ability of the FATF to stem illicit international financial flows. In highlighting both the influence of FATF on blockchain governance and blockchain governance on the FATF, we draw together two strands of literature that have been considered separately in an analysis of the formal, financial and fraught route to global digital identity governance.
The COVID-19 pandemic is not merely an epidemiological phenomenon, but a set of global crises intertwined with political and economic processes in manifold ways. This collection brings together fifteen contributions from the... more
The COVID-19 pandemic is not merely an epidemiological phenomenon, but a set of global crises intertwined with political and economic processes in manifold ways. This collection brings together fifteen contributions from the interdiscipline of Global Political Economy reflecting on origins, implications and responses during the first year of the global pandemic.
How do applications of emergent technologies contribute to the social legitimacy of finance? To address this question, we examine a set of technologies that have received increasing industry, media, and scholarly attention over the past... more
How do applications of emergent technologies contribute to the social legitimacy of finance? To address this question, we examine a set of technologies that have received increasing industry, media, and scholarly attention over the past decade: blockchains. Harnessing the concepts of ‘moral economy’ and ‘scandal’, we identify both possibilities and limits for blockchain applications to legitimate a range of monetary and investment activities. However, we also find that a persistent individualisation of responsibility for failures and shortcomings with ‘live’ blockchain experimentation has undermined the potentially legitimating aspects of this technology. Combining a reliance on technological fixes with a persistent individualist moral economy, we conclude, works against efforts to confront head-on the tensions underpinning the on-going legitimacy crises facing finance.
As Covid-19 disrupts political and economic arrangements around the world, International Political Economy (IPE) is uniquely positioned to reflect on the pandemic’s global economic and financial impact. To explore what IPE research can... more
As Covid-19 disrupts political and economic arrangements around the world, International Political Economy (IPE) is uniquely positioned to reflect on the pandemic’s global economic and financial impact. To explore what IPE research can bring to the table, we situate state and market crisis responses within patterns of continuity and change in core structures of the international political economy as well as developments in everyday life. Spanning themes from the role of industrial animal farming and global value chains in spreading the virus to how the pandemic affects foreign aid, the politics of IMF aid disbursements, distributional conflicts within the European Union and surveillance capitalism, we outline research agendas for scholars and students of International Relations and International Political Economy to examine the origins, spread and responses to Covid-19 in years to come.
--->Additional co-authors: Nick Bernards (Univ. of Warwick), Moritz Huetten (Darmstadt Business School), Tony Porter (McMaster University), Bernhard Reinsberg (University of Glasgow) Solutions to global sustainability challenges are... more
--->Additional co-authors: Nick Bernards (Univ. of Warwick), Moritz Huetten (Darmstadt Business School), Tony Porter (McMaster University), Bernhard Reinsberg (University of Glasgow)

Solutions to global sustainability challenges are increasingly technology‐intensive. Yet, technologies are neither developed nor applied to governance problems in a socio‐political vacuum. Despite aspirations to provide novel solutions to current sustainability governance challenges, many technology‐centred projects, pilots and plans remain implicated in longer‐standing global governance trends shaping the possibilities for success in often under‐recognized ways. This article identifies three overlapping contexts within which technology‐led efforts to address sustainability challenges are evolving, highlighting the growing roles of: (1) private actors; (2) experimentalism; and (3) informality. The confluence of these interconnected trends illuminates an important yet often under‐recognized paradox: that the use of technology in multi‐stakeholder initiatives tends to reduce rather than expand the set of actors, enhancing instead of reducing challenges to participation and transparency, and reinforcing rather than transforming existing forms of power relations. Without recognizing and attempting to address these limits, technology‐led multi‐stakeholder initiatives will remain less effective in addressing the complexity and uncertainty surrounding global sustainability governance. We provide pathways for interrogating the ways that novel technologies are being harnessed to address long‐standing global sustainability issues in manners that foreground key ethical, social and political considerations and the contexts in which they are evolving.
An increasingly lamented consequence of re-regulatory efforts following the 2007-8 global financial crisis has been ‘de-risking’ - the increasing disengagement by banks and other financial institutions with markets perceived as posing... more
An increasingly lamented consequence of re-regulatory efforts following the 2007-8 global financial crisis has been ‘de-risking’ - the increasing disengagement by banks and other financial institutions with markets perceived as posing greater risks than justified by potential profits. As banks based in the Global North have moved to withdraw financial services from many emerging economies, de-risking has attracted attention for undermining financial inclusion and developmental efforts. Novel technologies are being harnessed to address this problem, including applications of blockchain, the digital ledgers of transactions originally underpinning crypto-currencies. Contributing to IR theorizing of legitimacy and building on anthropologist Bill Maurer’s claim that blockchain applications may ‘re-risk in realtime’, this article illustrates how technology-based de-risking efforts that seek to attend to the perceptions of foreign financiers can undermine the legitimacy of financial inclusion projects. Contrasting unfolding blockchain-based financial inclusion initiatives in two regions of small states in the Eastern Caribbean and Eastern Europe, our analysis stresses the need for greater local participation and clearer distribution of benefits from finance and technology (fintech) centred forms of digital development.
How do applications of emergent technologies contribute to the social legitimacy of finance? To address this question, we examine a set of technologies that have received increasing industry, media, and scholarly attention over the past... more
How do applications of emergent technologies contribute to the social legitimacy of finance? To address this question, we examine a set of technologies that have received increasing industry, media, and scholarly attention over the past decade: blockchains. Harnessing the concepts of ‘moral economy’ and ‘scandal’, we identify both possibilities and limits for blockchain applications to legitimate a range of monetary and investment activities. However, we also find that a persistent individualisation of responsibility for failures and shortcomings with ‘live’ blockchain experimentation has undermined the potentially legitimating aspects of this technology. Combining a reliance on technological fixes with a persistent individualist moral economy, we conclude, works against efforts to confront head-on the tensions underpinning the on-going legitimacy crises facing finance.
This special section shifts analytical attention onto efforts undertaken by dispersed sets of actors operating in online communities to mobilize a novel internet‐based technology that mysteriously appeared at the height of market... more
This special section shifts analytical attention onto efforts undertaken by dispersed sets of actors operating in online communities to mobilize a novel internet‐based technology that mysteriously appeared at the height of market volatility in 2008. Applications of blockchain technologies and the challenges presented to longstanding patterns of financial globalization are analysed by a group of scholars with backgrounds in anthropology, political science and sociology. This introductory article first elaborates what blockchain technologies consist of before foreshadowing the insights that the following interdisciplinary investigations yield for comprehending the implications that technological changes pose for global finance specifically and globalization more generally.
Blockchains are decentralized databases of digital transactions undertaken and verified by quasi-anonymous users interacting in peer-to-peer networks. This chapter traces the agency exercised by this technology, as well as that of its... more
Blockchains are decentralized databases of digital transactions undertaken and verified by quasi-anonymous users interacting in peer-to-peer networks. This chapter traces the agency exercised by this technology, as well as that of its human users in co-producing authority in global governance. Drawing on a Social Construction of Technology approach, the main argument advanced is that parallel forms of human and techno-agency have provided enabling conditions for extensions of liberal market governance modalities in the wake the 2007-8 global financial crisis. Highlighting dynamic relationships between authority, governance and technology, this chapter enhances IR understanding of patterns of agency at two registers of 'the international': the global economy, particularly global finance, and its governance, specifically in its Anglo-American financial heartland.
Amid escalating claims about the promises and perils of emergent financial technologies (fintech), critical investigation of the extent to which specific technological changes in global finance are truly ‘disruptive’ is sorely needed.... more
Amid escalating claims about the promises and perils of emergent financial technologies (fintech), critical investigation of the extent to which specific technological changes in global finance are truly ‘disruptive’ is sorely needed. Yet, IPE has engaged little with the growing focus on fintech in popular and regulatory debates, as well as in Social Studies of Finance (SSF). This article and accompanying special issue foreground ‘infrastructures’ as a heuristic for injecting nuance into debates on the emergence, limits and implications of technological changes in global finance while bringing IPE into conversation with perspectives on fintech in cognate literatures. Building on insights developed in Science and Technology Studies (STS), we argue that tracing the ways in which infrastructures enabling financial markets to operate are assembled out of multiple old and new socio-technical devices offers productive avenues for addressing key questions arising from several entanglements underpinning technological change. The findings of contributions to this special issue are linked to two key themes in debates on the impacts of technological change: financial inclusion and financial stability. Further avenues are proposed for examining the infrastructures in which technological change occurs in global finance and beyond, while fostering on-going dialogues between IPE, STS and SSF.
IPE has usefully identified numerous contributors to financial crises. Considerably less attention however has been granted to the roles of financial infrastructures, considered in this special issue as the socio-technical systems... more
IPE has usefully identified numerous contributors to financial crises. Considerably less attention however has been granted to the roles of financial infrastructures, considered in this special issue as the socio-technical systems enabling basic yet crucial financial functions to be carried out, but that tend to be taken for granted and assumed. This article argues that vulnerabilities in information flows enabled through connections between globally dispersed human actors and non-human objects have shaped the types of events triggering crises, how such periods of instability unfold, and their eventual resolution. Building on insights from actor-network theory, we illustrate how fault lines in ‘long chains’ of financial information conditioned three financial earthquakes between the 1980s and the present. Our analysis bridges insights from accounts that tend to separately emphasize material and ideational roots of crises. It also points to the importance of supplementing the stress on quantitative indicators with efforts to identify and address vulnerabilities in the quality of connections between disparate actors and objects that enable or disrupt flows of information facilitating global financial markets.
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Crypto-coins (CCs) like Bitcoin are digitally encrypted tokens traded in peer-to-peer networks whose money laundering potential has attracted the attention of regulators, firms and the wider public worldwide. This article assesses the... more
Crypto-coins (CCs) like Bitcoin are digitally encrypted tokens traded in peer-to-peer networks whose money laundering potential has attracted the attention of regulators, firms and the wider public worldwide. This article assesses the effectiveness of the global anti-money laundering regime in balancing both the challenges and opportunities presented by these novel ‘altcoins’. Two main arguments are advanced. First, the implications that crypto-coins presently pose for global anti-money laundering efforts stem less from the threats of their illicit uses as digital currencies and more from the opportunities presented by their underlying blockchain technologies. Second, despite several shortcomings, the risk-based approach pursued by the Financial Action Task Force (FATF) strikes an effective balance between the existing threats and opportunities that crypto-coins currently present. Rather than a conclusive evaluation however this article stresses the need for continual monitoring and investigation of the wider ethical implications raised by CCs for global efforts to combat money laundering in an era of rapid technological change.
Blockchains combine digital encryption and time stamping technologies to enable digital exchange to occur in manners celebrated by proponents as a 'trust-free'. Yet, an increasing range of scholars argues that actual applications of the... more
Blockchains combine digital encryption and time stamping technologies to enable digital exchange to occur in manners celebrated by proponents as a 'trust-free'. Yet, an increasing range of scholars argues that actual applications of the peer-to-peer technology shifts rather than eliminates trust. This article draws on organizational theory in arguing that efforts to remove trust reorganize action nets underpinning payment systems in manners that extend rather than eliminate longstanding pathologies afflicting financial globalization. Our analysis supports and extends critiques that blockchain applications are far from 'trust-free' by tracing how efforts to reconfigure the socio-technical composition of humans and objects underpinning payment systems shift the location and character of technical vulnerabilities contributing to market instabilities and concentration, as well as elite-led governance.
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This chapter bridges existing GPE and global governance literatures on technology with existing scholarship on Bitcoin, crypto-coins (CCs) and blockchains. The case is made for including but also moving technical, legalistic, and... more
This chapter bridges existing GPE and global governance literatures on technology with existing scholarship on Bitcoin, crypto-coins (CCs) and blockchains. The case is made for including but also moving technical, legalistic, and economistic analysis to scrutinize the implications Bitcoin, CCs and blockchains pose for the governance of the global political economy from wider social science perspectives. The main framing questions of the volume are introduced while the structure and main arguments of each chapter are outlined.
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This chapter navigates between technological and social determinism in illustrate the mutually constitutive relationships between blockchains and global anti-money laundering governance. We question both directions of " loss of control "... more
This chapter navigates between technological and social determinism in illustrate the mutually constitutive relationships between blockchains and global anti-money laundering governance. We question both directions of " loss of control " perspectives that regard global governance as subject to the predetermined trajectories of technological change and the interactions between key actors underpinning global governance as operating separately from a wider socio-technical environment. Drawing on constructivist GPE studies emphasising the roles of technologies in international regimes, as well as media reports and the budding interdisciplinary literature on blockchains, we stress the unexpected and often-underappreciated manners in which even emergent technologies impact governance practices that in turn impact the evolution of these technologies. First, we illustrate how the technical features of blockchain technologies shape and constrain governance the international anti-money laundering regime. In a second step, we illustrate how the responses of this regime have in turn shaped and constrained the evolution of this set of emergent technologies. Taken together, these arguments provide a nuanced understanding of the mutual constitution of emergent technologies and global governance that might also be understood as 'dialectical'.
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This chapter reviews the main findings of the volume to highlight the main challenges and opportunities for global governance provided that applications of emergent technologies like blockchains provide. In returning to the framing... more
This chapter reviews the main findings of the volume to highlight the main challenges and opportunities for global governance provided that applications of emergent technologies like blockchains provide. In returning to the framing questions of the volume, theoretical and empirical implications are drawn out along with avenues for future research directions on these and other areas of technological change in the global political economy.
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Although an important contribution to the IR norms literature, emphasis on norm antipreneurs as opponents of norm entrepreneurs risks overlooking forms of agency exercised by actors that fall in-between these two categories. This chapter... more
Although an important contribution to the IR norms literature, emphasis on norm antipreneurs as opponents of norm entrepreneurs risks overlooking forms of agency exercised by actors that fall in-between these two categories. This chapter therefore conceptualises agency as dynamically as norms themselves have come to be understood.
This article extends the concept of regulatory capture to a prominent element of responses to the 2007-8 global financial crisis that has been overlooked in political science: the out-of-court settlements undertaken between regulators and... more
This article extends the concept of regulatory capture to a prominent element of responses to the 2007-8 global financial crisis that has been overlooked in political science: the out-of-court settlements undertaken between regulators and financial firms. In outsourcing accountability to markets and diverging from previous crisis responses, these billion dollar agreements have remained highly controversial. How have financial regulators sought to legitimate this novel approach to post-crisis accountability? Contrasting material and cognitive conceptions of regulatory capture, I illustrate how American financial regulators have persistently prioritized market values in self-legitimating post-crisis financial accountability. Inconsistencies in the stress on transparency and growth, however, are shown to undermine the wider legitimation of this market-based approach. These limits underpin the scepticism with which post-crisis settlements have been received, as well as to the broader sense that accountability for the most severe period of volatility since the Great Depression has remained lacking.

And 9 more

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Office Hours: To be confirmed Course Description This course builds on themes introduced in Global Political Economy 1: History and Theory (POL 361 H1 F). It focuses on contemporary aspects of global economic governance, such as, capital... more
Office Hours: To be confirmed Course Description This course builds on themes introduced in Global Political Economy 1: History and Theory (POL 361 H1 F). It focuses on contemporary aspects of global economic governance, such as, capital flows, development, the environment, migration, and trade amongst others. Competing methods for analyzing the background and implications of regulatory and everyday policies are introduced. Students will carry out their own policy analysis in a term long group research project. Although part of the political science curriculum, the content covered is relevant to students of business and economics, sociology and history, amongst others. A grounding in international relations (POL 208 or equivalent) and familiarity with basic principles of economics (ECO 100 or 105 or equivalent) are prerequisites. The course is organized in the lecture and discussion format around required readings.
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Contribution to International Political Economy of Everyday Life, an online introductory teaching resource coordinated by the University of Warwick.
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International Political Economy traditionally bridges International Economics and International Relations (IR). Key thinkers informing the conventional perspectives of the interdiscipline such as Marx, Ricardo, and Smith considered... more
International Political Economy traditionally bridges International Economics and International Relations (IR). Key thinkers informing the conventional perspectives of the interdiscipline such as Marx, Ricardo, and Smith considered themselves moral philosophers rather than economists, or even political scientists. The canonical tomes of these thinkers were written in a pre-disciplinary age, prior to the advent of more specialized academic disciplines like economics and political science. Today, IPE scholars continue to bridge these and other disciplinary divides. This course examines recent IPE scholarship drawing theoretical inspiration from and analyzing empirical trends that have come to be associated with Anthropology, Geography, History, Philosophy and Sociology, as well as Computer Science, Cultural Studies, Gender Studies, Labour studies, and Legal Studies. Students consider the extent to which recent interdisciplinary efforts contribute novel insights into key issues and processes traditionally considered in IPE, such as authority, development, distribution, governance, and power. In weekly course contributions and a term paper, students will assess how 'new' interdisciplinary approaches in fact are, how relevant these approaches are, and whether the intersection of economics and IR is sufficient for understanding contemporary issues in finance, production, and trade, amongst others. In doing so, students will contemplate what IPE is, what it is not, and what it might be.
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A widely held misconception is that global issues are either political or economic in nature. With their separate discussions of business and politics media commentary encourage such divisions. This course challenges the separation of... more
A widely held misconception is that global issues are either political or economic in nature. With their separate discussions of business and politics media commentary encourage such divisions. This course challenges the separation of global politics and international economics. We explore economic aspects of politics and political aspects of economics within and beyond nation-states. We begin by situating the field of Global Political Economy as distinct from International Relations and International Economics. We then explore several theoretical approaches to understanding the global political economy. Subsequent classes survey the history of key issues related to development and environment before turning to production, labour, trade, and finance. We conclude by contemplating the governance of the global political economy and its possible future directions. The course emphasises a theoretically and historically-informed understanding of the development, functioning, and trajectory of the global political economy. It will prepare students to excel in Global Political Economy II: Policy and Analysis (POL 361 H1 F), which explores several contemporary issues in more depth. Although part of the political science curriculum, the content covered is relevant to students of anthropology, business and economics, geography, history, philosophy, and sociology, amongst others. A grounding in international relations (POL 208 or equivalent) and familiarity with basic principles of economics (ECO 100 or 105 or equivalent) are prerequisites. The course is organized in both lecture and discussion format with reflections on required readings to be submitted weekly. Course Intended Learning Outcomes: Upon successful completion of this course you will: 1. Have gained an appreciation of the political dimensions of global economic issues as well as the economic dimensions of political issues beyond, within and across nation-states.
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The second half of this course examines further themes and issues in global politics through a variety of perspectives.
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This volume brings scholars of anthropology, economics, Science and Technology Studies, and sociology together with GPE scholars in assessing the actual implications posed by Bitcoin and blockchains for contemporary global governance. Its... more
This volume brings scholars of anthropology, economics, Science and Technology Studies, and sociology together with GPE scholars in assessing the actual implications posed by Bitcoin and blockchains for contemporary global governance. Its interdisciplinary contributions provide academics, policymakers, industry practitioners and the general public with more nuanced understandings of technological change in the changing character of governance within and across the borders of nation-states.
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This book challenges amoral views of finance as the leading realm in which mammon – wealth and profit – is pursued with little overt regard for morality. The author details an enhanced ethical emphasis by leading Anglo–American... more
This book challenges amoral views of finance as the leading realm in which mammon – wealth and profit – is pursued with little overt regard for morality. The author details an enhanced ethical emphasis by leading Anglo–American professionals in the aftermath of the 2007–8 global financial crisis. Instead of merely stressing expert knowledge, professionals sought to overcome the alleged impossibility of serving “two masters” – mammon and God – by embracing religious finance, socio-economic inequality, sustainability and other overtly moral issues. Continuities in liberal values and ideas, however, limited the impact of this enhanced ethical emphasis to restoring the professional authority, as well as to more fundamentally reforming of Anglo–American finance following the most severe period of instability since the Great Depression. Providing a nuanced account of post-crisis change and continuity in a crucially important industry, Campbell-Verduyn advances a dynamic, process-based understanding of authority that will appeal to international political economists and sociologists alike.
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