Abstract We might be tempted to view the recent efforts by political leaders to cultivate certain convenient forms of economic ignorance as characteristic of a novel ‘post-truth’ age. This article suggests instead that we take this troubling trend as an invitation to examine the role of ignorance more generally in political economic thinking and practice. Whereas many scholars have treated uncertainty

Abstract The housing booms and busts in Ireland and Spain were among the most striking episodes of the Eurozone crisis. While asset price inflation and financialization of housing was gathering pace across the developed world, these two ‘most different’ cases converged on the same outcome as the most extreme forms of construction-based bubbles. The key contributions of this paper are threefold. Firstly

Abstract This article examines hidden costs of three prominent mineral supply chain ‘solutions’ that respectively aim to create ‘conflict-free’ minerals, curtail corruption, and reduce mercury pollution. Our analysis underscores the heterogeneous ways in which global capitalism shapes regulatory injustices spanning multiple scales, illustrating how ‘clean’ mineral supply chain schemes can hide inequitable

Abstract The growth models perspective analyzes the role of social blocs in crafting countries’ economic policies, but its treatment of business power as purely structural prevents it from addressing an important question in the politics of digital transformation: How have new sectors with miniscule economic footprints been able to influence economic policy? This article explores how tech and venture

Abstract Feminist political economy has illuminated the gendered dimensions of the globalisation of production. Whilst this literature provides essential insights on gendered exploitation in export-oriented industries, women’s work in localised labour markets in the Global South remains underexplored. This paper seeks to address this gap by putting into dialogue three bodies of literature – feminist

Abstract There are two main political economy explanations of the Eurocrisis. The labor market view regards cross-country differences in wage bargaining institutions as the root cause of the crisis. The finance view, instead, emphasizes cross-border financial flows and downplays labor market institutions. For the first time, we attempt to assess these two explanations jointly. We find that financial

Abstract How can we better understand how changes in global economic governance since the global financial crisis are gendered? In response to pleas for gender research that moves away from ‘somewhat stifling critiques of co-optation’ and the ‘dichotomization of co-optation and resistance’, this article ‘studies up’ to answer unresolved questions about ‘how feminist agendas have been absorbed into

(2021). Strengthening RIPE’s commitment to equality, diversity, and inclusion in our field. Review of International Political Economy: Vol. 28, No. 1, pp. 1-6.

(2021). RIPE 2020 diversity statement. Review of International Political Economy: Vol. 28, No. 1, pp. 7-10.

Abstract The COVID-19 pandemic has exposed massive failures of governance at the global and national levels. Global health governance failed rapidly, with action quickly becoming nationally based, uncoordinated, and often zero-sum. However, domestic health governance also often fared very poorly, even in some of the wealthiest countries, which were ostensibly best-prepared to deal with a pandemic.

Abstract Why do governments compete for investment through tax incentives when there is strong evidence that such packages are inconsequential to the locational decisions of foreign firms? Previous scholarship has attributed pro-business policies such as investment incentives to factors including the structural power of business in an era of international capital mobility, fiscal competition generated

Abstract Commodity trading firms occupy a central position in global supply chains and their activities have been associated with financial instability, social upheaval and manifold forms of ecological devastation. This paper examines these companies in the context of debates regarding corporate financialization. We find that since the 2003–2011 commodity boom, trading firms have become less financialized

Abstract This article uncovers the crisis of social reproduction in Occupied Palestine in the context of severe economic and political turmoil by specifically highlighting the ways in which impacts have been felt differently by men and women. It does so by considering the interactions of production and reproduction. The article confirms that, as a result of economic hardship, women, particularly married

Abstract Social reproduction and women’s unpaid reproductive labour are integral both to capitalist production and class relations, and to international and national political economies. Based on an original theoretical framework that combines a Thompsonian historical materialist class approach, a Marxist-feminist social reproduction approach and a feminist political economy approach to the everyday

Abstract Since the early 2000s transnational surrogacy has emerged as a new capitalist frontier founded on the intensification of the commodification of women’s reproductive labours, bodies and biologies. This has resulted in academic and policy debates on whether to outlaw surrogacy altogether or to ban commercial surrogacy in favour of altruistic forms of surrogacy. Rather than tackling surrogacy

Abstract The material conditions in which women provide breast milk range widely, on the basis of their class and geographical provenance. The commercialisation of breast milk provision throws up questions related to debates on the transnational reconfiguration of social reproduction as they intersect with discourses on motherhood and healthy child development as well as contemporary processes of commodification

Abstract This article explores ‘time’ as a crucial category of analysis shaping and shaped by the dynamics of exploitation and social reproduction across the global assembly line. Focusing on the Indian garment industry, the article develops a feminist political economy of time stressing the productive and reproductive temporalities of exploitation, which give rise to multiple forms of labour circulation

Abstract Global governance is widely perceived to be ‘gridlocked’, ‘unravelling’, and ‘unfit for purpose’. The legitimacy of old institutions is breaking down, yet new institutions struggle to establish themselves as viable alternatives. Though overlooked, global development governance is no exception. Heterogeneous development actors, approaches, and understandings increasingly characterize the field

Abstract One of the main objectives of EU trade policy is to establish wider protection for its regional specialty foods, known as Geographical Indications (GIs). In spite of US opposition, the EU has successfully considered additional protection for its GIs a red line in recent trade agreements. A key piece to the puzzle of this success is that whereas the literature has typically treated trade and

Abstract Forced displacement – the involuntary movement of people from their homes and livelihoods – has captured public attention through diverging discourses of humanitarianism and global xenophobia. 2.5 million asylum claims were lodged in the European Union (EU) in 2015–16 leading to national and region-wide strategies of border securitization. Refugee governance in the EU is marked by contradictory

Abstract This article argues that financial inclusion policy in Pakistan has been subsumed by the regulatory needs of the central bank, opening a divide between the ‘development approach’ of donors and the ‘regulatory approach’ of the central bank. This shift is identified in an emerging macro turn in central bank discourse and policy, which is steering the National Financial Inclusion Strategy away

Abstract Recent electoral successes for candidates with anti-globalization platforms highlight the need to understand globalization’s effects on voting behavior. To understand how globalization affects whether people vote, we posit that it is necessary to consider both globalization’s distributional effects on individuals and individuals’ beliefs about the general view of globalization among their

Abstract The dual emphasis on the benefits of global supply chain integration and private governance to address its ethical gaps have given prominence to an inclusive vision of chains which, this paper argues, drawing on the case of St. Vincent and the Grenadines (SVG), has been greatly exaggerated. In the post-war era, SVG built a successful banana industry under a preferential agreement with the

Abstract Dealing with uncertainty has become a matter of great concern for policy makers and scientific research in a world facing global, epochal and complex changes. But in essence, you cannot entirely predict the future. This article aims at conceptualizing the limits to anticipate the future – or what is often referred as the substitution of risk for uncertainty. In contrast to most theories examining

Abstract This article starts from the premise that International Political Economy (IPE) literature – with some notable exceptions – has a blind spot for the colonial and contested histories of financial infrastructures. Often considered to be the mere ‘plumbing’ of international finance, financial infrastructures instead are profoundly political and rooted in long-term colonial histories. To start

Abstract The encompassing scale and scope of International Political Economy (IPE) is rare in the social sciences. Our subject matter affects the way our field organizes and produces knowledge: we study complex overlapping systems where the challenges of adequate description and causal explanation are especially difficult, and as such IPE scholarship borrows from a vast range of social theory and methods

Abstract Political Economy is inundated with foundational dichotomies, which constitute central concepts in its theorizing. Feminist scholarship has problematized the gender subtext of these dichotomies and the resulting blind spots, including the positioning of women’s labour, processes of reproduction, and private households as marginal to the economy. The paper offers a reading of contemporary writings

Abstract In the wake of the global financial crisis of 2007–09, political economists have typically identified and interrogated speculative logics and credit-debt relations as the markers of financialized capitalism. This paper argues that assets, and the contingent processes which turn all manner of things into assets (i.e. ‘assetization’), can also be usefully foregrounded to understand the character

Abstract How are the tools that govern the world economy legitimated? Here we discuss how governance tools - such as policy scripts, templates, and benchmarks - are developed to contain particular types of knowledge. Such tools contain blueprints of how the world economy should work. Understanding how they are produced and legitimated is important if we are to comprehend how they replicate particular

Abstract The dynamics of climate change politics have thrown up two fundamental, and entirely contradictory, challenges for political economy in the last 10 years. On the one hand, the new science of ‘net zero emissions’ has produced a growing recognition that a world without fossil fuels is both absolutely necessary and utterly transformative. On the other hand, civilizational collapse (absolute declines

Abstract Which blind spots shape scholarship in International Political Economy (IPE)? That question animates the contributions to a double special issue—one in the Review of International Political Economy, and a companion one in New Political Economy. The global financial crisis had seemed to vindicate broad-ranging IPE perspectives at the expense of narrow economics theories. Yet the tumultuous

Abstract Standard accounts of the emergence of the modern global economic order posit its origins in the expansion of markets or in the changing nature of the social relations of capitalist production. Each fails to acknowledge the significance of colonial relations underpinning these processes, as formative of, and continuous with them. This is a consequence of the dominant understandings (across

Abstract A full understanding of the development and re-production of IPE is only possible with an appreciation of its disciplinary politics. This institutionalises four aspects of academic inquiry: (a) what is considered admissible work in the field, (b) how work should be conducted and where it should be published (c) where the field’s legitimate boundaries are, and (d) ‘external relations’ with

Abstract Macroeconomic statistics simultaneously shape and try to capture the political economy we study. Their biases mold social and political dynamics; they also infect academic and policy analysis. Political economy can both benefit from and advance an understanding of economic statistics as political artefacts. To help unlock that potential, this article builds on scholarship dispersed across

(2020). To the Memory of Wade Jacoby. Review of International Political Economy: Vol. 27, Special issue: Market integration and room for development in the peripheries. Guest Editors: László Bruszt and Julia Langbein, pp. 995-995.

Abstract This paper tackles one of the most recent issues in international and comparative political economy: the process of state financialization. Although research on global financial markets has revealed that states play a crucial role in private sector financialization, until recently, much less attention has been paid to state financialization itself. This includes both the measurement of cross-country

Abstract This paper makes an important and unique contribution to the Special Issue by problematizing the neglected role of law in the governance of global supply chains and the hidden costs resulting from this neglect. In Part I we argue that existing efforts within domestic and international law are ineffectual in holding transnational corporations accountable along their supply chains. The turn

Abstract Sustainability has become important in the operation of the global economy and its regulatory structure, leading significant shifts in the way powerful ‘lead firms’ in global value chains approach sustainability. In this paper, I argue that private, value chain-oriented forms of sustainability governance are not addressing the environmental problems they are putatively designed to solve. Through

Abstract Germany represents a new and unconventional actor in the field of energy foreign policy. Based on its reputation as an energy transition frontrunner, it is pursuing a soft power strategy aimed at promoting its Energiewende policy approach abroad. Germany’s bilateral energy partnerships, this paper argues, represent the government’s central policy instrument for this purpose. After a discussion

Abstract This article introduces a new interpretative lens to enrich our understanding of a relationship between small states’ economic security and the terms of multilateral governance. It seeks to shed light on the question: “What causes such changes in the details of multilateral agreements?” by establishing the causal pathways linking countries’ economic security with their institutional responses

Abstract This article systematically reviews trends in numerous economic policy indicators in eighteen OECD countries since the early 1980s, synthesizing findings about the fate of states’ economic interventionism from several customarily separate literatures. Rather than observing any paradigmatic policy shift, the review finds that policies with markedly different ideational foundations currently

Abstract Voluntary supply chain regulation has proliferated in recent decades in response to concerns about the social and environmental impacts of global production and trade. Yet the capacity of supply chain regulation to influence production practices on the ground has been persistently questioned. Through empirical analysis of transnational regulatory interventions in the Indonesian tin sector—centered

Abstract Artificial intelligence (AI) is set to greatly enhance the productivity and efficiency of global supply chains over the next decade. Transnational corporations are hailing these gains as a ‘game changer’ for advancing environmental sustainability. Yet, looking through a political economy lens, it is clear that AI is not advancing sustainability nearly as much as industry leaders are claiming

Abstract What explains the nature of a dominant state’s systemic crisis response? In the wake of the global financial crisis of 2008, the U.S. acted as the hegemon for the world economy, showing ‘benign’ leadership by serving as consumer, investor, and lender of last resort. During the euro crisis two years later, Germany played a rather different role, practicing a more ‘coercive’ form of rules-based

Abstract Over a third of international trade happens within, rather than between, corporations. This makes establishing transfer prices – the price of transactions within and between related corporations – pivotal, as it defines corporations’ tax bills. Tax authorities worldwide follow the OECD transfer pricing guidelines and its accompanying methods for taxing corporations. This despite the guidelines’

Abstract The last three decades have witnessed rising inequality and deepening financialization in post-industrial democracies. A rapidly growing literature has linked these two phenomena. We go beyond existing scholarship by specifying which aspects of financialization can be expected to increase inequality and where in the income distribution this effect will occur. We also show that this effect

Abstract Scholars of global governance tend to agree that international organizations (IOs) enjoy expert authority because they provide applicable specialist knowledge for policymaking. This view implies that IOs’ expert status rests more on the contents than the presentation of their knowledge. Integrating the sociological concept of ‘boundary work’ into a Goffmanian symbolic-dramaturgical perspective

Abstract In the wake of the financial crisis of 2007–2009, by means of a major Western state-led initiative in tax cooperation designed to eliminate tax evasion in the world, offshore financial centers were required to exchange information on bank accounts, first on request, then automatically. Even though all major offshore financial centers have agreed to the new tax standards, the emerging literature

Abstract This special issue leverages the variation across Europe to expand on the conceptualisation of and the empirical knowledge about finance and financialization. As we will show, focussing on Europe can offer a richer understanding of the reach of financialization than the prevalent focus on the Anglo-American world, with surprising insights that may be of more general relevance to other world

Abstract This article analyzes recent attempts to integrate the value of knowledge into global economic statistics. It outlines how emerging human capital accounting (HCA) standards apply concepts developed to value physical capital goods to the skills embodied in national populations, making its value dependent on lifetime labor market incomes. The intellectual legacy of neoclassical capital theory

Abstract The Great Financial Crisis ushered unorthodox financial policies that would have been unfathomable before 2008. Perhaps unexpectedly, some of the boldest measures on this unorthodox spectrum were adopted in semi-peripheral and therefore theoretically vulnerable countries such as some of the European Union’s new member states from East-Central Europe. Why did policy makers in some of these

Abstract This article examines the role of the mass media in shaping attitudes toward corporate tax avoidance. Using an original and novel survey experiment of the European Union’s ruling against Apple in Ireland, we find that media frames play an important role in shaping citizens attitudes. We find that respondents exposed to treatments questioning the morality and fairness of Ireland’s facilitation

Abstract This paper addresses the use of skills in multinational companies compared to domestic firms. It thus assesses the contribution of foreign direct investment to skill development as well as the potential for spillovers from multinational to domestic firms. It analyzes demand for skilled labor in Slovakia, a country that is characterized by a high degree of dependence on inward foreign investment

Abstract This paper aims to shed new light on the international dimension of monetary power by exploring currency policy as a systematic tool of settler colonialism. The latter is defined as a mode of domination whereby an exogenous hegemonic power aims to displace and dispossess the native society in order to establish a new permanent homeland. These arguments are developed by exploring the case of

Abstract The paper develops the concept of a rising invisible majority and explores the interconnections between the political economy context and the changing composition of European society. The concept illustrates how the transition from the Fordist to the neoliberal phase of capitalism is leading to a similar – if differently paced – transformation of the social composition across Europe. The material

Abstract Central to governance, comparison and evaluation—and evolving at the intersection of economic ideas, interests and institutions—official statistics are far from neutral artifacts in both the global north and south. This article investigates the case of South Africa. Building on primary sources and interviews, I distinguish between three periods in the history of the country’s official economic

Abstract Contemporary economics speaks about trade in the familiar abstractions of comparative advantage, tracing the modern formulation of the case for free trade made in terms of welfare maximization to late-Victorian economists like W. Stanley Jevons and Alfred Marshall. Though Jevons and Marshall did formalize theories that treat countries as if they are abstract individuals, a closer reading suggests

Abstract Diffusion, transfer and translation literatures assume that policy ideas are conceived exogenously, while domestic perspectives such as bricolage consider policy innovations as reactivated local ideas. Cases where foreign ideas do not shape local actors’ preferences, but still feature saliently in public discourse therefore appear in a conceptual blind spot. The paper develops a distinction

Abstract Most theoretical and empirical accounts of trade politics focus on political conflict among competing private interest groups and over policies between the dichotomy of trade liberalization and protectionism. This article challenges this conceptualization by arguing that issues of antitrust, market power, and competition are central to the politics over free trade, and that in this domain

Abstract In the context of the global financial crisis, remittances have become linked to t