National and Market - (Second Edition)

Author: Strange
Publisher:
Publish Date: 2006-10-01
Features: Susan Strange provides an in-depth yet accessible introduction to the subject matter, scope, theoretical foundations, and major schools of thought in international economics in this book. She particularly highlights the distinction between relational power and structural power, employing a novel framework of four core structures (security, production, finance, and knowledge) and four subordinate structures (transportation, trade, energy, and welfare) to comprehensively explore the interplay between states and markets. This approach dissects the complex phenomena of the international political economy, striving to establish international political economy as an independent discipline in terms of concepts, methodologies, and issues. The book has made unique contributions to the development of international political economy, earning widespread acclaim from Western academia and becoming a preferred textbook for international political economy courses in many universities worldwide. Susan Strange is hailed as one of the "great international relations theorists of the 20th century" and is recognized as a founder of international political economy. In the brief history of international political economy, which spans less than 40 years, she stands as one of the three most distinguished Western scholars. She consistently regarded international political economy as a means to understand the world. In this book, she argues that power exists not only in relationships but also within structures. Structural power refers to the ability to shape the rules of the game in specific domains, and those who determine the rules also decide the processes and outcomes.