Global Political Economy : Theory and Practice

Global Political Economy places the study of IPE in broad theoretical context, equally emphasizing theory and practice to provide a framework for analyzing current events and long-term developments in the global economy.

Andy Hira updates this essential book and the related students and instructor resources, to cover recent global developments and shifts in scholarship.

New and updated for the Ninth Edition

• Provides an economics primer on how markets, interest and exchange rates work, comparative advantage, and monetary and fiscal policy; and material on getting a job in political economy.

• Includes the basic tenets of realism.

• Expands coverage on China, including on bipolarity/U.S. relations, security-economic tradeoffs, Taiwan, the Belt and Road Initiative, and the failure of TPP.

• Discusses Russia’s invasion of Ukraine and builds on the material on sanctions.

• Investigates the effects of the pandemic, including post-pandemic inflation.

• Explores critical approaches to IR and different theoretical perspectives, and gives more weight to the Global South, including postcolonialism and intersectionality.

• Focuses more on climate change and the environment, technological advances, and migration.

• Adds material on club goods, cryptocurrencies, labour rights, global tax and offshoring, socially responsible investment, corporate social responsibility, the “Beijing Model,” the proposed global minimum tax; ASEAN, and the African Continental Free Trade Agreement.

• Updates the tables, figures, graphics, references, and supplementary readings throughout.

• Provides updated instructor resources including a Test Bank, PowerPoint slides, Exercises, and an Instructor’s Manual, and a new student website with practice quizzes, flashcards, lecture videos, and links to extensive additional resources including video, podcasts, readings, and data sources to support learning and engagement.

Praised for its authoritative coverage, Global Political Economy is essential reading for both introductory and advanced IPE courses.