Table Of ContentInternational Political Economy Series
Series Editor: Timothy M. Shaw, Visiting Professor, University of Massachusetts
Boston, USA and Emeritus Professor, University of London, UK
The global political economy is in flux as a series of cumulative crises impacts its
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An indispensable resource for scholars and researchers, the series examines a
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ties as the established trans-Atlantic North declines and ‘the rest’, especially the
BRICS, rise.
Titles include:
Yildiz Atasoy (editor)
GLOBAL ECONOMIC CRISIS AND THE POLITICS OF DIVERSITY
Eirikur Bergmann
ICELAND AND THE INTERNATIONAL FINANCIAL CRISIS
Boom, Bust and Recovery
Hany Besada and Shannon Kindornay (editors)
MULTILATERAL DEVELOPMENT COOPERATION IN A CHANGING
GLOBAL ORDER
Matthew Louis Bishop
THE POLITICAL ECONOMY OF CARIBBEAN DEVELOPMENT
Michael Breen
THE POLITICS OF IMF LENDING
Rachel K. Brickner (editor)
MIGRATION, GLOBALIZATION AND THE STATE
Benedicte Bull, Fulvio Castellacci and Yuri Kasahara
BUSINESS GROUPS AND TRANSNATIONAL CAPITALISM IN CENTRAL AMERICA
Economic and Political Strategies
Bonnie K. Campbell (editor)
MODES OF GOVERNANCE AND REVENUE FLOWS IN AFRICAN MINING
Lourdes Casanova and Julian Kassum
THE POLITICAL ECONOMY OF AN EMERGING GLOBAL POWER
In Search of the Brazil Dream
Bhumitra Chakma
SOUTH ASIA IN TRANSITION
Democracy, Political Economy and Security
Greig Charnock, Thomas Purcell and Ramon Ribera-Fumaz
THE LIMITS TO CAPITAL IN SPAIN
Crisis and Revolt in the European South
Daniel Daianu, Carlo D’Adda, Giorgio Basevi and Rajeesh Kumar (editors)
THE EUROZONE CRISIS AND THE FUTURE OF EUROPE
The Political Economy of Further Integration and Governance
Juanita Elias and Samanthi Gunawardana (editors)
THE GLOBAL POLITICAL ECONOMY OF THE HOUSEHOLD IN ASIA
Felipe Amin Filomeno
MONSANTO AND INTELLECTUAL PROPERTY IN SOUTH AMERICA
Vassilis K. Fouskas and Constantine Dimoulas
GREECE, FINANCIALIZATION AND THE EU
The Political Economy of Debt and Destruction
Martin Geiger and Antoine Pécoud (editors)
DISCIPLINING THE TRANSNATIONAL MOBILITY OF PEOPLE
Toni Haastrup and Yong-Soo Eun (editors)
REGIONALISING GLOBAL CRISES
The Financial Crisis and New Frontiers in Regional Governance
Kobena T. Hanson, Cristina D’Alessandro and Francis Owusu (editors)
MANAGING AFRICA’S NATURAL RESOURCES
Capacities for Development
Roshen Hendrickson
PROMOTING U.S. INVESTMENT IN SUB-SAHARAN AFRICA
Tony Heron
PATHWAYS FROM PREFERENTIAL TRADE
The Politics of Trade Adjustment in Africa, the Caribbean and Pacific
David J. Hornsby
RISK REGULATION, SCIENCE AND INTERESTS IN TRANSATLANTIC
TRADE CONFLICTS
Xiaoming Huang (editor)
MODERN ECONOMIC DEVELOPMENT IN JAPAN AND CHINA
Developmentalism, Capitalism and the World Economic System
Yang Jiang
CHINA’S POLICYMAKING FOR REGIONAL ECONOMIC COOPERATION
Caroline Kuzemko
THE ENERGY-SECURITY CLIMATE NEXUS
Institutional Change in Britain and Beyond
Laura Carsten Mahrenbach
THE TRADE POLICY OF EMERGING POWERS
Strategic Choices of Brazil and India
Andreas Nölke (editor)
MULTINATIONAL CORPORATIONS FROM EMERGING MARKETS
State Capitalism 3.0
Gopinath Pillai (editor)
THE POLITICAL ECONOMY OF SOUTH ASIAN DIASPORA
Patterns of Socio-Economic Influence
Gabriel Siles-Brügge
CONSTRUCTING EUROPEAN UNION TRADE POLICY
A Global Idea of Europe
Jewellord Singh and France Bourgouin (editors)
RESOURCE GOVERNANCE AND DEVELOPMENTAL STATES IN THE GLOBAL
SOUTH
Critical International Political Economy Perspectives
Gerard Strange
TOWARDS A NEW POLITICAL ECONOMY OF DEVELOPMENT
States and Regions in the Post-Neoliberal World
Leila Simona Talani
THE ARAB SPRING IN THE GLOBAL POLITICAL ECONOMY
Leila Simona Talani, Alexander Clarkson and Ramon Pachedo Pardo (editors)
DIRTY CITIES
Towards a Political Economy of the Underground in Global Cities
Monique Taylor
THE CHINESE STATE, OIL AND ENERGY SECURITY
Tan Tai Yong and Md Mizanur Rahman (editors)
DIASPORA ENGAGEMENT AND DEVELOPMENT IN SOUTH ASIA
Karen E. Young
THE POLITICAL ECONOMY OF ENERGY, FINANCE AND SECURITY IN THE
UNITED ARAB EMIRATES
Between the Majilis and the Market
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Basingstoke, Hampshire RG21 6XS, England
Towards a New Political
Economy of Development
States and Regions in the
Post-Neoliberal World
Gerard Strange
Reader, School of Social and Political Sciences, University of Lincoln, UK;
Adjunct Professor, Department of Political Science and International Relations,
University of Western Australia
© Gerard Strange 2014
Softcover reprint of the hardcover 1st edition 2014 978-1-137-27736-7
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work in accordance with the Copyright, Designs and Patents Act 1988.
First published 2014 by
PALGRAVE MACMILLAN
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registered in England, company number 785998, of Houndmills, Basingstoke,
Hampshire RG21 6XS.
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Palgrave® and Macmillan® are registered trademarks in the United States,
the United Kingdom, Europe and other countries.
ISBN 978-1-349-67047-5 ISBN 978-1-137-27737-4 (eBook)
DOI 10.1057/9781137277374
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Transferred to Digital Printing in 2015
Contents
Acknowledgements ix
List of Abbreviations and Acronyms x
Part I Globalisation, the New Developmentalism and
World Order Change: After Neoliberalism and Hegemony
1 Introduction: Globalisation, the Diffusion of Power and
the Post-Listian Developmentalist Turn – The Structural
Parameters of Contemporary World Order Change 3
2 Globalisation’s Impact on States, Strategies and
Accumulation Regimes: From Neoliberalism to
the New Keynesian Macroeconomics 13
Part II The Political Economy of China’s Post-Listian Rise:
State Developmentalism beyond Neomercantilism
3 Debating Contemporary Developmentalism and
the ‘China Model’: From Neomercantilism to
‘Gated’ Globalisation 41
4 Beyond the Gated Globe: China as a Post-Listian
Developmental State 63
Part III Post-Neoliberal South America: Between
National and Regional Neodevelopmentalism
5 The New Developmental Regionalism in Post-Neoliberal
South America 87
6 The Theoretical Contestation of Developmental
Regionalism in South America 112
7 National Neodevelopmentalist Models in South America 128
8 The Tensions, Contradictions and Possibilities of
the Liberal Neodevelopmentalist Model 152
Part IV The European Union and the Eurozone:
A Developmental Outlier in Crisis and Reform
9 The Political Economy of ‘Maastricht EMU’:
Depoliticisation and the German Model 175
vii
viii Contents
10 The French Model of European Monetary Union:
Sovereignty, the Eurozone Debt Crisis and the
Repoliticisation of the Euro 194
11 Conclusion: Developmentalist Globalisation,
US Decline and Post-Listian World Order 222
Notes 231
Bibliography 233
Index 249
Acknowledgements
This book attempts to further develop themes and ideas from some of
my more recent IPE publications. It also draws on ideas and materi-
als from undergraduate and postgraduate courses in IPE that I have
taught at the University of Lincoln, UK, and the University of Western
Australia. I would like to acknowledge the opportunities provided by
both institutions to develop my research and teaching interests in IPE.
I would also like to acknowledge the time and support provided by
the IPE series editors at Palgrave and the typesetting team at MPS.
Finally, the book’s production was made possible by the selfless support
provided by my partner, Jackie Strange. My special thanks are due to her.
ix
List of Abbreviations and
Acronyms
AC Andean Community
AFC Asian financial crisis
ALBA Bolivarian Alliance for the Peoples of Our Americas
ALBA-TCP People’s Trade Agreement
APEC Asia-Pacific Economic Cooperation
ARRA American Recovery and Reinvestment Act
ASEAN A ssociation of Southeast Asian Nations
ASEAN+3 Association of Southeast Asian Nations Plus China, Japan
and South Korea
BRICS Brazil, Russia, India, China, South Africa
CACM Central American Common Market
CCP Chinese Communist Party
CELAC Community of Latin American and Caribbean States
CEPAL La Comisión Económica para America Latina (United
Nations Economic Commission for Latin America and the
Caribbean)
ECB European Central Bank
ECLA Economic Commission for Latin America
ECLAC Economic Commission for Latin America and the
Caribbean
Ecofin Economic and Financial Affairs Council (of the European
Union)
ECU European Currency Unit
EFSF European Financial Stability Facility
EIB European Investment Bank
EIF European Investment Fund
EMU European Monetary Union
ERM Exchange Rate Mechanism
ESM European Stability Mechanism
EU European Union
x
