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Theoretical Engagements in Geopolitical Economy (Hardcover)
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Theoretical Engagements in Geopolitical Economy (Hardcover)
Series: Research in Political Economy
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This work advances geopolitical economy as a new approach to
understanding the evolution of the capitalist world order and its
21st century form of multipolarity. Neither can be explained by
recently dominant approaches such as 'U.S. hegemony' or
'globalization': they treat the world economy as a seamless whole
in which either no state matters or only one does. Today's 'BRICs'
and 'emerging economies' are only the latest instances of state-led
or combined development. Such development has a long history of
repeatedly challenging the unevenness of capitalism and the
international division of labour it created. It is this dialectic
of uneven and combined development, not markets or imperialism,
which has spread productive capacity around the world. It also
ensured that the 'hegemony' of the UK would end and attempts to
create that of the US would peter out into multipolarity. This two
part volume paves the way, advancing Geopolitical Economy as a new
approach to the study of international relations and international
political economy. They expose the theoretical limitations of the
latter in Part I and the analytical limitations in Part II.
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