Global Political Economy


Course Objective

• Acquire knowledge of and insight into the contemporary global
political economy, in particular how the contradictory process of
globalization reshapes the relationship between states and markets;
• Acquire an understanding of rival concepts and theories within
International Political Economy and their application to issues in
contemporary global political economy;
• Conduct research on a chosen issue in International Political Economy
and present the findings in academic writing (paper).

Course Content

This course offers students an introduction to the subject of
International Political Economy (IPE). Throughout, the course will be
guided by the question of to what extent, and how, the current process
of globalization is changing the relationship between states and
markets, between public regulation and the private economy, between
state and capital. Traditionally, IPE studies the relationship between
‘the economic’ and ‘the political’ within the interaction (patterns of
cooperation and conflict) between nation states. The global financial
and economic crisis of 2008 and beyond has made clear that this
state-centric perspective is no longer adequate. At the same time, the
crisis has also shown that states, although apparently vulnerable in the
face of global market forces, are also crucial when it comes to
protecting the workings of global capitalism. This shows that indeed the
relationship between states and markets is not a one-way street. In
other words, politics and policies are shaped by the interests and
activities of transnational (market) actors and by economic
globalization but the latter is also driven by politics, and shaped
(indeed enabled) by the policy choices that states make. It is from this
perspective that this course will examine the various approaches within
IPE, for example the historical evolution of the global political
economy; the globalization of production and the role of transnational
corporations; the international monetary system and the globalization of
finance; the global financial crisis and the eurozone crisis; the
political economy of development; the rise of China and other emerging
powers, and the political economy of energy and the environment.

Teaching Methods

Lectures and seminars

Method of Assessment

Written exam (50%), two individual written assignments (2 x 25%),
seminar assignments (pass/fail).

Entry Requirements

Mandatory courses PPE specialization track Political Science


David N. Balaam & Bradford Dillman, Introduction to International
Political Economy, 7th Edition. ISBN: 9781138206991.
Online articles and other readings (provided via Canvas).

Target Audience

Second-year PPE students

Additional Information

Please note that participation in the seminars is mandatory.

Custom Course Registration

There is a slightly different enrollment procedure for this module. The standard procedure of the Faculty of Humanities has students sign up for (i) the module, (ii) the form of tuition (lecture and/or preferred seminar group), and (iii) the exam. However, for this module the instructor will assign the students to the seminar groups. Therefore, students should sign up for (i) the module, (ii) lecture and (iii) the exam, but not for the seminar groups.

Recommended background knowledge

Mandatory courses PPE specialization track Political Science

General Information

Course Code W_JSM_214
Credits 6 EC
Period P5
Course Level 200
Language of Tuition English
Faculty Faculty of Humanities
Course Coordinator dr. P. Overeem
Examiner dr. P. Overeem
Teaching Staff prof. dr. E.B. van Apeldoorn

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture, Seminar*

*You cannot select a group yourself for this teaching method, you will be placed in a group.

Target audiences

This course is also available as: