Global Political Economy


Course Objective

Knowledge and understanding – The student has acquired knowledge and
understanding of:
(1) the contemporary global political economy, in particular how the
contradictory process of globalization reshapes the relationship between
states and markets;
(2) rival concepts and theories within International Political Economy
and their application to issues in contemporary global political

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 to which 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 ‘political’ within the interaction of – patterns of co-
operation and conflict between – national states. If anything, 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 international political economy; 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


Method of Assessment

Written exam.


Balaam, D.N. and B. Dillman (eds). (2014). Introduction to International
Political Economy. Pearson New International Edition (Latest edition).
Harlow: Pearson Eduction.

Target Audience

2nd year bachelor students in Political Science; Students in the Minor
Political Science.
Also open as an elective course for VU-students and Exchange Students.

Recommended background knowledge

Some introductory-level knowledge of political science and
International Relations as well as of basic (macro-)economics is
recommended but relevant concepts will also be explained in class.

General Information

Course Code S_GPE
Credits 6 EC
Period P2
Course Level 300
Language of Tuition English
Faculty Faculty of Social Sciences
Course Coordinator dr. M. Hoijtink
Examiner dr. M. Hoijtink
Teaching Staff dr. M. Hoijtink
prof. dr. E.B. van Apeldoorn

Practical Information

You need to register for this course yourself

Teaching Methods Lecture
Target audiences

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