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Susan Strange States And Markets Pdf [EXCLUSIVE] Download

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Susan Strange States And Markets Pdf [EXCLUSIVE] Download

keohanes (1993) theory of state-market relations, which he termed political economy, is an alternative to the realist view of the state as an autonomous actor in international politics. according to keohane (1993, 7), political economy has a firm theoretical grounding in the work of schumpeter and his successors, particularly kalecki. they argue that the system of state-market relations in which we find ourselves today is the product of a long history of conflict between states and markets. in other words, a number of historical developments have resulted in the current state-market relationship.

to achieve a better understanding of global political economy, we need to shift our focus from states to state-corporation relations. this is the main argument of strange, who highlights the key role that corporations play in the international political economy. using a theoretical framework that considers states as dependent on corporations, she argues that the evolution of state-corporation relations may lead to structural change in the international system. we agree with the core of strange theory. many have already stated that corporate power has been overlooked in the ir literature and a theoretical framework that acknowledges corporations as political actors is an important step towards a better understanding of global political economy. however, we need to be careful when it comes to structural change. the evolution of relations between states and corporations may lead to changes in the balance of power between states and corporations, or changes in the relative power of corporations and states. if these changes alter the distribution of power between states and corporations, they may lead to the creation of a new political equilibrium. in some cases, these changes may be associated with one-sided liberalisation processes that benefit only certain types of firms. for example, the rise of large firms, which have larger capital than most others, may be related to the growing power of certain corporations (called monopolies or oligopolies) in the international system. both liberalisation and increasing power of corporations at the international level can lead to two possible outcomes: 3d9ccd7d82

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