Debates in International Political Economy / Edition 2

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Debates in International Political Economy organizes writings by leading scholars and practitioners into debates on current global economic issues.

Balancing how international controversies are talked about in academic literature and in the news, the diverse topics and selections in this reader broaden knowledge of international political economy and facilitate critical thinking. Debates in International Political Economy not only covers issues of contemporary and conceptual interest but also helps students take a position on economic affairs that affect their lives.

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Editorial Reviews

From the Publisher

“This reader provides an excellent point-counterpoint approach to critical issues in IPE today and offers excellent fodder for classroom debate and analysis.”–Strom Thacker, Boston University

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Product Details

  • ISBN-13: 9780205060610
  • Publisher: Pearson
  • Publication date: 3/4/2011
  • Edition description: New Edition
  • Edition number: 2
  • Pages: 400
  • Product dimensions: 6.00 (w) x 8.90 (h) x 0.90 (d)

Meet the Author

Thomas Oatley is Associate Professor of Political Science at the University of North Carolina at Chapel Hill.

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Table of Contents

* Selections new to the second edition.


Chapter 1. Geopolitical Change Threatens the Liberal Order vs. The Liberal Order Remains Robust

*Matthew J. Burrows and Jennifer Harris, “Revisiting the Future: Geopolitical Effects of the Financial Crisis”

*G. John Ikenberry, “The Liberal International Order and its Discontents”


Chapter 2. Trade Deficits Reduce Total Jobs v. Trade Deficits Produce Different Jobs

Robert E. Scott, “The China Trade Toll”

Douglas A. Irwin, “The Employment Rationale for Trade Protection”

Chapter 3. Retrain Workers v. Redistribute Income
Howard F. Rosen, “Strengthening Trade Adjustment Assistance”

Kenneth F. Scheve and Matthew J. Slaughter, “A New Deal for Globalization”

Chapter 4. Migration Brings Economic Gains v. Migration Reduces Cultural Cohesion

Philippe LeGrain, “The Case for Immigration”

Samuel P. Huntington, “The Hispanic Challenge”

Chapter 5. Free Trade Areas Are Stepping Stones v. Free Trade Areas Are Stumbling Blocks

Dan T. Griswold, “Free Trade Agreements: Steppingstones to a More Open World”

Jagdish Bhagwati, “Termites in the Trading System: How Preferential Agreements Undermine Free Trade”

Chapter 6. Restrict Trade to Support Climate Change Regime V. Don’t Restrict Trade to Support Climate Change

*Jeffrey A. Frankel, “Addressing the Leakage/Competitiveness Issue in Climate Change Policy Proposals”

*Jason E. Bordoff, “International Trade Law and the Economics of Climate Policy”


Chapter 7. Sweatshop Regulation Is Counterproductive v. Governments Must Regulate Sweatshops

Paul Krugman, “In Praise of Cheap Labor: Bad Jobs at Bad Wages are Better than No Jobs at All”

John Miller, “Why Economists Are Wrong About Sweatshops and the Anti-Sweatshop Movement”

Chapter 8. The MNC Race to the Bottom v. The Myth of the MNC Race to the Bottom

Debora Spar and David Yoffie, “Multinational Enterprises and the Prospects for Justice”

Daniel W. Drezner, “Bottom Feeders”

Chapter 9. Sovereign Wealth Funds Threaten U.S. Interests v. Sovereign Wealth Funds Do Not Threaten U.S. Interests

Gal Luft, “Sovereign Wealth Funds, Oil, and the New World Economic Order”

Edwin M. Truman, “The Rise of Sovereign Wealth Funds: Impacts on US Foreign Policy and Economic Interests”


Chapter 10. Markets Caused the Financial Crisis v. Too Much Government Intervention Caused the Financial Crisis

*Joseph Stiglitz, “The Anatomy of a Murder: Who Killed America’s Economy?”

*Lawrence H. White, “How Did We Get Into This Financial Mess?

Chapter 11. China Must Revalue to Correct Global Imbalances v. Chinese Revaluation Will Not Correct Global Imbalances

C. Fred Bergsten, “The Dollar and the Renminbi”

David D. Hale and Lyric Hughes Hale, “Reconsidering Revaluation: The Wrong Approach to the U.S.-Chinese Trade Imbalance”


Chapter 12. Trade Promotes Growth v. Trade Does Not Promote Growth

David Dollar and Aart Kraay, “Spreading the Wealth”

Dani Rodrik, “Trading in Illusions”

Chapter 13. Foreign Aid Promotes Development v. Foreign Aid is Ineffective

David Dollar, “Eyes Wide Open: On the Targeted Use of Foreign Aid”

William Easterly, “The Cartel of Good Intentions”

Chapter 14. Microfinance Accelerates Development V. Microfinance Cannot Meet Expectations

*Muhammed Yunus, “Poverty is a Threat to Peace”

*Karol Boudreaux and Tyler Cowen, “The Micromagic of Microcredit”


Chapter 15. The Beijing Consensus Will Replace the Washington Consensus V. The Myth of the Beijing Consensus

*Xin Li, Kjeld Erik Brodsgaard, and Michael Jacobsen, “Redefining Beijing Consensus: Ten Economic Principles”

*Scott Kennedy, “The Myth of the Beijing Consensus”

Chapter 16. Crisis Will Spark Fundamental Change V. The Future Will Look Like the Recent Past

*Roger C. Altman, “Globalization in Retreat”

*Niall Ferguson, “What Hath ‘Chimerica’ Wrought?”

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