This paper traces the development and structure of the global political economy. After first explaining why politics and economics and inextricably connected, the paper goes on detail how these processes have become global and what impact this is likely to have on states and markets. Introduction It has become something of a cliché to observe that we live in a time of increasing globalisation. ...

This article may be used for research, teaching, and private study purposes. Any substantial or systematic reproduction, redistribution, reselling, loan, sub-licensing, systematic supply, or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date...

It is often argued that additional constraints on redistribution such as granting veto power to more players in the society makes property better protected from expropriation. We use a legislative bargainingtype model to demonstrate that this intuition may be flawed. Increasing the number of veto players or raising the supermajority requirement for redistribution may reduce protection on the eq...

study on international political economy of two countries, sweden and norway, in international interactions allows us to examine political economy of these two countries as the case study for further understanding of macro patterns of international political economy.  thus, understanding the power of influence of international developments in two economic and political areas in internal relatio...

Ben Fine and Dimitris Milonakis have done political economy a great service by drawing attention to the insights lost in the twists, turns and reductions in the transition from political economy to economics. These two volumes constitute a solid foundation upon which a new generation can build a political economy for the future. This review presses some of their meta-theoretical arguments a lit...

The paper applies a transaction-focused institutional analysis to compare the value of political capital in different institutional domains of China’s market economy. Our results show that the value of political capital is associated with institutional domains of the economy in which agents can use political connections to secure advantages. Political capital is most fungible in institutional d...