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Cover I-PEEL: The International Political Economy of Everyday Life

10. Conclusion  

This concluding chapter summarizes the key aspects of international political economy (IPE). IPE can be described as the study of global systems of production, exchange, and distribution, with a view to understanding what these mean for the basic values of wealth, security, freedom, and justice. This book connects this academic field and its animating questions to everyday life. Alongside states and markets, it looks at households as important sites of power. Alongside production, exchange, and distribution, it also considers the contested economic sphere of consumption. Using the I-PEEL approach, the book takes everyday objects and economic practices as both entry points into IPE and things to be studied in themselves. The chapter then demonstrates the process of creating I-PEEL tiles, highlighting the merits of the I-PEEL approach in studying global capitalism.

Chapter

Cover I-PEEL: The International Political Economy of Everyday Life

8. Share  

This chapter studies the relatively new topic of sharing economy in international political economy (IPE), describing the concepts of marketization of everyday life, the gig economy, and platform capitalism. It begins by looking at ride-sharing, which is an increasingly popular means of transport that constitutes a significant sector in the for-profit sharing economy. Using the Indonesian ride-hailing company Gojek as an example, the chapter draws out fundamental tensions between solidarity and exploitation that underpin processes of marketization in the sharing economy. It then examines different forms of economic organization and their historical lineages. The different principles that can structure economic exchange include householding, reciprocity, redistribution, and the market. Finally, the chapter evaluates for-profit and not-for-profit dimensions of the sharing economy using the diverse economies framework and community mapping.