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Cover Global Political Economy

13. Migration  

Stuart Rosewarne and Nicola Piper

This chapter explores the transition in the dominant policies and practices that have impelled the momentum in international migration as a defining feature of globalization. It begins with a brief survey of current policy priorities, before considering some dominant theories of migration. The securitization of national borders by many OECD governments has enabled the restriction of rights to migrate and privileged certain groups of migrants over others. Labour migration has come to be privileged over other forms of migration, but often involves temporary work visas and significant vulnerability for migrant workers. The global movement to protect migrants' labour rights has had generally limited impact, but with some notable successes and continued momentum. Ultimately, migration continues to be politically and socially contentious in many parts of the world, adding to the vulnerability of many migrant workers.

Chapter

Cover Global Political Economy

4. Globalization and neoliberalism  

Jacqueline Best

This chapter evaluates the contested concepts of globalization and neoliberalism, and looks at their role in Global Political Economy (GPE). There are significant debates about the political salience of globalization, with hyperglobalists, sceptics, and transformationalists disagreeing on its implications for the power of the state. Scholars also disagree about when the era of globalization began. Meanwhile, neoliberalism is a set of economic ideas and policies built upon a belief in the ‘free market’ as an unquestionable value in political and economic life. Neoliberal globalization has increased living standards in many parts of the world while also intensifying inequality along the lines of class, race, and gender. At the heart of debates about neoliberalism and globalization are three core puzzles: whether they are primarily depoliticizing or repoliticizing strategies; whether they are best understood by looking at global-level processes or at changes in everyday life; and whether their power is primarily material or ideational.

Chapter

Cover Global Political Economy

9. Environment and climate  

Hayley Stevenson

This chapter begins by looking at mainstream and critical perspectives on the relationship between globalization and the environment. It shows how race and gender are implicated in the distribution of environmental harms, and how clean and safe environments in the Global North often come at the expense of communities in the Global South. A case study of green technology reveals that this asymmetry also characterizes efforts to transition to more sustainable societies. There are four key perspectives on globalization and the environment: liberal environmentalism, eco-Marxism, environmental justice, and ecofeminism. The chapter then turns to the topic of global governance to see how environmental multilateralism has developed over the past five decades, and the tensions that remain between global rules on trade and the environment.

Chapter

Cover European Political Economy: Theoretical Approaches and Policy Issues

10. European Political Economy and Interdependence  

Elliot Posner

This chapter focuses on the correlation between the key concepts of European political economy and interdependence. It elaborates on the interplay between multi-level governance, Europeanization, globalization, and EU market integration. Essentially, the EPE cannot be understood without careful analysis of the interlinkages between the EU market-building project and the region's interdependent relationships with the rest of the world. The chapter then provides an overview of the main concepts surrounding globalization, regionalization, and general trade patterns of national markets. It notes the high likelihood that EU-level agents, processes, and structures are prime shapers in any given aspect of the EPE.

Chapter

Cover Global Political Economy

10. Inequality  

Eduardo Ortiz-Juarez and Andy Sumner

This chapter explores income inequality in the global political economy. Income inequality matters for intrinsic and instrumental reasons, and intersects with inequalities between social groups based on gender, race, and other factors. There are three ways to think about income inequality at a global level: ‘international inequality’, ‘world inequality’, and ‘global inequality’. One can say that international inequality and world inequality have unambiguously declined since 1980. However, the magnitude of the decline depends on whether the size of countries' populations is taken into account. Meanwhile, national inequality refers to differences in income between individuals within a country. The chapter then discusses poverty. Ultimately, explanations for patterns of inequality in the contemporary period can be traced to many of the dynamics associated with globalization, particularly the reorganization of the global economy around global value chains (GVCs) and the implications for countries pursuing ‘late development’.

Chapter

Cover Global Political Economy

11. Crime  

Asif Efrat

This chapter studies the joint efforts of states to tackle crime through bilateral or multilateral action. The criminal activities that fuel global concern are transnational in nature; they involve more than one country and thus require an internationally coordinated response. These transnational criminal activities involve illicit flows; that is, the movement between countries of people, goods, or money. What makes these flows illicit is that they are prohibited by the laws of the country that is the source of the flows and/or the laws of the country receiving them. Smuggling drugs or firearms across borders; laundering illegally obtained funds through international financial transactions; the sale of women to engage in sex work—these are some examples of the transnational flows that constitute the illicit global economy. The chapter examines each of these flows, the challenge of measuring them, and their relationship with globalization, before turning to the efforts against them.