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Handbook on Critical Political Economy and Public Policy
This comprehensive and stimulating Handbook examines the contribution of political economy to public policy. It provides an overview of several strands of critical political economy, supported by case studies from OECD countries, Latin America, South Africa, and South and East Asia.
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Critical Acclaim
Contributors
Contents
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This comprehensive and stimulating Handbook examines the contribution of political economy to public policy. It provides an overview of several strands of critical political economy, supported by case studies from OECD countries, Latin America, South Africa, and South and East Asia.
With discussions on key theories of political economy, the Handbook introduces cultural and feminist political economies, engaging critically with ordoliberalism and New Public Management. Chapters feature discussions on political economic approaches to the global division of labor, financialization and dispossession in Latin America, ecological perspectives on sustainability in China, global exploitation chains in agriculture, and postcolonial criticisms of economic development. The Handbook concludes with an exploration of the relationship between political economy and social policy, global health, and public policies.
Providing a combination of critical engagement with the various theories of political economy and their application to key economic policies, this will be essential reading for students and academics in comparative politics, economics and finance, international relations, political economy, public policy, and political science. Policymakers interested in addressing socially and environmentally unsustainable practices will also find this an illuminating and informative resource.
With discussions on key theories of political economy, the Handbook introduces cultural and feminist political economies, engaging critically with ordoliberalism and New Public Management. Chapters feature discussions on political economic approaches to the global division of labor, financialization and dispossession in Latin America, ecological perspectives on sustainability in China, global exploitation chains in agriculture, and postcolonial criticisms of economic development. The Handbook concludes with an exploration of the relationship between political economy and social policy, global health, and public policies.
Providing a combination of critical engagement with the various theories of political economy and their application to key economic policies, this will be essential reading for students and academics in comparative politics, economics and finance, international relations, political economy, public policy, and political science. Policymakers interested in addressing socially and environmentally unsustainable practices will also find this an illuminating and informative resource.
Critical Acclaim
‘Critical political economy has done much to debunk mainstream myths surrounding the “efficiency” of the market, the neutrality of the international division of labour, the desirability of “liberalisation”, and the implication that there are no alternatives to neoliberalism. Those criticisms are explained clearly in this brilliant volume; but the authors also sketch the contours of democratic and socially responsible forms of production, exchange, and social organisation. This is an indispensible volume for students, scholars, and activists working on global development.’
– Alfredo Saad-Filho, King’s College London, UK
‘This Handbook is a much needed response to the surge in scholarship on political economy over the past decade. It lays out the theoretical roots, the range of methodological approaches, and addresses a host of highly relevant issues, including labor, finance, and health care in different parts of the world. An exciting contribution to the ongoing debate.’
– Katharina Pistor, Columbia Law School, US
– Alfredo Saad-Filho, King’s College London, UK
‘This Handbook is a much needed response to the surge in scholarship on political economy over the past decade. It lays out the theoretical roots, the range of methodological approaches, and addresses a host of highly relevant issues, including labor, finance, and health care in different parts of the world. An exciting contribution to the ongoing debate.’
– Katharina Pistor, Columbia Law School, US
Contributors
Contributors: Joachim Becker, Hans-Jürgen Bieling, Patrick Bond, Alina Brad, Ulrich Brand, Lucas Bressan, Ana Esther Ceceña, Ana Carolina Cordilha, Sahil Jai Dutta, Ia Eradze, Lauri Finér, Alexander Gallas, Ana Garcia, Luciana Ghiotto, Hansjörg Herr, Elaine Sio-ieng Hui, Bob Jessop, Praveen Kumar Jha, Karina Kato, Ismail Doga Karatepe, Lau Kin Chi, Samuel Knafo, Mathias Krams, Lyne Latulippe, Lena Lavinas, Valerie Lenikus, Hanna Lierse, Ian Lovering, Jameson Martins, Bruno Milanez, Sergio Pereira Leite, Sergio Prieto Díaz, Pavlos Roufos, Pedro Rubin, Greg Ruiters, Christoph Scherrer, Etienne Schneider, Jenny Simon, Dimitris Stevis, Ngai-Ling Sum, Sit Tsui, Deisy de Freitas Lima Ventura, Wen Tiejun, Christa Wichterich, Joscha Wullweber, Yan Xiaohui, Paris Yeros, Matti Ylönen, Brigitte Young, He Zhixiong, Aram Ziai
Contents
Contents:
1 Introduction to the Handbook on Critical Political Economy and Public Policy 1
Christoph Scherrer, Ana Garcia and Joscha Wullweber
PART I THEORIES OF POLITICAL ECONOMY WITH PUBLIC
POLICY IMPLICATIONS
2 Plurality of political economy approaches to the global division of labor 20
Christoph Scherrer
3 The cultural political economy approach to public policy 36
Bob Jessop and Ngai-Ling Sum
4 Institutionalist, regulationist and dependency approaches to transition
countries’ economic policies 49
Joachim Becker
5 COVID-19 and the gender dilemma: blind spots in both
macroeconomics and feminist economics 65
Brigitte Young
6 Ordoliberalism’s advice for economic policymaking 80
Pavlos Roufos
7 What is neoliberal about new public management? 95
Sahil Jai Dutta, Samuel Knafo and Ian Lovering
PART II METHODS
8 Historical-materialist policy analysis of climate change policies 110
Etienne Schneider, Alina Brad, Ulrich Brand, Mathias Krams and Valerie Lenikus
9 Beyond methodological Fordism: the case for incorporated comparisons 127
Alexander Gallas
PART III ENVIRONMENT
10 Land grabbing, financialization and dispossession in the 21st century:
new and old forms of land control in Latin America 144
Karina Kato and Sergio Leite
11 Extractive economies and public policies: critical perspectives from
Latin America 159
Bruno Milanez and Ana Garcia
12 Ecological perspectives on sustainability in China 176
Lau Kin Chi
13 Looking south: megaprojects, borders and (in)mobilities 186
Ana Esther Ceceña and Sergio Prieto Díaz
PART IV FINANCE
14 Challenges for monetary policies in the 21st century: financial crises
and shadow banking 204
Joscha Wullweber
15 Governance of the eurozone in the face of transnational crises dynamics 219
Hans-Jürgen Bieling
16 Chinese capitalism and the global economic order: the impact of
China’s rise on global economic regulation 232
Jenny Simon
17 Taming dollarization hysteresis: evidence from post-socialist countries 247
Ia Eradze
PART V LABOUR
18 Global exploitation chains in agriculture 262
Praveen Jha and Paris Yeros
19 The development of labor policies in China: from passive revolution to
eroding hegemony 279
Elaine Sio-ieng Hui
20 The political economy of minimum wage policies 293
Hansjörg Herr
21 Just transitions: a historical relations analysis 310
Dimitris Stevis
PART VI TAXATION
22 Critical political economy of taxation 327
Hanna Lierse
23 Global tax governance 341
Matti Ylönen and Lauri Finér
24 Globalization, international tax policy and the OECD 356
Lyne Latulippe
PART VII TRADE AND ECONOMIC DEVELOPMENT
25 Postcolonial critique of economic development 374
Aram Ziai
26 Economic cycles and rural policies in the People’s Republic of China 387
Sit Tsui, Yan Xiaohui, He Zhixiong and Wen Tiejun
27 Trade and investment agreements from a critical international political
economy perspective 402
Luciana Ghiotto
28 South Africa’s failed privatization, commercialization and deregulation
of network infrastructure 413
Greg Ruiters and Patrick Bond
PART VIII WELFARE
29 Care in global value chains 430
Christa Wichterich
30 The cultural political economy of housing policy in the era of the
Islamist Justice and Development Party in Turkey 446
Ismail Doga Karatepe
31 The financialization of social policy: an overview 461
Lena Lavinas, Lucas Bressan, Pedro Rubin and Ana Carolina Cordilha
32 The political economy of global health and public policies 476
Jameson Martins and Deisy de Freitas Lima Ventura
Index
1 Introduction to the Handbook on Critical Political Economy and Public Policy 1
Christoph Scherrer, Ana Garcia and Joscha Wullweber
PART I THEORIES OF POLITICAL ECONOMY WITH PUBLIC
POLICY IMPLICATIONS
2 Plurality of political economy approaches to the global division of labor 20
Christoph Scherrer
3 The cultural political economy approach to public policy 36
Bob Jessop and Ngai-Ling Sum
4 Institutionalist, regulationist and dependency approaches to transition
countries’ economic policies 49
Joachim Becker
5 COVID-19 and the gender dilemma: blind spots in both
macroeconomics and feminist economics 65
Brigitte Young
6 Ordoliberalism’s advice for economic policymaking 80
Pavlos Roufos
7 What is neoliberal about new public management? 95
Sahil Jai Dutta, Samuel Knafo and Ian Lovering
PART II METHODS
8 Historical-materialist policy analysis of climate change policies 110
Etienne Schneider, Alina Brad, Ulrich Brand, Mathias Krams and Valerie Lenikus
9 Beyond methodological Fordism: the case for incorporated comparisons 127
Alexander Gallas
PART III ENVIRONMENT
10 Land grabbing, financialization and dispossession in the 21st century:
new and old forms of land control in Latin America 144
Karina Kato and Sergio Leite
11 Extractive economies and public policies: critical perspectives from
Latin America 159
Bruno Milanez and Ana Garcia
12 Ecological perspectives on sustainability in China 176
Lau Kin Chi
13 Looking south: megaprojects, borders and (in)mobilities 186
Ana Esther Ceceña and Sergio Prieto Díaz
PART IV FINANCE
14 Challenges for monetary policies in the 21st century: financial crises
and shadow banking 204
Joscha Wullweber
15 Governance of the eurozone in the face of transnational crises dynamics 219
Hans-Jürgen Bieling
16 Chinese capitalism and the global economic order: the impact of
China’s rise on global economic regulation 232
Jenny Simon
17 Taming dollarization hysteresis: evidence from post-socialist countries 247
Ia Eradze
PART V LABOUR
18 Global exploitation chains in agriculture 262
Praveen Jha and Paris Yeros
19 The development of labor policies in China: from passive revolution to
eroding hegemony 279
Elaine Sio-ieng Hui
20 The political economy of minimum wage policies 293
Hansjörg Herr
21 Just transitions: a historical relations analysis 310
Dimitris Stevis
PART VI TAXATION
22 Critical political economy of taxation 327
Hanna Lierse
23 Global tax governance 341
Matti Ylönen and Lauri Finér
24 Globalization, international tax policy and the OECD 356
Lyne Latulippe
PART VII TRADE AND ECONOMIC DEVELOPMENT
25 Postcolonial critique of economic development 374
Aram Ziai
26 Economic cycles and rural policies in the People’s Republic of China 387
Sit Tsui, Yan Xiaohui, He Zhixiong and Wen Tiejun
27 Trade and investment agreements from a critical international political
economy perspective 402
Luciana Ghiotto
28 South Africa’s failed privatization, commercialization and deregulation
of network infrastructure 413
Greg Ruiters and Patrick Bond
PART VIII WELFARE
29 Care in global value chains 430
Christa Wichterich
30 The cultural political economy of housing policy in the era of the
Islamist Justice and Development Party in Turkey 446
Ismail Doga Karatepe
31 The financialization of social policy: an overview 461
Lena Lavinas, Lucas Bressan, Pedro Rubin and Ana Carolina Cordilha
32 The political economy of global health and public policies 476
Jameson Martins and Deisy de Freitas Lima Ventura
Index
