International Political Economy, Global Financial Orders and the 2008 Financial Crisis

  title={International Political Economy, Global Financial Orders and the 2008 Financial Crisis},
  author={Daniel W. Drezner and Kathleen R. McNamara},
  journal={Perspectives on Politics},
  pages={155 - 166}
The 2008 financial crisis triggered the most severe global economic downturn since the Great Depression. The crisis has provoked soul-searching among economists, yet international political economy (IPE) scholars have been relatively sanguine. We argue that IPE has strayed too far away from studying the geopolitical and systemic causes and consequences of the global economy. IPE must explain the generation and transformation of global financial orders. Both the distribution of political power… 
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