About the IPE Textbook Project

Introduction to International Political Economy 5/e

International Political Economy book cover

by David N. Balaam and Bradford Dillman

This textbook is centerpiece of the International Political Economy Program at the University of Puget Sound. Collaborating faculty are: Nick Kontogeorgopoulos (IPE), Monica DeHart, Sunil Kukreja, Ross Singleton, Leon Grunberg, Richard Anderson-Connolly, Hendrik Hansen, and Cynthia Howson.

Publisher: Pearson Longman
Copyright: 2011
Format: Paper; 576 pp

ISBN-10: 0205791387

ISBN-13: 9780205791358

The 6th edition of Introduction to International Political Economy will be available for distribution in Summer 2012.

 Table of Contents


Chapter 1. What Is International Political Economy?

Chapter 2.  "Laissez-Faire":The Economic Liberal Perspective

Chapter 3. Wealth and Power: The Mercantilist Perspective

Chapter 4. Economic Determinism and Exploitation: The Structuralist Perspective

Chapter 5. Alternative Perspectives on International Political Economy



Chapter 6. The Production and Trade Structure

Chapter 7. The International Monetary and Finance Structure

Chapter 8. International Debt and Financial Crises

Chapter 9. The Global Security Structure

Chapter 10. The Knowledge and Technology Structure



Chapter 11. The Development Conundrum: Choice Amidst Constraints

Chapter 12. Regionalism: Toward a More Perfect (European) Union

Chapter 13. Moving into Position: The Rising Powers

Chapter 14. The Middle East: The Quest for Development and Democracy



Chapter 15. The Illicit Global Economy: The Dark Side of Globalization

Chapter 16. Migration and Tourism: People on the Move

Chapter 17. Transnational Corporations: The Governance of Foreign Investment

Chapter 18. Food and Hunger: Market Failure and Injsutice

Chapter 19. Oil and Energy: Dependency and Resources Curses

Chapter 20. The Environment: Steering Away from Global Disaster



Assuming a nominal background in politics and economics, Introduction to International Political Economy offers undergraduates a complete and accessible overview of how politics and economics collide in a global context.

This text surveys the theories, institutions, and relationships that characterize IPE and highlights them in a diverse range of regional and transnational issues. The bestseller in the field, Introduction to International Political Economy positions students to critically evaluate the global economy and to appreciate the personal impact of political, economic, and social forces.

New To This Edition

Every chapter includes the latest scholarship, examples, and data:

  • Chapter 1, “What is International Political Economy?” is a revised introductory chapter that shows students how IPE can help them understand the financial crisis. It   updates and clarifies many of the concepts and ideas of IPE. Students are also introduced to the concept of globalization, which is now discussed throughout the book.  The conclusion of the text in the fourth edition has been revised and appears in the conclusion of Chapter 1 in this edition. Instructors can assign it at any time during the term.
  • Chapter 2 revises and extends coverage of economic liberalism to include how and why the current financial crisis has contributed to still more criticism of what has been the most popular IPE perspective since the early 1980s.
  • Chapter 4, “Economic Determinism and Exploitation: The Structuralist Perspective,” reframes and revises the presentation of Marxist and structuralist ideas and applies them to the global financial crisis.
  • Chapter 5, “Alternative Perspectives on International Political Economy” significantly expands and updates the coverage of constructivist and feminist perspectives.
  • Chapter 7, “The International Monetary and Finance Structure,” includes a substantial revision and update of the changing economic structure, globalization, and the weakening U.S. dollar.
  • Chapter 8, “International Debt and Financial Crises,” includes detailed coverage of the Asian and current global financial crises.
  • Chapter 10 offers significantly revised content and new perspectives on “The Knowledge and Technology Structure.”
  • Chapter 11, “The Development Conundrum: Choices Amidst Constraints” now includes an outline and discussion of development strategies that correspond to the three IPE perspectives.
  • Chapter 13, “Moving into Position: The Rising Powers,” is a new chapter on the rising powers of India, China, and the post-communist countries.
  • Chapter 18, “Food and Hunger: Market Failure and Injustice,” is also a completely revised chapter on food and hunger and the 2008 world food crisis.
  • Chapter19, “Oil and Energy: Dependency and Resource Curses,” has returned to the text based on reviewer request and focuses on oil in relation to resource scarcity and conflict.
  • Chapter 20, “The Environment: Steering Away from Global Disaster,” examines the controversy surrounding the issues of global warming and climate change, including the recent talks in Copenhagen.