Susan Strange’s International Economics and International Relations: A Case of

Mutual Neglect (1970)
Done by Ksenia Sizonova, 173

the increase in economic interdependence and interaction. It is that

the pace of development in the international economic system has accelerated, is still accelerating and will probably continue to accelerate. And that, in consequence, it is out-distancing and outgrowing the rather more static and rigid international political system”.
Strange, S. (1970). International Relations and Political Economy, a Case of Mutual Neglect. International Affairs, 46(2).

 Susan Strange, the pioneer of IPE

( = creating IPE as a field of research)
Topical

vocabulary collocations:
Lopsided development ( = one-sided development)
Dollar-biased skew on the economic side
Top Dollar Country (a.k.a the USA)

interdependence. The International Executive, 10(4), 3-5.
Cox, R. W. (1969). Introduction:

perspectives and problems. In International Organisation: World Politics (pp. 15-44). Palgrave Macmillan, London.
Haas, E. B. (1964). Beyond the Nation-State: Functionalism and International Organization. Stanford, CA: Stanford University Press.

system
Swaps, Special Drawing Rights, Eurodollar market
The development of multinational

corporations
IBM
It is no longer only the governments that set the rules
The Berne Union, internationalization of union negotiations

not): the wealth of a minority of economies increases, while

international social and political tensions increase.

IOs theory - the critique of liberal market-driven globalization:
international order and stability is not automatic
economic integration is not followed by political and social integration (Snower, 2019)
economic cooperation should be supported by political and social aspects
But: Strange states that ‘the political system will never catch up’!

International political system remains stable.
The issues of integration, MNCs,

extra-governmental rule-setting are not adequately addressed.
It is impossible to discuss international relations without talking about the economics, and vice versa.
We need a political theory of analysis and explanation. It should be informed by economic theory but not predominated by it.

politics and international economy?
What is the relation between increased economic

interdependence and the development of international economic system, according to Strange?
Strange looks at cases in which economic cooperation affects the politics of nation-states. Why then IPE cannot be reduced to the integration studies?
Why, according to Strange, political analysis in IPE should predominate economic analysis?