Global Political Economy ( Eassy ), An Integral Tool For The Economic Economy

1072 Words Oct 9th, 2015 null Page
History not only creates a premise for Global Political Economy (GPE), but also is used as an integral tool for the analysis of GPE. Historical perspectives in GPE not only have developed it 's basis, but have also created a technique in which to critically analyze the international system, the relations in between states and the history itself of Global Political Economy. Without a historical perspective, no scholar would be able to explain the origins of globalization, international organizations, or the current state of the economy. The historical study of GPE develops a framework in which we can examine the political economy and analyze it. Though there are several theories in which academics research GPE, including neoliberalism and even Marxist theories, it is argued that these perspectives do not have a sufficient historical foundation. Robert Cox is a well known scholar who contributed to the study of international political economy with the development of the historical structure concept. He rejected other critical theories of GPE, stating that they had a narrow outlook and did not allow for the development of other models to address possible linkages in societies. Cox also argues that methods of analysis for critical theory, as in historical materialism, is far too deterministic. Therefore, Cox constructed the concept of “historical structure” to provide an alternative perspective in the study of GPE. Historical structure, which is defined as “a particular…

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