International Political Economy

lspri2338  2025-2026  Louvain-la-Neuve

International Political Economy
5.00 credits
30.0 h
Q2

  This learning unit is not open to incoming exchange students!

Teacher(s)
Language
French
Content
The course presents the important concepts and issues of international political economy through a historical approach. The course will cover the following topics:
- Key concepts of international political economy: power and hegemony, the international monetary system, financialization, etc.
- The Bretton Woods system (1945-1973) and the role of financialization in its collapse;
- The turning point of the 1970s, financial deregulation, and its consequences for countries in the Global South;
- The intensification of the financialization of economies since the 1990s and its consequences in terms of economic and political independence;
- The new role of states in globalized and financialized economies.
Teaching methods
The course is theoretical and interactive. Students will be asked to prepare a collection of texts that will help them better understand the course content and support classroom discussions during each session.
Evaluation methods
Students' knowledge and skills will be assessed in two ways:
- reading assignments to be submitted throughout the course;
- a written exam at the end of the semester.
Other information
The course is exclusively in French. 
Online resources
Course materials (slides, texts, etc.) are posted on Moodle.
Bibliography
Abdelal, Rawi (2009). Capital Rules - The Construction of Global Finance. Harvard Univer-
sity Press. ISBN: 978-0-674-03455-6
Babb, Sarah (2013). “The Washington Consensus as Transnational Policy Paradigm: Its
Origins, Trajectory and Likely Successor’ ’. In: Review of International Political Economy
20.2, pp. 268–297.
Babić, Milan (2023). The Rise of State Capital: Transforming Markets and International
Politics. Agenda Publishing. ISBN: 978-1-78821-572-5. 
Bartel, Fritz (2022). The Triumph of Broken Promises: The End of the Cold War and the
Rise of Neoliberalism. Cambridge, Massachusetts: Harvard University Press. 
Helleiner, Eric (1995). “Explaining the Globalization of Financial Markets: Bringing States
Back In’ ’. In: Review of International Political Economy 2.2, pp. 315–341. ISSN: 0969-2290,
1466-4526. DOI: 10.1080/09692299508434322.
Gabor, Daniela and Cornel Ban (2016). “Banking on Bonds: The New Links Between States
and Markets’ ’. In: JCMS: Journal of Common Market Studies 54.3, pp. 617–635. ISSN:
1468-5965. DOI: 10.1111/jcms.12309. (Visited on Mar. 29, 2017).
Gabor, Daniela (2021). “The Wall Street Consensus’ ’. In: Development and Change 52.3,
pp. 429–459. ISSN: 0012-155X, 1467-7660. DOI: 10.1111/dech.12645.
Hardie, Iain, David Howarth, Sylvia Maxfield, and Amy Verdun (2013). “Banks and the
False Dichotomy in the Comparative Political Economy of Finance’ ’. In: World Politics 65.4,
pp. 691–728. ISSN: 0043-8871, 1086-3338. DOI: 10.1017/S0043887113000221.
Helleiner, Eric (1996). States and the Reemergence of Global Finance: From Bretton Woods
to the 1990s. 1st New edition. Cornell University Press. ISBN: 978-0-8014-8333-2.
Krippner, Greta R. (2011). Capitalizing on Crisis: The Political Origins of the Rise of
Finance. Cambridge, Mass: Harvard University Press. ISBN: 978-0-674-05084-6.
Ogle, Vanessa (2020). “‘Funk Money’: The End of Empires, the Expansion of Tax Havens,
and Decolonization as an Economic and Financial Event’ ’. In: Past & Present 249.1, pp. 213–
249.
Paquin, Stéphane (2016). Theories of International Political Economy: An Introduction. Don
Mills, Ontario, Canada: Oxford University Press. ISBN: 978-0-19-901896-3.
Ravenhill, John (2020). Global Political Economy. Oxford: Oxford University Press. Chapitre
1
Roos, Jerome E. (2019). Why Not Default?: The Political Economy of Sovereign Debt. Illus-
trated edition. Princeton London: Princeton University Press. ISBN: 978-0-691-18010-6.
Schindler, Seth, Ilias Alami, and Nicholas Jepson (2023). “Goodbye Washington Confusion
, Hello Wall Street Consensus : Contemporary State Capitalism and the Spatiali-
sation of Industrial Strategy’ ’. In: New Political Economy 28.2, pp. 223–240. DOI:
10.1080/13563467.2022.2091534.
Thompson, Helen (2022). Disorder: Hard Times in the 21st Century. New York: Oxford
University Press.
Tooze, J. Adam (2018). Crashed: How a Decade of Financial Crises Changed the World. New
York: Viking. 
Faculty or entity


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Master [120] in Political Sciences: International Relations