Institutional political economy of economic development and global governance

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2006
Özçelik, Emre
There are two inter-related themes of this thesis: Economic development and global governance. We develop a perspective of what we call ‘Institutional International Political Economy’ (IIPE) in order to: i) assess the likelihood of developmental success on the part of the Third World countries in the twenty-first century, and ii) analyze the developmental and world-systemic implications of the so-called ‘global governance model’, which we conceptualize as an ultra-liberal capitalist project on the part of the ‘commanding heights’ of the contemporary ‘world-economy’. Our IIPE-perspective relies on an ‘institutionalist’ synthesis of the classic works of Karl Polanyi, Joseph Schumpeter and Fernand Braudel. In the light of this perspective, ‘state-led development’ seems to be inconceivable in the face of ‘governance’, which is an attempt to disintegrate the ‘institutional substance’ of the state-as-we-know-it into ‘market-like processes’. Nevertheless, ‘governance’ is bound to become the victim of its own success insofar as it destroys the indispensable political institutions upon which capitalism has survived as a historical world-system in the past.

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Citation Formats
E. Özçelik, “Institutional political economy of economic development and global governance,” Ph.D. - Doctoral Program, Middle East Technical University, 2006.