A Critical Review of Theoretical Approaches to GPE Essay

A Critical Review of Theoretical Approaches to GPE - Essay Example Traditionally, there are six central concepts of GPE: state, firm, capital, power, labour and globalisation, which are, from analytical point of view, interconnected. At the forefront of GPE in the understanding of these concepts are the theories of rational choice, of neo-institutionalism, of neo-Marxism, of constructivism and of postmodernity. These, however, are the objects of ongoing debates among scholars, and several thoughts and analyses have posited new ideas and concepts, either affirming or negating them. This paper seeks to provide a critical review of three literatures on the subject, to wit: (1)‘Strategic Interests and International Political Economy’ by Stephen Greenwold, 1999, (2) ‘Competitiveness: A Dangerous Obsession’ by Paul Krugman, 1994, and (3) ‘Globalisation, Hegemony and Passive Revolution’ by Anne Showstack, 2001. The three literatures tackle interrelated concepts and theories of GPE.