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Global Market Power

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The Palgrave Handbook of Contemporary International Political Economy

Part of the book series: Palgrave Handbooks in IPE ((PHIPE))

Abstract

International Political Economy (IPE) scholars discussed market power in the past but not in the last couple of decades. Given the importance of both ‘market’ and ‘power’, this is a weakness that IPE should correct. This chapter reviews its past contributions as well as those of other disciplines and offers a set of concepts and theories of what market power is, what motivates which agents to use it, and how structure modifies or helps agency to exercise it. The chapter ends on the challenges to the study of market power represented by the evolving digital economy.

I am grateful to Dag Harald Claes, Eric Helleiner, Robert O. Keohane, Carl Henrik Knutsen, and Geoffrey Underhill for constructive critical comments. The remaining weaknesses are all my responsibility.

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Notes

  1. 1.

    Check the most read textbooks in International Political Economy (IPE) for specific references to ‘market power’; Caporaso and Levine (1992) is one important exception, Strange (1988) to some extent another.

  2. 2.

    Time Magazine, 19 March 2018.

  3. 3.

    For a broad analysis of Xi’s strategic ambitions, see Ross and Bekkevold 2016.

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Author information

Authors and Affiliations

  1. Department of Political Science, University of Oslo, Oslo, Norway

    Helge Hveem

Authors
  1. Helge Hveem
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Editor information

Editors and Affiliations

  1. University of Ottawa, Ottawa, ON, Canada

    Timothy M. Shaw

  2. Bavarian School of Public Policy, Technical University of Munich, Munich, Germany

    Laura C. Mahrenbach

  3. Centre for African Studies, University of Mumbai, Mumbai, India

    Renu Modi

  4. School of Government and International Relations, Griffith University, Nathan, QLD, Australia

    Xu Yi-chong

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Hveem, H. (2019). Global Market Power. In: Shaw, T.M., Mahrenbach, L.C., Modi, R., Yi-chong, X. (eds) The Palgrave Handbook of Contemporary International Political Economy. Palgrave Handbooks in IPE. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-45443-0_3

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