Susan Strange’s Structure of Globalization

Susan Strange (1923-1998) established the academic field of international political

economy and co-founded the British International Studies Association.
She was the towering figure in British international relations and a world-leading thinker
on international political economy.
She began her career as a journalist for The Economist and The Observer, becoming a
full-time researcher at Chatham House before entering academe.
Susan Strange was one of the co-founders of the British International Studies
Association, established in 1975. She held the Montague Burton Chair in International
Relations at LSE between 1978 and 1988 and, in 1995, became the third woman and first
Briton to be President of the International Studies Association.
Her most influential books include Casino Capitalism (1986), States and Markets (1988),
The Retreat of the State (1996) and Mad Money (1998).
According to Susan Strange, there are four key structures of power. Simply the ability of
a person or group of persons so to affect outcomes that their preferences take
precedence over the preferences of others"
1. Security – The ability to provide protection.
2. Production – Ability to decide what shall be produce, by whom, by what means.
3. Finance – Ability to control credits and the factors determining the terms on which
currencies are exchanged.
4. Knowledge – The ability to develop or acquire and to deny access of others to a kind
of knowledge.
Shift of power within the framework of Globalization.

SIDEWAYS UPWARDS
From states to market From weaker states to strongest states
Globalization for Susan Strange, it is a term which can refer to anything from the
internet to hamburger, and which often functions as a polite euphemism for continuing
Americanization of consumer tastes and cultural practices.