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Dr Andrew Baker


(DPhil Ulster)

Contact Details
Room 023.02.010
tel: ++44 (0) 28 9097 3732

Policy Analysis Papers  Austerity in the UK



Andrew Baker has expertise in the areas of international financial governance, the politics of financial crises, the politics of economic ideas and the governance role of G groups. He teaches undergraduate and postgraduate modules in the broad area of political economy. He is currently conducting research into the emergence of macroprudential regulation after the financial crash of 2008. Andrew is the current editor of the British Journal of Politics and International Relations, a journal of the Political Studies Association.  In 2013 he was a visiting fellow at the Centre for Governance and Public Policy, Griffith University, Brisbane. In 2011, he was a visiting professor at the Department of Business and Politics, at Copenhagen Business School and is currently an honorary fellow of the Sheffield Political Economy Research Institute of the University of Sheffield (SPERI). During 2008 he advised GCC states, the Islamic Development Bank and the IMF on the creation of a G20 type process for Islamic finance. He is the author of two books The Group of Seven (2006), and Governing Financial Globalization (2005), and over 30 articles and book chapters.

Teaching Areas

  • PAI2044 Democracy, Ethics and Economics (level II UG); 
  • PAI3063 Politics and Power of the Global Economy (level III UG); 
  • PAI7030 International Political Economy (MA);
  • Pathway Convenor of BA Politics, Philosophy and Economics

Research Positions and activities



I am willing to supervise doctoral theses in the fields of Comparative and International Political Economy, with a specific interest in the following areas:

  • Global financial governance
  • The history of economic ideas and political transformations
  • The politics of economic and financial crisis
  • Post crisis financial regulatory reform
  • Macroprudential regulatory philosophy and the politics of macroprudential policy
  • Anglo-American Political Economy
  • Growth models, social settlements and political legitimacy
  • G groups and the diplomacy and politics of the G20
  • Currencies and International Monetary Politics
  • Normative justifications for economic orders


Selected Publications: 

  • (2014) “The European Union, Global Financial Governance and the Macroprudential Ideational Shift,” in Mugge, D (ed.) Europe’s Place in Global Financial Governance, Oxford: Oxford University Press
  • (2014) “Explaining the Stunted Rise of Macroprudential Regulatory Philosophies,” Politik, (Journal of Danish Institute of International Affairs). 
  • (2014) With Widmaier, W “The Hidden Institutionalist Roots of Macroprudential Ideas: Veblen and Galbraith on Regulation, Policy Success and Overconfidence,” New Political Economy, 
  • (2014) “Flexible G Groups and Network Governance in an Era of Uncertainty and Experimentation,” with Carey, B in Payne, T and Phillips, N (eds) Handbook of International Political Economy: Governance Vol. Edward Elgar. 
  • (2014) “Transnational Technocracy and the Macroprudential Paradox,” in Porter, T (ed). Financial Regulation after the Financial Crash, Routledge: RIPE Studies in Global Political Economy
  • (2013) “The Gradual Transformation? The Incremental Dynamics of Macroprudential Regulation,” Regulation & Governance, 7:4, pp.417-434. 
  • (2013) “When New Ideas meet Existing Institutions: Why Macroprudential Regulatory Change is an Incremental Process,” in Moschella, M and Tsingou, E (eds.) Explaining Incremental Change in Global Financial Governance, Routledge, ECPR book series, pp.35-56.
  •  (2013) “The New Political Economy of the Macroprudential Ideational Shift,” New Political Economy,18:1, pp.112-139.
  • (2012) “The ‘Public Interest’ Agency of International Organizations? The Case of the OECD’s Corporate Governance Principles,” Review of International Political Economy,19:3, pp.389-414.
  • (2011) “Global Corporate Governance Principles,” in Hale, T and  Held, D (eds.) The Handbook of Transnational Governance, Cambridge:Polity, pp. 273-280.
  • (2011) “Groups in the International Financial Architecture : International policy cooperation and coordination amongst the G-10, G-5, G-7/8, G-20,” in Caprio, J (ed) Encyclopedia of Financial Globalization, Elsevier, pp.
  • (2011) “Institutional Symbiosis and Competition in the Gulf: The Politics of Efforts to Establish an International Islamic Financial Policy Forum,” in Legrenzi, M and Momani, B (eds.) Shifting Geo-Economic Power of the Gulf: Oil, Finance and Institutions, New York: Ashgate, pp.75-90.
  • (2010) “Restraining Regulatory Capture? Anglo-America, Crisis Politics and Trajectories of Change in Global Financial Governance,” International Affairs, 86:3, pp.647-663.
  • (2010) “Deliberative International Financial Governance and Apex Policy Forums: Where we are and where we should be headed?” in Underhill, G, Blom, J and Mugge, D (eds) Global Financial Integration Thirty Years On, Cambridge: Cambridge University Press, 2010, pp.58-73.
  • (2009) “Deliberative Equality and the Transgovernmental Politics of the Global Financial Architecture,” Global Governance,15:2 pp.195-218.
  • (2008) “The Group of Seven,” New Political Economy,13:1, pp.103-116.
  • (2008) “Financial Crises and US Treasury Policy: The Institutional and Ideational Basis of American Capability” in Robertson, J (ed). Power and Politics After Financial Crises: Rethinking Foreign Opportunism in Emerging Markets, London: Palgrave, 2008, pp.31-51.
  • (2006) “American Power and the Dollar: The Constraints of Technical Authority and Declaratory Policy in the 1990s” New Political Economy, Vol.11, No.1, March 2006, pp.23-46.
  • (2006) The Group of Seven: Finance Ministries, Central Banks and Global Financial Governance, London: Routledge.
  • (2005) Governing Financial Globalization: International Political Economy and Multi-Level Governance, London: Routledge, 2005 with Hudson, D and Woodward, R (eds.)
  • (2003) “The G7 and Architecture Debates: Norms, Authority and Global Financial Governance,” in Underhill, G and Zhang, X (eds.) International Financial Governance Under Stress: Global Structures versus National Imperatives, Cambridge: Cambridge University, 2003.
  • (2000) “The G7 as a Global Ginger Group: Plurilateralism and Four-Dimensional Diplomacy,” Global Governance,Vol. 6, No.2, , pp.165-189.
  •  (1999) “Nébuleuse and the „Internationalization of the State in the UK: The Case of HM Treasury and the Bank of England,” Review of International Political Economy,Vol.6, No.1, , pp.79-100