This course builds on the first course in Political Economy by introducing students to various ways in which power has shaped global flows of labour, capital and goods through history. We start with colonialism and the construction of the modern global economy under European hegemony. The end of colonialism and the rise of sovereign states in Latin America, Asia and Africa is discussed next along with the implication of continued dominance of the advanced industrialised economies for independent national economic policy. The role of international financial institutions such as the IMF and the World Bank is emphasised. Finally, power in global value chains is introduced with examples such as garment and electronic supply chains. The course ends with the question of what the Chinese and Indian experiences tell us about the future of the global economy.