23 Facts About Susan Strange

Susan Strange was the first woman to hold the Montague Burton Professor of International Relations at the London School of Economics and was the first female academic to have a professorship named after her at the LSE.

Susan Strange was born on 9 June 1923 in Langton Matravers.

Susan Strange was the daughter of English aviator Louis Strange.

Susan Strange went to the Royal High School, Bath, and to the University of Caen in France, and graduated with a bachelor's degree in economics from the London School of Economics during the Second World War.

Susan Strange raised six children and worked as a financial journalist for The Economist, then The Observer until 1957.

Susan Strange began lecturing on International Politics at the University College London in 1949.

Susan Strange set up an influential research group on IPE at the Chatham House in 1971.

Susan Strange played a role in the establishing of the journal Review of International Political Economy, which is the leading journal dedicated to IPE.

Susan Strange served as professor of international political economy at the European University Institute in Florence, Italy, from 1989 to 1993.

Susan Strange taught in Japan, where between 1993 and 1996 she was several times guest lecturer at Aoyama Gakuin University in Tokyo.

Susan Strange was a major figure in the professional associations in both Britain and the United States.

Susan Strange was an instrumental founding member and the first treasurer of the British International Studies Association, and served as the third female president of the International Studies Association in 1995.

Susan Strange played a central role in developing international political economy as a field of study, and is a key figure in political economy approaches to security studies.

Susan Strange argued that power was central to international political economy.

Susan Strange claimed that in general, "economists simply do not understand how the global economy works" due to a poor understanding of power and an over-reliance on abstract economic models.

Susan Strange was a critic of regime theory, arguing that the scholarship on regimes was too state-centric and carried a hidden bias in favor of maintaining US hegemony.

Susan Strange was skeptical of static indicators of power, arguing that it was structural power that mattered.

Susan Strange pointed to the superiority of the American technology sector, dominance in services, and the position of the US dollar as the top international currency as real indicators of lasting power.

Susan Strange distinguished between relational power and structural power.

Susan Strange posits that the most overlooked channel of power is financial access, which consequently becomes the most important one to comprehend; in other words, she argues that one cannot comprehend how the world works without a thorough understanding of international financial markets.

Susan Strange maintained that the global market, relative to the nation state, had gained significant power since the 1970s and that a "dangerous gap" was emerging between the two.

Susan Strange considered nation states inflexible, limited by territorial boundaries in a world of fragile intergovernmental co-operation; "Westfailure" is what she called Westphalia.

Susan Strange compares it with a casino whereon the foreign exchange plays as snakes and ladders.