Pugh, Michael C.2009-12-222009-12-222005Pugh, M. C. (2005). The political economy of peacebuilding: a critical theory perspective. International Journal of Peace Studies. Vol. 10, No.2, pp. 23-42.90011798http://hdl.handle.net/10454/4181yesThe ideology of the liberal peace has propelled the political economies of war-torn societies into a scheme of global convergence towards ¿market liberalisation¿. This orthodoxy was an uncontestable assumption underlying external economic assistance. However, the project faltered under its inherent contradictions and because it ignored the socio-economic problems confronting war-torn societies, even aggravating them by increasing the vulnerability of populations to poverty and shadow economic activity. Although revisionists have embarked on a mission to boost the UN¿s peacebuilding capacity and also rescue the Millennium Development Goals, the basic assumptions of the liberal peace are not challenged and potential alternatives are overlooked.en© 2005 International Journal of Peace Studies. Reproduced in accordance with the publisher's self-archiving policy.War economiesPolitical economyMarket liberalisationPeacebuildingMillennium Development GoalsArticle