International political economy focuses on the politics of economic phenomena that transcend state borders , whether be they trade transactions, exports imports, protectionism, tariffs, non-type barriers, production, the way multinational corporations operate across state borders and finance; with finance, the way money ...
What is meant by international political economy?
The concept of international political economy (IPE) encompasses the intersection of politics and economics as goods, services, money, people, and ideas move across borders . ... The liberal tradition of IPE also has historical antecedents, beginning with classical political economy.
What is the nature of political economy?
Political economy is an interdisciplinary branch of the social sciences that focuses on the interrelationships among individuals, governments, and public policy . Political economists study how economic theories such as capitalism, socialism, and communism work in the real world.
Why is international political economy?
International Political Economy prepares you to understand the structures, hierarchies, and power dynamics that regulate finance and trade, drive globalisation and economic nationalisms, and impact the distribution of wealth and poverty across and within states, regions, and the world.
What are the main perspective on international political economy?
The three dominant perspectives of IPE are economic liberalism, mercantilism, and structuralism . Each focuses on the relationships between a variety of actors and in- stitutions.
What is the scope of political economy?
Political economy is a social science that studies production, trade, and their relationship with the law and the government . ... Different groups in an economy have different beliefs as to how their economy should be developed; hence, political economy is a complex field that covers a broad range of political interests.
What are the important features of political change?
Political change occurs when the rulers in a country lose power or the type of governance in the country changes . Governance is the type of system used to rule a country. Examples of types of governance would be democracy and monarchy. Political change is a normal function of internal and external politics.
Who are the main actors in international political economy?
States have traditionally constituted the main actor focus in International Political Economy. More specifically, a small number of ‘major power’ states dominate the attention of IPE students and scholars.
What are the three main theories of international political economy?
This chapter examines the three most important classical theories within the field of International Political Economy (IPE): mercantilism, economic liberalism, and neo-Marxism .
What is the history of international political economy?
International political economy (IPE) originated in the early 1970s . For almost 20 years it has been dominated by separate, largely non-communicating schools, one centred on scholarly institutions in Britain, the other associated with the US journal, International Organization (IO).
What are the importance of international politics?
Why international relations is important, is that it goes beyond peace and war, past poverty and business; rather it explores the key players in world politics, intrinsic political patterns , and identifies the theories for how resolution and cooperation can be reached.
What can you do with an international political economy degree?
- Attorney.
- Campaign staffer.
- Creative writer.
- Development associate.
- Economist.
- Editorial assistant.
- Foreign Service officer.
- Intelligence officer.
What is meaning of international politics?
International Politics is about the world we live in, the challenges we face, power and struggles, and the opportunities and the obstacles for relations among peoples, societies, states, organsiations.
What is political globalization?
Political globalization refers to the growth of the worldwide political system , both in size and complexity. ... One of the key aspects of the political globalization is the declining importance of the nation-state and the rise of other actors on the political scene.
What is mercantilism in international political economy?
Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries . Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).
What are the theories of political economy?
In Theories of Political Economy, James A. Caporaso and David P. Levine explore some of the more important frameworks for understanding the relation between politics and economics, including the classical, Marxian, Keynesian, neoclassical, state-centered, power-centered, and justice-centered .
