Table of Contents
- 1 How do you define international political economy?
- 2 What are the main perspectives of international political economy?
- 3 What is the difference between international political economy and global political economy?
- 4 What are the characteristics of international system?
- 5 What are the two theories of political economy?
How do you define international political economy?
International political economy (IPE), also known as global political economy (GPE), is the study of how politics shapes the global economy and how the global economy shapes politics. It is a subfield of economics, political science and international relations.
What are the three main topics in international political economy?
Topics covered include global inequality and wealth distribution; financialization and crisis; precarization of work; global regulation of trade, labour, and money; gender, and the environment in the international political economy.
What are the main perspectives of international political economy?
The three dominant perspectives of IPE are economic liberalism, mercantilism, and structuralism.
What are the structures of international political economy?
Susan Strange has argued that structural power within the international political economy (IPE) has four dimensions; security, production, finance, and knowl- edge.
What is the difference between international political economy and global political economy?
Global political economy is a field of study that deals with the interaction between political and economic forces. To account for this, many scholars now prefer to use the term ‘global political economy’ (GPE) over the more traditional term ‘international political economy’ (IPE).
What is economic liberalism in international political economy?
Economic liberalism (also known as fiscal conservatism in United States politics) is a political and economic ideology based on strong support for an individualist market economy and private property in the means of production. Economic liberalism is associated with markets and private ownership of capital assets.
What are the characteristics of international system?
The existing international system is characterized by a diffusion of power among different state and non-state actors, a shift in a balance of regional and global powers, a relative weakening of established Western nations and emerging of new centers of power, increasing importance of regional integration, and return …
What is the structure of political economy?
Political economy is divided between approaches emphasizing means-ends action, which have no theory of the internal structure of constraints, and approaches emphasizing the constraints and opportunities afforded by division of labour, which have no explicit theory of action.
What are the two theories of political economy?
Political economics is split into two sections: Classical Political Economy and Modern Political Economy.