What is meant by international political economy?
International political economy (IPE), also known as global political economy (GPE), refers to either economics or an interdisciplinary academic discipline that analyzes economics, politics and international relations.
What are the three main perspectives on international political economy as defined in our class?
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.
Why do we study 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 can you do with an international political economy degree?
International political economy majors pursue diverse career paths….Study Abroad
- public affairs.
- international affairs.
- banks.
- nonprofit organizations.
- government agencies.
- businesses.
What is a political economy degree?
The Political Economy major is designed to study the relationship between government, society, and the economy in a holistic manner from a multi-disciplinary perspective. Political Economy majors investigate how real-world market systems are embedded in both politics and society.
What are the 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 mercantilism in international political economy?
Mercantilism is an economic theory that advocates government regulation of international trade to generate wealth and strengthen national power. Mercantilism—a form of economic nationalism—funds corporate, military, and national growth. 1 It advocates trade policies that protect domestic industries.
What is political economy development?
The Political Economy and Development track studies how the interplay between the economic system, politics, and institutions allocates resources and generates incentives. Topics include markets, poverty, welfare, inequality, taxation, regimes, transitions, growth, ethnicity, religion, and culture.
What three systems make up the political economy of a country?
There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two. Individuals and businesses make their own economic decisions.
What is Marxian political economy?
Marxist Political Economy (MPE) denotes a range of political economy perspectives that are broadly connected to and in the tradition of the writings (notably The Communist Manifesto, Grundrisse and Capital) and insights of Karl Marx. Generally, MPE comprises an integrative analysis of the economy, society and politics.