What Is International Political Economy - 1524 Words

Benjamin Garrison 1 - What is international political economy? International political economy can be defined as the affect that economic institutions have on the political sphere or conversely the affects that political institutions have on economic ones. However IPE should be defined as simply more than the intersection of politics and economics. Another definition can be the analysis of political phenomena using the tools of economic analysis. Tools, being analytical methodology and phenomena describing events in which some conflict is inherent and also involves some form of public or government structure. 3 – What is a â€Å"rent-seeking society† according to Anne Kruger? According to Kruger a rent seeking society is one that is based on a rent seeking economy. This occurs as a result of a government receiving external rents directly to the state as the main source of revenue as opposed to taxation. Another example is when in a form of patronage contracts or other forms of benefit are distributed to individuals. In either case this upsets the system of incentives and like leads to corruption. 4 – What is â€Å"distributive politics†? Distributive politics is the study of how politics can and will distribute finite resources to the electorate. This is either accomplished programmatically in which the criteria are made public, the criteria shapes the distribution or it can be done non-programmatically. Non-programmatic distribution leads to clientelism. 5 – What is the â€Å"GoldShow MoreRelatedWho Are The Most Important Actors Of The Global Political Economy?1446 Words   |  6 Pagesmost important actors in the global political economy and Why? Ipe is about culture and society as well In all spheres and society is also a Unequal relationship of society is basis of Introduction/thesis statements: Global Political Economy is essentially a study of a political battle between the winners and losers of global economic exchange. In fact, understanding global economy relies on a clear knowledge of the process of political competition. Political power possessed by actors regulatesRead MoreLiberalism and Mercantilism1287 Words   |  6 PagesLiberalism and Mercantilism International political economy is an important subdiscipline of international relation. It has three main ideologies, Liberalism, Mercantilism and Marxism. In this essay there will be three parts, first part is to demonstrate what the Liberalism and Mercantilism are on the perspective of international political economy and then the second part is to compare and contrast these two ideologies of political economy. At last, give a conclusion to the Liberalism and MercantilismRead MorePolitical Factors That Affect International Business1020 Words   |  5 PagesWhile Global businesses operate in overseas markets there is often a risk, the risk is referred to as political environment risk, and these factors can facilitate or hinder business operation. Some of the political factors that affect international business include† (Justin Ervin. Zachary Smith A.2008). One significant political environmental factor that influences international business operation is trade agreements. Countries frequently enter into trade treaties to further facilitate tradeRead MoreUS Power reflected on the global political economy Essay1167 Words   |  5 Pages Yohanan Zemichael PSCI 2602: A03 October 11, 2012 The framework of global political economy has evolved through a series of historical periods. For this paper, I will be comparing the overall structure and organization of the global political economy during the Bretton Woods period (1945-1975) and the Contemporary period (1975-2010). The main objective will be the United States’ projection of political power throughout these two historical periods. By comparing, the Bretton Woods periodRead More An Analysis of The Dominate Perspectives of International Political Economy1532 Words   |  7 Pages In the world of international political economy, three dominant perspectives have emerged over time. The differences and similarities between the realist/mercantilist, liberalism, and historical structuralism perspectives are significant. In this essay, I will compare and contrast these dominant perspectives. First, I will give a historical account of how each perspective originated. Then I will outline the actors involved in each pe rspective, explore those actors’ interests, and outline which ofRead MoreEssay on Globalization: Sharing Our Prosperity With the World1388 Words   |  6 Pages Globalization is the growing interdependence of the worlds people that involves the integration of economies, technologies, and cultures (Bradshaw). It is described as the increased movement of people, knowledge and ideas, and goods and money across national borders that have led to the increased interconnectedness among the world. Globalization is often thought of in economic terms but as we know there are three major components implicated with this idea including: economics, politics, andRead Moreis globalization undermining state sovereignty?1559 Words   |  7 Pages With the creation of transnational companies, intergovernmental and non-governmental organizations, political and economic associations appeared new powerful actors that cannot be left apart in states’ decisions and whose influence may, according to some, threaten the authority of nation-states. Indeed it can be thought that globalization is causing the end of borders between countries and what is more tha t it is creating a sort of universal society in which states’ sovereignty is not the main authorityRead MoreThe Nature of Political Economy†931 Words   |  4 PagesAn essay on Robert Gilpin â€Å"The Nature of Political Economy† This chapter introduces differences and similarities between politics and economics. Both of them affect one another. In another hand, politicians and economists have different ideas and consumptions about the same facts. Also, they choose different ways of analysis. Moreover, Mr. Gilpin talks about the importance of the understanding the nature of political economy. In today’s rapidly changing world, where globalization takes place andRead MoreThe Politics of International Economic Relations Essay1505 Words   |  7 PagesThe Politics of International Economic Relations The purpose of the essay is to draw out the conceptual differences of Liberalism, Realism and Marxism. Each author stands for different approach among the three readings. Deundey and Ikenberry are liberals, Gilpin researches for Realism, David Harvey is a typical scholar of Marxism. The perspectives of three authors overlap on three issues but have different view on them. The first issue is what are the main actors involved in economic relations accordingRead MoreGlobalization And The International Monetary System1155 Words   |  5 Pageslot on global institutions and why we need them when globalization exists. We need them because they help regulate the marketplace and promote treaties that help govern business done globally. I learned about the International Monetary Fund, which controls the management of the international monetary system. The United Nations is in charge of security and keeping the peace between all nations. Globalization has lead to technological change that has helped advance our world. The technological change