What is international political economy in international relations?

What is international political economy in international relations?

Global political economy is a field of study that deals with the interaction between political and economic forces. While states remain central to international politics, they have gradually intensified their relations with multinational corporations and strengthened their engagement with international organisations.

What are the objectives of economic relations in an international community?

The MA in International Affairs: International Economic Relations (IER) provides students an in-depth understanding of the market, political, and other forces that drive the economic globalization process, as well as of the private and public actors and institutions that shape international trade and financial …

Why is international political economy important?

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 role of non state actors in international political economy?

Non-state actors play a major role in foreign policy making of nation-states and significantly influence their foreign policy behavior. They lobby in domestic as well as international settings and mobilize their home or host states and national and global public opinion.

What is the political economy of a country?

The term political economy is derived from the Greek polis, meaning “city” or “state,” and oikonomos, meaning “one who manages a household or estate.” Political economy thus can be understood as the study of how a country—the public’s household—is managed or governed, taking into account both political and economic …

What influences global political and economic relationships?

Numerous factors influence political and economic relationships, such as ethnicity, economic systems, and geography.

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