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HomeHomework Helppolitical-scienceInternational Political Economy

International Political Economy

International Political Economy (IPE) is an interdisciplinary field that examines the interactions between politics and economics on a global scale, focusing on how political institutions, processes, and power relations influence economic policies and outcomes across nations. It analyzes the effects of globalization, trade, and international finance on state behavior and economic development.

intermediate
5 hours
Political Science
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Overview

International Political Economy (IPE) is a vital field that examines how political and economic forces interact on a global scale. It helps us understand the complexities of international trade, the impact of globalization, and the role of governments in shaping economic policies. By studying IPE, l...

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Key Terms

Globalization
The process of increased interconnectedness among countries, particularly in trade and culture.

Example: The rise of multinational corporations is a result of globalization.

Mercantilism
An economic theory that emphasizes the importance of stockpiling wealth, primarily gold and silver.

Example: Mercantilism was prevalent in Europe during the 16th to 18th centuries.

Liberalism
An economic theory advocating free markets and minimal government intervention.

Example: Liberalism supports free trade agreements between countries.

Marxism
A socio-economic theory that critiques capitalism and advocates for a classless society.

Example: Marxism argues that capitalism leads to class struggle.

Trade Policy
Government laws and regulations that determine how goods and services are traded internationally.

Example: Tariffs are a common form of trade policy.

Economic Sanctions
Restrictions imposed by countries to influence the behavior of other nations.

Example: The U.S. imposed economic sanctions on Iran to curb its nuclear program.

Related Topics

Global Trade
The exchange of goods and services across international borders, influenced by various factors.
intermediate
International Relations Theory
The study of theories that explain how countries interact and the dynamics of global politics.
advanced
Development Economics
The branch of economics that focuses on improving the economic conditions of developing countries.
intermediate

Key Concepts

GlobalizationTrade PoliciesEconomic DevelopmentInternational Relations