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International political economy ( IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. [1] A key focus in IPE is on the distributive consequences of global economic exchange. It has been described as the study of "the political battle between the winners and losers of global economic exchange." [1]
The term “international political economy” began to draw the attention of scholars in the mid-1960s amid problems of the world economy and lagging development in the third world. The term “global political economy” (GPE) later came to be used frequently to illustrate that what happens in the world is not only about interactions between ...
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What is International Political Economy (IPE)?
International political economy. International political economy studies problems that arise from or are affected by the interaction of international politics, international economics, and different social systems (e.g., capitalism and socialism) and societal groups (e.g., farmers at the local level, different ethnic groups in a country, immigrants in a region such as the European Union, and ...
Sep 25, 2023 · Political economy is the study of production and trade and their links with custom, government and law. It is the study and use of how economic theory and methods influence and develop different ...
- Will Kenton
- 1 min
political economy, branch of social science that studies the relationships between individuals and society and between markets and the state, using a diverse set of tools and methods drawn largely from economics, political science, and sociology. The term political economy is derived from the Greek.
Simplification is a virtue, resulting in clear, falsifiable hypotheses that link causal (independent) variables to outcomes (dependent) variables. A standard appeal is to Occam’s razor, the rule that for a given amount of explanation, a simple theory is preferable to a more complex one.
Define international political economy (IPE). Describe mercantilism. Define wealth according to the mercantilist theory. International political economy (IPE) is a vast field of study occupied with the investigation of political processes and their economic consequences, which have both domestic and international impacts.
