studying the international politics. All important international agendas from international security to development and climate change have an explicit or implicit economic dimensions. The political and economic future of nations can no longer be discussed in isolation and the status of every nation in the web of economic exchanges and political dealings must also be given due weightage. .International Political Economy (IPE) is a social science that attempts to understand the way the political actions
globalization, shifting global power, and the role of international institutions in the global economy (Baylis, Smith & Owens, 2011). The study of international political economy (IPE), which is about the interplay of economics and politics in world affairs, examining what drives and explains events in the world economy, helps to make sense the roles of these international relations in a global context (Ibid). In this paper, such IPE theories as Realism, Liberalism, Marxism, Social Constructivism
Dimensions The concept of globalization has deep historical roots. The notion of an initial global economy is ascribed to the seventeenth century while the beginning of the modern global era is attributed to the nineteenth century. However, In spite of the ample usage and rigorous debate on the concept, phenomenon or term known simply as globalization, there
Understanding The Complex Relations Between Nations: International Relations Degree Do you have an interest in global events and the impact that they can have on everything from the economy to political and social life? Would you like to have a deeper understanding of the public policies, trends in the economy, laws and social issues that shape the world around us? All of this is possible with a degree in international relations. This type of course is not only great for expanding your knowledge
dominant international style of economics. From this duality, a distinction in Marxist theory has typically been drawn between the examination of the capitalist mode of production in and of itself – the ‘pure’ theory of market economy with its distinct ‘laws of motion’ ; and specific historical periods of capitalist development – monopoly market economy, postwar market economy, neoliberal market economy as examples; and explicit spatially circumscribed cases – East Asian market economy, German market
Introduction The process of world economic communications development has become one of the major catalysts of the world economy: the steady increase of scales of contacts between the certain states, countries, groups, the national and international organizations has been noted during the whole twentieth century. Undoubtedly, at the present stage international trade plays the increasing role in economic development of the countries, regions and all world community. As throughout the post-war period
the rise of social media, producers use new forms of communication and marketing to target international consumers. The increased use of smartphones also enabled customers to access global markets. All these factors act as driving forces for economic globalization. Economic globalization is one of the three main dimensions of globalization, generally discussed in academic literature. The other two are political globalization and cultural globalization. Economic globalization is defined as, “the increasing
globalization is a dominant one in the political and economic world. This phenomenon includes increased trade, finance and information across state borders. Globalization has influenced the national market since the late 1970s and the information technology revolution has been important in simplifying globalization and has also had an effect on political economic systems. The two sides of this debate consist of those who think that national political economies will converge and those who think they
convince developing countries to accept loans to improve their economy and create large projects for development, which was to be awarded to American companies. These loans will keep underdeveloped countries from developing and thus developed countries will control them. American companies then set interest in this under developed countries due to cheap labor and cheap products. These foreign aids or loans lead to corruption. Some political leaders of these less developing countries are greedy and they
came about a complete transformation of Europe beginning with its transition from a local economy to a global one. The Commercial Revolution transformed the European economy and diplomatic balance of power in the period from 1650 - 1763 through growth in industry and population due to the establishment of new trade routes to the New World, the rise of new economic theories and practices resulting from political and economic centralization, and the downfall and lack of prosperity within various European