Name: Lecturer: Course: Date: (IPE) International Political Economies Introduction International Political Economy (IPE) is the fast developing social science discipline that endeavors to understand the international and global issues through employing varied analytical or theoretical perspectives…
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Frieden and David (31) argue that IPE is a maturing interdiscipline because of the great attempts towards solving the political and economic issues across the globe. The IPE field has undergone a significant transformation over the past thirty years. Hence, the IPE has become a popular area of study of relations of politics and economics in the global arena. Even though there are considerable variations between disciplines, the political and economic analysts are uninformed of corresponding advancement in the other arenas, but IPE is swiftly evolving as a true interdisciplinary. International Political Economy is a maturing Interdiscipline because the international trade now counts for about 38 percent of GDP (Gross Domestic Product). Imports and exports comprise 49 percent of the total national output in developing nations. The flow of FDI (Foreign Direct Investment) has doubled relative to GDP for the past two decades. According to Frieden and David (96), globalization now permits corporation, entrepreneurs and states to trade effective across the globe in a clear way, more than ever. The IPE arena is considerably maturing because of increased globalization. The political scientists have now started identifying themselves as the International political economists, but OEP( Open Economy Politics) bridges the political and economic disciplines; thus providing a vehicle for synthesizing the work performed in both arenas. Evolution of IPE, Interdisciplinary Origins and its relationship with IR, Comparative Politics and Economics IPE emerged as the international economy in the earlier 1960s and sparkle interests, in the field of political international economy. It emerged in the political fields and drew varied sources such as economics, history and the international relation (IR); thus manifesting itself as a disciplinary that remains up to date (Cohen 24). However, after the Post War, the IPE emerged and since then, varied changes have taken place. The end of the Cold War contributed to the economic liberation and the emergence of IPE as a discipline that focuses on political, as well as economic issues across the globe. This was the period when many states signed allies that provided a framework through which the world economy could function. Although, the main allies contributed to economic conflicts, earlier political leaders and the federal government introduced polices that aimed to maintain security of industries. The government laid emphasis on security and agreement made in the international trade offered the state political glue that joined the global economy together. Moreover, during the year 1970s, the IPE emerged as deviating international study approach in the political and economic arena. However, it started emerging as an interdisciplinary approach during the year 1973 after the emergence of the world oil crisis (Hall 272). Thus, it alerted may scholars especially in the United States on the significant changes to economic foundation of the global order. Therefore, earlier scholar started laying more emphasis on the IR and the related disciplines in politics, diplomatic history, economic, law and order. The IPE proposed a union in the political and economic field by drawing their views more on sociology and economic history. Some scholar such as Karl Marxist protest against the historical sociology and emphasized on the significant
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“IPE (International Political Economies) Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/macro-microeconomics/1458686-ipe-international-political-economies.
According to Friedon, J. and Martin, L. (2003, p.118), “the boundaries of IPE are not always clear”. It covers domestic trade politics, policies on FX rate, politics with the World Trade Organization (WTO), international trade of goods and capital, as well as the interaction between the domestic and international economic and political factors.
This paper accesses the most appropriate theoretical approach in the international political economy. The field of international Political Economy thrives as a result of disciplinary breakdown between political and economics in social sciences. Most of these problems are inter and trans-disciplinary in nature.
The best entry mode will be using strategic alliances since the company stands to benefit from the networks developed by the Brazilian firms, which will help it gain reputation in the unchartered region. The best method of distribution will be outsourced manufacturing since the company will operate under low production costs.
The role of pharmacists is pivotal since they have much to offer when it comes to caring for dying patients; however they are also important for non-terminal patients. “Pharmacists practicing in U.S. health systems have been active in defining and providing palliative care since the introduction of hospice through a demonstration project supported by the National Cancer Institute and conducted in New Haven, Connecticut, between 1974 and 1977” (Lipman, 1975, p270) End-of-life or hospice care requires one to take care of all the medication.
Neorealism national security and defence is important for the growth and development of the economy.3 While Liberalism, Marxism (and Gramscianism) and Neorealism have common grounds such as the importance of a ruling body to maintain internal and external peace and order, they also differ in other aspects such as what factors control economic growth and core beliefs of each theory.
It is through the flow of the international currencies to economies that affect the rules under which institutions are formed and governed, while also determining the success of businesses (IMFS 126). The structure of the international monetary and finance affects the political relationships between countries globally, thus explaining why the powerful countries are able to exert their authority and power over the less developed and less influential countries in the world.
As has been previously discussed and understood within preceding chapters of the text in question, the concept of economic distribution and state power is termed as international political economics (IPE). Accordingly, chapters 7 and 8 within the text discuss the way in which international political economics helps to determine the growth and development of a given nation, and delineate the power that supranational organizations and entities have with respect to setting the tone for the way in which these interactions will take place, debt will be administered, collected, and the currency mechanisms that would be employed.
The orthodox approach to ‘International Political Economy’ stands in contrast to the new meaning attached to the term. Now, it refers to distinct related approaches with basic assumptions, unlike orthodox economics, to study economic and political behaviour
The imperceptible school of thought in international politics economy has become divided. This division is mainly between the rationalists and critical scholars. However, recent developments point towards a scope in rebuilding it and the dramatic
Maswood (2000) stated that the main purpose of the feminist theory of IPE is to understand the effects of gender on international politics and then elaborate the feminist understanding of the international processes. The Feminist
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