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Analysis of the Theoretical Approaches to International Political Economics - Research Paper Example

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This paper examines the concept of International Political Economy (IPE). It begins by evaluating the concept of International Political Economy and some of the key factors, mainly political, economic and historical elements. The paper focuses on three main elements…
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Analysis of the Theoretical Approaches to International Political Economics
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Download file to see previous pages International Political Economy (IPE) is a very broad discipline which explores different elements of the financial and economic aspects of international studies (Frieden and Lake, 2000 p3). This is done through an evaluation of various power and wealth distribution systems and methodologies that give an idea of how collective units of societies are faring in economic matters.
Due to the broad nature of this IPE, it lends itself to numerous systems and methods of analysis and evaluation. This paper examines three of the main theories of evaluating international political economies; International Trade, International Finance, and Third World development. The research undertakes a comparative analysis of the main assumptions of these theoretical elements of IPE and evaluates how they operate. In attaining this end, the strengths and weaknesses of each of the concepts will be evaluated. Also, comparative analysis will be conducted on these three theories.
The research will be done through the evaluation of secondary sources. It will involve the identification of key elements of these concepts. This will be followed by the researcher's opinions on their appropriateness and how well they operate in attaining the main ends of IPE on the global and inter-regional levels.
The evolution of International Political Economy as a discipline of social science and a branch of academia is credited to economists, political scientists, and historians (Cohen, 2008 p6). This is because the concept of IPE attempts to integrate these three different fields to provide a system of analyzing economic systems and structures. Basically, economics provides the traditional measures and systems for the analysis of individual nations and groups of nations for the purposes of comparison and evaluation on a period-to-period basis and a region-to-region basis. ...Download file to see next pagesRead More
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