Essays on International Political Economy

U.S. Position in the Post-cold War ERA U.S. Position in the Post-cold War ERA

The post-cold war saw the rise and growth of the Western liberalism and capitalism. The fall of the great communist powers gave the opportunity for capitalism to thrive in the world. The era of cold war was a struggle for power, where international political economy the struggle for power and wealth was witnessed and is still present to date. The struggle for power is what creates chances for conflict in the world, “the changes in the distribution of power between states increase the chance of ...

The post-cold war saw the rise and growth of the Western liberalism and capitalism. The fall of the great communist powers gave the opportunity for capitalism to thrive in the world. The era of cold war was a struggle for power, where international political economy the struggle for power and wealth was witnessed and is still present to date. The struggle for power is what creates chances for conflict in the world, “the changes in the distribution of power between states increase the chance of conflict in the international system (Gilpin 1918).” The power shift from dominance by the ...

Introduction:

Economic globalization is the tendency of countries to be less involved less in their domestic markets, and taking a more active part in international markets especially with regard to the import and export trade of goods, services, technologies, and capita.

Characteristics of a globalization:

Globalization has several key characteristics such as economic integration which deals with abolition of tariffs and taxes between countries. This leads to the development transnational trade which reduces the cost of goods for consumer. Globalization of economic activities is another key feature of globalization. In this case, the domestic and international markets control economic activities which leads to the synchronization ...

ITERNATIONAL MONETARY SYSTEMS

Abstract The purpose of this paper was to study three main monetary systems: the Gold Standard, the Bretton Woods, and post-Bretton Woods. International monetary system is a set of methods, tools and intergovernmental bodies, with the help of which the mutual payment and settlement turnover function within the global economy. There existed and succeeded each other three international monetary system. The first one, the Gold standard, was based on gold which was the main form of money. National currencies were pegged to gold, and the gold content of the currencies was correlated with each other at a fixed exchange ...

Introduction

One of the elements in the society that has a huge influence on the economy is politics. Studies related to international political economy seek to find out how politics influences the political and economic relations between nations and within nations. In a nutshell, economic relations refers to the selling and buying off goods and services, investment flow, the poverty and wealth of nations and regions and other related aspects. International political economy seeks to answer questions such as the proper role of governance in the economy. It explores the policies that can be constructed to induce economic prosperity in the nation ...

International Political Economy

International Political Economy

Introduction

Interest groups, domestic politics, and institutions, both domestic and international, are important factors that determine the foreign economic policy of a given country. Interest groups perform certain obligations, based on their capability to regulate competing industries to ensure safe and free trade. Besides, political leaders are required to execute some demands from the voters as pertains to the economy of the country to secure them a win in next elections. Finally, institutions form a link between countries undertaking international trade as they sign treaties to facilitate this trade. Economists have come up with some theories, which illustrate the interplay ...

The concept of globalization is one of the most influential factors in the study of various factors influencing our lives today. Globalization is marked by integration of markets and finance, and the triumph of free market over protectionism as well as creation of a global culture by the forces of technology (Imade, 120) The general ramification of globalization has been positive in the industrial capitals of the world in terms of creating jobs and opening up export oriented markets in Asia and Latin America. However, in developing worlds like Africa, globalization has not generated economic development. Even with the liberalization ...

Compare and contrast the Ideas of Liberalism and Marxism in Global Political Economy.

Introduction The study of cooperation and conflicts between different nation states has been termed as the International Relations; the main purpose of IR had always been on the issues pertaining to peace and war in the region. Recently, in the twenty-first century, there has been a conscious shift from these issues to take into consideration the issues related to wealth and poverty; the issue of who is gaining wealth in the international system has been known as the International Political Economy. ‘Political economy’ was the term used for referring to the study of the general conditions under which the ...

Any individual who has an interest in a business is termed as the stakeholder of that business; this also means that someone who may contribute in some way towards the growth and the success of the business is known as the stakeholder of that business. All the stakeholders differ in their roles and also in their involvement level. When considering the role of particular people, their roles and responsibilities tend to evaluate how critical they are for the operation of the business in reality. The Chief Executive Officer or the CEO is the term used for the head of ...

Development theories are a conglobation of theories concerning the way attractive modification in society is best attained. This paper seeks to give details, carry out a comparison as well as analyze the fundamental theoretical presumptions of interdependence, world system as well as realist theories. Realism is a global theory of relations that states that politics of the world is impelled by competitive opportunism (Rourke, 2010). This theory has four assumptions concerning global relations. These include the assumption that the nation is the most crucial player in the global relations meaning that individuals such as the pope or interest groups such as ...