Podcast
Questions and Answers
What has contributed to the heightened significance of private actors in the global economy?
What has contributed to the heightened significance of private actors in the global economy?
- Decreased government regulations worldwide
- Reduction in trade tariffs
- Globalization and interdependence of countries (correct)
- Increased foreign aid to developing countries
Which event led to a renewed interest in the study of political economy in the 21st century?
Which event led to a renewed interest in the study of political economy in the 21st century?
- The rise of the European Union
- The 2008 Global Financial Crisis (correct)
- The end of the Cold War
- The fall of the Berlin Wall
What major challenge has recently emerged for the multilateral economic order?
What major challenge has recently emerged for the multilateral economic order?
- The rise of social media influence on policies
- The establishment of new trade zones
- Disrupted relations with China (correct)
- Increase in international labor laws
Which of the following issues is NOT typically associated with concerns in political economy?
Which of the following issues is NOT typically associated with concerns in political economy?
What question does International Political Economy seek to address?
What question does International Political Economy seek to address?
How did the 1970s impact global economic stability?
How did the 1970s impact global economic stability?
The Covid-19 pandemic highlighted which aspect of the global economy?
The Covid-19 pandemic highlighted which aspect of the global economy?
In terms of economic relations, what does the term 'North-South' typically refer to?
In terms of economic relations, what does the term 'North-South' typically refer to?
Flashcards
Globalization's Effect on Private Actors
Globalization's Effect on Private Actors
Increased interdependence among countries has heightened the importance of private actors in global economics.
2008 Global Financial Crisis Impact
2008 Global Financial Crisis Impact
The 2008 crisis revived interest in political economy.
Multilateral Economic Order Challenge
Multilateral Economic Order Challenge
Disrupted relations with China pose a significant challenge to the current multilateral economic order.
Animal Rights Activism in Political Economy
Animal Rights Activism in Political Economy
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IPE's Key Question
IPE's Key Question
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1970s Impact on Global Stability
1970s Impact on Global Stability
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Covid-19 and Global Supply Chains
Covid-19 and Global Supply Chains
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North-South Economic Relations
North-South Economic Relations
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Study Notes
Current Themes in Political Economy
- Interdependence of countries due to globalization - movement of people, finances, goods, and services
- Rapid transmission of economic developments globally
- Challenges to the multilateral economic order: strained relations with China, Russian invasion of Ukraine, and rising nationalism
- Increased influence of private actors in the global economy
Importance of Studying Political Economy
- Period of relative stability after WWII, followed by economic recovery in Europe
- The 1970s witnessed significant economic instability - oil crises, inflation, and the Vietnam War
- Renewed interest in the global economy due to these turbulences
- Focus on the influence of politics and power in global economic systems
2008 Global Financial Crisis and Its Impact
- Resurgence of interest in political economy after the crisis
- Uneven economic recovery and rise of nationalist leaders caused concerns about globalism's future
- COVID-19 pandemic highlighted the resilience and vulnerabilities of global supply chains
Key Concerns of Political Economy
- International trade and economic relations
- East-West and North-South divides
- Challenges faced by developing countries
- Energy security and environmental issues
- Labor conditions and gender equality
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Description
This quiz explores the interdependence of countries in the context of globalization, highlighting the rapid transmission of economic developments and the challenges faced by the multilateral economic order. It also examines the historical significance of political economy during pivotal events like the 2008 financial crisis and the COVID-19 pandemic.
