Podcast
Questions and Answers
How does International Political Economy (IPE) propose to examine the global system?
How does International Political Economy (IPE) propose to examine the global system?
IPE proposes a fusion of economic and political analysis to form a holistic approach.
What is the role of markets in the context of international economic relations, according to IPE theories?
What is the role of markets in the context of international economic relations, according to IPE theories?
Markets are the locations where trading occurs based on demand and supply.
Mention three global issues that require purposeful system change, as identified in the text.
Mention three global issues that require purposeful system change, as identified in the text.
Economic development, power rivalry, and labor migration.
In what way does awareness of IPE benefit students of International Relations?
In what way does awareness of IPE benefit students of International Relations?
What tension does the text say unsettles any neat distinction between problem-solving approaches?
What tension does the text say unsettles any neat distinction between problem-solving approaches?
What do International Political Economy theories attempt to explain regarding system change?
What do International Political Economy theories attempt to explain regarding system change?
How can keeping the dialogue between competing viewpoints alive help tackle global problems?
How can keeping the dialogue between competing viewpoints alive help tackle global problems?
Based on the text, how do various IR theories relate to international economic relations?
Based on the text, how do various IR theories relate to international economic relations?
Referring to the text, what should be tackled much more convincingly if we manage to keep alive the dialogue between competing viewpoints?
Referring to the text, what should be tackled much more convincingly if we manage to keep alive the dialogue between competing viewpoints?
Based on International Political Economy theories, what question should the change of global system influence?
Based on International Political Economy theories, what question should the change of global system influence?
Flashcards
International Political Economy (IPE)
International Political Economy (IPE)
Studies the reciprocal relationship between politics and economics in the global system.
Markets
Markets
The location where trading occurs based on demand and supply, involving households and organizations.
IPE's holistic approach
IPE's holistic approach
Acknowledges the economic foundations of global order and seeks to examine the global system.
Global governance vs. deglobalisation
Global governance vs. deglobalisation
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System change influence
System change influence
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Political actors
Political actors
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Study Notes
- International Political Economy (IPE) studies the mutual relationship between politics and economics in the global system.
- It fuses economic and political analysis for a holistic examination of the global system.
- This approach both complements and transcends the family of theories discussed earlier in the book.
- It considers guiding questions from trade, production, finance, and their interaction with political pressures in rich and poor nations.
- It also addresses strategies of transnational corporations and international organizations.
- Understanding IPE is vital for International Relations students because it reveals divisions in the discipline regarding global system progression.
- It also highlights how resource allocation changes.
- IPE theories offer varied perspectives on how system change affects resource allocation.
- They connect political actors across states to international economic relations.
- Economic relations are built upon markets where trading occurs based on supply and demand.
- Individual households and productive organizations engage as buyers and sellers, exchanging goods and services at set prices.
- For market participants, modifying the global system is a point of contention.
- Tensions between global governance and deglobalization complicate distinguishing between small-scale and transformative efforts.
- Effectively addressing global issues like economic development, power rivalry, and labor migration requires maintaining dialogue between different viewpoints.
- Gunter Walzenbach authored 'International Political Economy' in McGlinchey, Stephen.Foundations of International Relations. London: Bloomsbury.
- Gunter Walzenbach is a Senior Lecturer in European Politics at the University of the West of England, Bristol.
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