Questions and Answers
Which organization was established to provide interest-free loans and grants to the world's poorest countries?
International Development Association (IDA
Which of the following is NOT discussed in the text?
The history of the European Union
Which decade saw the emergence of the study of Global Political Economy?
1970s
Which theory of Global Political Economy emphasizes the role of power and self-interest in international relations?
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Which theory of International Political Economy emphasizes the role of power in shaping international economic relations?
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What is the Prisoner's Dilemma?
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According to Marx's Political Economy, what is the source of economic value?
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What is the role of institutions in increasing chances of cooperation in the International System?
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What is the concept of free riding in International Political Economy?
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What is the Reciprocal Trade Agreement Act?
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Which game theory scenario involves two players choosing between cooperation and defection?
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What American values were imparted to the International trade system following WWII?
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What is the role of institutions in increasing chances of cooperation in the International System?
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What is the International Trade Organization?
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Study Notes
This text covers various topics related to Global Political Economy, including the difference between IDA and World Bank, the emergence of the study of Global Political Economy in the 1970s, Realist IPE/GPE, Marx's Political Economy and IPE/GPE, the concept of free riding, the Prisoner's Dilemma and Stag Hunt games, the reasons for cooperation failure in the International System, the role of institutions in increasing chances of cooperation, the characterization of institutions, tariffs, the Reciprocal Trade Agreement Act, American values imparted to the International trade system following WWII, and the International Trade Organization.
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