Political Economy and Development

Questions and Answers

What is the title of the course?

Global Political Economy

Political Economy and Development (correct)

International Economic Order

International Relations and Law

What is the credit value of the course?

4 Credits

3 Credits (correct)

2 Credits

5 Credits

Who is the instructor teaching the course?

John S. Mill

Robert Gilpin

Jawad N. Salman (correct)

Jane M. Gilpin

What is the main textbook for the course?

The Political Economy of International Relations Signup and view all the answers

What is the focus of international political economy?

The relationship between economic changes and political changes Signup and view all the answers

What is political economy concerned with?

Trade or business and their relationship with law and governments Signup and view all the answers

What do topics governed by political economy include?

Market, production, and other economic related topics and their relationship to the state's politics and policies Signup and view all the answers

What is the name of the department offering the course?

Department of Public Law Signup and view all the answers

What is a major concern for states in the international political economy?

Unequal distribution of wealth and power among participants Signup and view all the answers

What is the main focus of international political economy?

The impact of the world market economy on international relations of states Signup and view all the answers

How do states respond to market interdependence?

By seeking to influence market forces for their own advantage Signup and view all the answers

What is a key aspect of the interaction between economic and political change?

Competition among states over the global location of economic activities Signup and view all the answers

Why do states want to move up the technological ladder?

To reap the highest value-added return from their contribution to the international division of labor Signup and view all the answers

What do states want to have control over in the international monetary system?

Their own decision-making about the rules of the international monetary system Signup and view all the answers

What is a key feature of international economic affairs?

Economic and political issues are deeply entwined Signup and view all the answers

What is a major goal of states in the international political economy?

To achieve disproportionately greater benefits for themselves in international trade Signup and view all the answers

What is a primary characteristic of a market economy that drives its dynamic nature?

The central role of competition in determining individual and institutional behavior. Signup and view all the answers

How does a market economy influence the distribution of wealth and power?

It leads to an uneven distribution of wealth and power, favoring some over others. Signup and view all the answers

What does the text suggest about the relationship between market forces and political boundaries?

Market forces can often clash with political boundaries, leading to conflicts. Signup and view all the answers

What is a consequence of a market economy's impact on the distribution of wealth and power?

It can contribute to social and political fragmentation within and between societies. Signup and view all the answers

What does the text imply about the assumption of a fundamental harmony of interest in a market economy?

The assumption is often inaccurate, as interests can be conflicting. Signup and view all the answers

What is a key factor that determines the survival of economic actors in a market economy?

Efficiency and ability to adapt to market demands. Signup and view all the answers

What does the text suggest about the impact of market forces on international politics?

Market forces can contribute to both cooperation and conflict in international politics. Signup and view all the answers

How are the distribution of labor and benefits determined in a market economy?

By a combination of market forces, power, and good fortune. Signup and view all the answers

What is a key concern of international political economy?

The clash between domestic autonomy and international governance Signup and view all the answers

How can the economic nature of a state be categorized?

By its political and economic systems Signup and view all the answers

What defines a market economy?

An economy in which goods and services are traded based on relative prices Signup and view all the answers

What is a characteristic of a perfect market?

It is open to all potential buyers and sellers Signup and view all the answers

Which factor is crucial to understanding market differences?

The freedom of participants to enter the market Signup and view all the answers

Which statement about France's economy can be debated?

It has a blend of both capitalist and socialist elements Signup and view all the answers

What role does the market play in international relations?

Markets are crucial for understanding global economic interactions Signup and view all the answers

What is one possible challenge in the international political economy?

Balancing state autonomy with international cooperation Signup and view all the answers

Study Notes

Course Overview

Political Economy and Development (11102513) focuses on the interplay between political and economic systems.
Offered by the Faculty of Law and Political Science at An-Najah National University.
Major in Law and Minor in International Relations.
Course worth 3 credits and falls under Sub-specialty Requirements.

Key Texts

Main Textbook: The Political Economy of International Relations by Gilpin, R. & Gilpin, J.M. (1987) - available in English and Arabic.
Additional readings include works by Mill, J.S. and Gilpin on principles and global political economy.

Course Contents

Topics covered include the nature of political economy, ideologies, international political economy dynamics, international trade politics, and dependency theory.
Examines the role of multinational corporations in global economic development.

The Nature of Political Economy

Political economy integrates the study of economics, trade, and their legal/governmental contexts.
Addresses the relationship between economic changes and political dynamics globally.

Market and State Relationship

International political economy emphasizes how market changes affect political structures and vice versa.
Questions the future of economic order and political leadership amid changing economic realities.
Investigates the balance between state autonomy and international regulatory frameworks.

Economic Consequences of Markets

Defined as systems where goods and services are traded based on relative prices.
Markets vary in openness and how much influence participants have on exchanges.
An ideal market lacks monopolistic power; however, real-world markets do not perfectly fulfill this model.

Characteristics of Market Economy

Relative prices, competition, and efficiency are key to market dynamics.
These elements shape economic, social, and political life profoundly.

Market Dynamics and Political Responses

Economic activities yield varied political outcomes across different groups and states.
Distorted power dynamics disrupt the assumed harmony of interests in market relations.
Wealth and power distribution are uneven, with states strategically steering markets to favor their citizens.

International Political Economy Conclusions

International political economy analyses the world's market economy's effects on state relations.
Focuses on how interdependence, political leadership, and global competition influence economic activities.
States aspire to control trade, investment, and monetary systems to ensure favorable economic outcomes.
Economic and political issues intertwine intricately in all realms of international economic affairs.

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Description

A 3-credit course at An-Najah National University, exploring the relationship between politics and economy, with a focus on development. Covers topics such as international relations and law.