Podcast
Questions and Answers
What is International Political Economy (IPE) primarily concerned with?
What is International Political Economy (IPE) primarily concerned with?
- Cultural exchange and diplomacy
- Military alliances and global conflicts
- Technological advancements in global trade
- Wealth, poverty, and power in the international economic and political system (correct)
Which classical theories are considered the most important in the field of IPE?
Which classical theories are considered the most important in the field of IPE?
- Mercantilism, economic liberalism, and neo-Marxism (correct)
- Keynesian economics, monetarism, and supply-side economics
- Austrian economics, institutional economics, and complexity economics
- Feminist economics, green economics, and behavioral economics
According to classical liberal economists, what is the role of the state in the market?
According to classical liberal economists, what is the role of the state in the market?
- Controlling all aspects of the market to ensure fairness
- Intervening heavily to regulate prices and production
- Leaving the market alone, including international markets as well as national markets: laissez-faire (correct)
- Acting as the primary producer and distributor of goods and services
What is the international economy expected to be based on according to classical liberal economists?
What is the international economy expected to be based on according to classical liberal economists?
According to Marx, what is the basis of society?
According to Marx, what is the basis of society?
What did Marx see as the primary source of capitalist profit?
What did Marx see as the primary source of capitalist profit?
What did Marx view capitalism as destroying?
What did Marx view capitalism as destroying?
According to Marxists, what drives politics?
According to Marxists, what drives politics?
What is the primary driver of economics according to mercantilists?
What is the primary driver of economics according to mercantilists?
Who are the two antagonistic classes in capitalism according to Marx?
Who are the two antagonistic classes in capitalism according to Marx?
What do Marxists believe drives states?
What do Marxists believe drives states?
What is seen as a more recent manifestation of capitalist expansion compared to imperialism and colonization?
What is seen as a more recent manifestation of capitalist expansion compared to imperialism and colonization?
What did Marx and Engels criticize about capitalism?
What did Marx and Engels criticize about capitalism?
What does the Marxist framework for IPE emphasize in international relations?
What does the Marxist framework for IPE emphasize in international relations?
What did the early 20th century see in terms of Marxist analyses?
What did the early 20th century see in terms of Marxist analyses?
According to Cox's framework, historical structures are made up of which three categories of forces?
According to Cox's framework, historical structures are made up of which three categories of forces?
In Cox's framework, what does the term 'social forces' refer to?
In Cox's framework, what does the term 'social forces' refer to?
According to Cox, what is the long-term tendency for world order?
According to Cox, what is the long-term tendency for world order?
What is Immanuel Wallerstein's key focus in his analysis?
What is Immanuel Wallerstein's key focus in his analysis?
'World economies' as described by Wallerstein are characterized by what type of political structure?
'World economies' as described by Wallerstein are characterized by what type of political structure?
'Forms of state' in Cox's framework point to what aspect of state behavior?
'Forms of state' in Cox's framework point to what aspect of state behavior?
What does Robert Cox's framework theorize as the interaction between?
What does Robert Cox's framework theorize as the interaction between?
What was China's position with regard to a breakthrough to modern capitalism according to Wallerstein?
What was China's position with regard to a breakthrough to modern capitalism according to Wallerstein?
What did Wallerstein draw inspiration from when discussing a developed core and an undeveloped periphery?
What did Wallerstein draw inspiration from when discussing a developed core and an undeveloped periphery?
What is the dominant feature of core areas according to Wallerstein?
What is the dominant feature of core areas according to Wallerstein?
According to Lenin, what did he emphasize about capitalist expansion?
According to Lenin, what did he emphasize about capitalist expansion?
What was the reason behind Britain's vast colonial empire in the late 1800s?
What was the reason behind Britain's vast colonial empire in the late 1800s?
What led to the demand for a redivision of international spheres of influence at the beginning of the 1900s?
What led to the demand for a redivision of international spheres of influence at the beginning of the 1900s?
What did the demand for redivision between Germany and Britain lead to?
What did the demand for redivision between Germany and Britain lead to?
What does Lenin's theory of uneven development call for?
What does Lenin's theory of uneven development call for?
How has the nature of economic interdependence between countries changed throughout history?
How has the nature of economic interdependence between countries changed throughout history?
What do both Marxist and realist perspectives agree on?
What do both Marxist and realist perspectives agree on?
According to Marxists, what are the underlying social forces driving state conflict?
According to Marxists, what are the underlying social forces driving state conflict?
How do realists see history?
How do realists see history?
How does the state function within the capitalist system according to the text?
How does the state function within the capitalist system according to the text?
Who is a prominent neo-Marxist analyst of world politics and political economy according to the text?
Who is a prominent neo-Marxist analyst of world politics and political economy according to the text?
According to Wallerstein's world systems analysis, which area is economically mixed and acts as a middle layer between core and peripheral countries?
According to Wallerstein's world systems analysis, which area is economically mixed and acts as a middle layer between core and peripheral countries?
What is the basic mechanism of the explanation provided by Wallerstein for the capitalist world economy?
What is the basic mechanism of the explanation provided by Wallerstein for the capitalist world economy?
According to Wallerstein, what does the transfer of economic surplus from the periphery to the core involve?
According to Wallerstein, what does the transfer of economic surplus from the periphery to the core involve?
What does Wallerstein argue about the development of the periphery in contrast to classical Marxism?
What does Wallerstein argue about the development of the periphery in contrast to classical Marxism?
According to Wallerstein, what role does the semi-periphery play in the world economy?
According to Wallerstein, what role does the semi-periphery play in the world economy?
What does Wallerstein emphasize about the capitalist system's hierarchy?
What does Wallerstein emphasize about the capitalist system's hierarchy?
What does Wallerstein see as the long-term prospect for the capitalist system?
What does Wallerstein see as the long-term prospect for the capitalist system?
What are some similarities between Wallerstein’s world systems analysis and Waltz’s neorealist analysis?
What are some similarities between Wallerstein’s world systems analysis and Waltz’s neorealist analysis?
What is one important difference between Wallerstein’s world systems analysis and Waltz’s neorealist analysis?
What is one important difference between Wallerstein’s world systems analysis and Waltz’s neorealist analysis?
Study Notes
- Lenin, the Communist leader, emphasized the unequal nature of capitalist expansion between countries, industries, and firms.
- Britain had a vast colonial empire in the late 1800s due to its economic superiority over Germany.
- Germany was catching up economically at the beginning of the 1900s, leading to a demand for a redivision of international spheres of influence.
- This demand for redivision led to war between Germany and Britain, highlighting the continuous disparities and conflicts under capitalist conditions.
- Lenin's theory of uneven development calls for an historical analysis of capitalist expansion.
- The nature of economic interdependence between countries has changed throughout history. Around the First World War, it was arm's-length import/export relations between independent companies; today, it is often integrated circuits of production between subsidiaries of the same transnational company.
- Both Marxist and realist perspectives agree on the perennial competition and conflict between states.
- Marxists argue that the underlying social forces driving state conflict are the ruling classes, who pursue economic and political interests for international dominance and control.
- Realists see history as a repetition of states competing in anarchy, while Marxists emphasize the importance of historical specificity.
- The state is a strong actor in its own right, with its own institutions, means of violence, and economic resources, but it still functions within the capitalist system to safeguard it.
- Robert Cox is a prominent neo-Marxist analyst of world politics and political economy.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Test your knowledge of world systems theory, which categorizes countries into core, semi-peripheral, and peripheral based on their economic activities and relationships.
