GLOBAL POLITICAL ECONOMY

Question 1

International Political Economy term coined by

Answer 1

Robert Gilpin

Question 2

Susan Strange define IPE as

Answer 2

Relation between state and market

Question 3

Realism view on IPE

Answer 3

State curated int economy as their policy to check on other and their power
2) Int relation with other checks their dominance and hegemony in the world

Question 4

Liberal view on IPE

Answer 4

Under Rational CHOICE THEORY- where govt has practical decision making state only as to arrange conditions for the international trading. no barriers

Question 5

Marxism view on IPE

Answer 5

Explains it as a CLASS STRUCTURE LIKE THOSE WHO GOT MEANS OF PROD. ARE BENEFITTING MORE

Question 6

NEO MARXIST THEORY

Answer 6

Dependency Theory( Dependent on labour and all)
and World System Theory Immanuel Wallerstein)

Question 7

Gramscian Theory

Answer 7

All about hegemony

Question 8

Social Constructivism

Answer 8

Generate ideas of how these ideas shape world economic structure

Question 9

John Ruggie

Answer 9

Embedded LIberalism - After ww2 when eco destroyed they rise up again tried to open up their economy to the international sphere to roll back up their economy

Question 10

Why Europe flourish

Answer 10

1. Modernism theory
2. The golden Age - eric Hobsbawm
   3 Underdevelopment theory - Max Weber critique through the concept of development as in how the west has described the concept of development and underdevelopment

Question 11

Nixon allowed dollar

Answer 11

to float freely in the market from stagflation

Question 12

Critical theory what and by who

Answer 12

Robert Cox ; Emphasis on the relation with ideas and material capabilities; like if you recognise with the idea and everybody follows that too then materialistic ambition will also be the same.