International Political Economy Flashcards
1
Q
What is the age of Mercantilism
A
economic theory that trade generates wealth
- so it is in the interest of the state to promote exports and restrict imports
2
Q
What are the key themes of Liberal Political Economy
A
individual initiative, competition, pursuit of self-interest
3
Q
What is Critical international Political economy
A
emphasizes class struggle, exploitation, and imperialism
4
Q
What is the North- South gap
A
economic gap between developed north and under developed south has widened since the 1979s
5
Q
How does Dependency theory see the gap?
A
As necessary to maintain global capitalism
6
Q
How does liberal theory see the gap
A
Point to issues of governance
7
Q
What is Regionalization
A
complex process of political, social, and economic integration.
