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International Relations Today by Aneek Chatterjee

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10

International Political Economy

Political Economy is not too new a branch of study in social science. It developed with the spread of capitalism in Europe, as also with the progress of academic discourses on capitalism, spearheaded by scholars like Adam Smith, David Ricardo, Karl Marx, Friedrich Engels, Max Weber and others. It attempts to analyse the impact of economic activities on politics and statecraft, and how economy and politics interact with one another. Likewise, International Political Economy (IPE) is the study of international relations on the basis of economic activities taking place around the world and their analyses. With the onset of globalization from the mid-1980s, a renewed interest in IPE has developed among scholars. ...

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