CHAPTER 5
Political Economy of International Relations
INTRODUCTION
The economic system is always a determining force behind any political system. International relation is also a study of political structure, and it would be incomplete without a comprehensive understanding of the political economy of international relations. To understand the political-economic perspective of the world order we need to investigate the origin and structures of the economic order created by the Bretton Woods Conference, World Trade Organization, G-20, BRICS, and North-South Dialogue.
BRETTON WOODS SYSTEM
A system of monetary and financial management was established to enhance cooperation in the international arena. It laid down rules and regulations to govern ...
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