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Definition:
International Political Economy (IPE) can be defined as an analytic effort to break down the barriers between politics, economy and sociology and their methods of analysis seeking a comprehensive study of mainly global or international issues and events.
Three Interdisciplinary perspectives of IPE:
*Mercantilism and Economic Nationalism: This perspective is very close to realist perspective and advocates the the national interests and control of market economy in order to increase wealth and power by promoting exports and reducing imports.
*Economic Liberalism: Unlike mercantilism, this perspective advocates the individual interests, capitalism and free trade.
*Structuralism: This perspective derives from Marxism and Leninism describing the class interests shape the market economy of a country.
Levels of analysis of IPE:
-Individual level
-State level
-International level
-Global Level
Four Structures of IPE:
*Security: security threats from state and non-state actors
*Production and trade: Who produces and for whom
*Finance and monetary: Patterns of money flow
*Knowledge and Technology: Knowledge as power.
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When was Review of International Political Economy created?
Review of International Political Economy was created in 1994.
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