Theories of International Political Economy exam with correct answers 2024
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Course
Theories of International Political Economy
Institution
Theories Of International Political Economy
What is the global political economy? correct answers It is how politics and economics interact at the global level. The political economy refers to a whole array of forces that impact on us.
What does the Global Political Economy take into account? correct answers - The actions of other firms...
What is the global political economy? correct answers It is how politics and economics
interact at the global level. The political economy refers to a whole array of forces that
impact on us.
What does the Global Political Economy take into account? correct answers - The
actions of other firms.
- Fluctuations in national economies and the global economy
- Laws, regulations, cultures, policies, technology, institutions.
3 IPE theories correct answers Economic nationalism, Liberalism and The critical
perspective (Marxism, feminism and environmental theories)
Asian financial crisis - Causes, Key issues and Lessons for Economic Nationalism
correct answers C - Premature liberalization
K I - Anglo-american vs Asian model
L - Increase state control, decrease financial speculation
Asian financial crisis - Causes, Key issues and Lessons for Liberalism correct answers
C - State financial policies misallocated resources "crony capitalism"
K I - Corruption and non-liberal policies
L - Liberal & transparent economic policies
Asian financial crisis - Causes, Key issues and Lessons for Critical correct answers C -
Capitalism's systemic flaws; US-driven agenda
K I - Uneven distribution of consequences
L - Regulate and increase control of global financial system
Historical Background of Economic Nationalism correct answers Expansion of nation-
state in Europe (15th Century): Mercantilism
Finite amount of wealth
Trade is a "zero-sum game"
Founding fathers of Economic Nationalism and their ideology correct answers
Alexander Hamilton, Fredrich List.
Maximising net exports and restricting imports is the best route to national prosperity
Two main assumptions of Economic Nationalism correct answers The state is the main
actor in the GPE: other actors, such as firms are subordinated to political authority.
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