International Political Economy
In recent years the presence of a global economy has become more apparent. Financial institutions throughout the world are now connected through a vast computerized network. As a result of this global economy issues associated with the international political economy has become an increasingly important issue. The purpose of this discussion is to explore the manner in which the three conceptions of the international political economy (Realism, Liberalism, Marxism) differ. The research will also focus on how the advocates of each assess the phenomenon of global integration. Finally the discussion will investigate the merits and the dangers of hegemonic stability in international trade? The discussion will begin with a description of international political economy.
International Political Economy
Political economy is defined as the "theory or study of the role of public policy in influencing the economic and social welfare of a political unit ("Political Economy")."
In a...
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