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International political economy (IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. [1] A key focus in IPE is on the power of different actors such as nation states, international organizations and multinational corporations to shape the international economic system and the distributive consequences of international economic activity.
What causes dependency is the inhibition of development and economic/political reform that results from trying to use aid as a long-term solution to poverty-ridden countries. Aid dependency arose from long term provisions of aid to countries in need in which the receiving country became accustomed to and developed a dependency syndrome. [30]
The Galor-Zeira model, established by Oded Galor and Joseph Zeira in 1988, is the first macroeconomic model to examine the influence of economic inequality on macroeconomic dynamics. The model disputes the previously prevalent view, held by the representative agent approach in macroeconomics till the early 1990s, that economic inequality has no ...
According to this theory the differences in economic institutions arise as a consequential effect of the difference in political institutions. In their paper “Paths of Economic and Political Development [4] ” Acemoglu and Robinson discuss the intertwined nature of economic institutions to political ones. The authors conclude that although ...
Newly decolonized countries gained political sovereignty but "felt that their de jure political colonization ended only to be replaced by a de facto economic colonization." [ 1 ] This mission to achieve a more equitable international system was motivated also by increasing inequality in the share of global national income between developed and ...
Since its creation, G-77 members have collaborated with two main aims: 1) decreasing their vulnerability based on the relative size of economic influence, and 2) improving outcomes for national development. [33] World-systems theory has also been utilized to trace CO 2 emissions’ damage to the ozone layer. The levels of world economic ...
Milanovic (2011) points out that overall, global inequality between countries is more important to growth of the world economy than inequality within countries. [95] While global economic growth may be a policy priority, recent evidence about regional and national inequalities cannot be dismissed when more local economic growth is a policy ...
Jean-Jacques Rousseau, Discours sur l'oeconomie politique, 1758. Political economy is a branch of political science and economics studying economic systems (e.g. markets and national economies) and their governance by political systems (e.g. law, institutions, and government).