Description

1. What is International Political Economy?

International Political Economy (IPE) studies the relationship between politics and economics at the international level.

It asks questions such as:

• Who has economic and political power?
• How do governments influence markets?
• How do markets influence governments?
• Who benefits from the international economic system?

2. States and markets

The central idea of the book is that states and markets are closely connected.

• States make laws, regulate economic activity, provide security and influence trade.
• Markets determine production, prices, investment and the movement of goods, services and capital.

Neither can be properly understood in isolation. Strange develops a structural approach for examining how political authority affects markets and how market forces affect states