Many political scientists believe that economic forces and conditions are the key determinants of the course of world politics. The three basic approaches to the concept of international political economy are mercantilism, liberalism, and structuralism.
Mercantilism is the approach taken by economic nationalists, those who believe that a state should use its power to build its own economic strength.
Liberalism is the basis of those who believe in economic internationalism. This idea states that economic relations should be conducted cooperatively so that prosperity would be available to all.
Structuralism is an approach that says that politics is determined by the way in which the world is structured economically, that is, between the haves (the EDCs) and the have nots (LDCs).
The exercises in this chapter ask you to examine several economic topics such as eCommerce, Free Trade, and international approaches to economy.
Examine the arguments for and against free international economic interchange. Then focus on the steel tariffs and give your recommendations. |
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Explain why politics and economics are intertwined aspects of international relations. Match situations with the correct terminology describing various economic approaches. |
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Analyze the key issues surrounding e-commerce and the role of the WTO in regulating e-commerce, then provide your own opinion. |
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Consider the explanations offered for the existence of the economic gap between the North and South and then examine the geographical distribution of gross national income per capita on the map. |
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Further investigate the issues in international economy via the Web links provided for this chapter. |