IMF and its role in International Political Economy Political economy is not a new word for us because of the close relationships between politics and the economy. The development in politics is due to the development in society and the development in society is mostly driven by the economy. The parallel existence and mutual interaction of ‘state’ and ‘market’ in the modern world creates ‘political economy’; without both state and market there could be no political economy (Gilpin‚ 2003‚ P9). Market
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Key Words exchange rates‚ currency policy‚ monetary policy‚ international capital mobility‚ monetary regimes n Abstract The structure of international monetary relations has gained increasing prominence over the past two decades. Both national exchange rate policy and the character of the international monetary system require explanation. At the national level‚ the choice of exchange rate regime and the desired level of the exchange rate involve distributionally relevant tradeoffs. Interest
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International Political Economy (IPE) also known as Global Political Economy is an academic discipline within the social sciences that analyses international relations in combination with political economy. For example‚ changes in world oil prices‚ the global reach of transnational corporations‚ the impact of volatile currency movements are all demonstrate the interconnectedness of polities and economics in what is now an increasingly internationalised world system. In addiction‚ international political
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benefits of research in this field. You should make reference to at least two recent or seminal pieces of research. Current issues in the world system generally have been analysed by economic or political aspects. However “the polity is much more influenced by economic developments than many political scientists have admitted‚ and the economy is much more dependent upon social and political developments than economists in general have appreciated” (Gilpin‚ 2010 : 25). Therefore‚ Political economy combines
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political economy‚ branch of social science that studies the relationships between individuals and society and between markets and the state‚ using a diverse set of tools and methods drawn largely from economics‚ political science‚ and sociology. The term political economy is derived from the Greek polis‚ meaning “city” or “state‚” and oikonomos‚ meaning “one who manages a household or estate.” Political economy thus can be understood as the study of how a country—the public’s household—is managed
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The winners and losers of International Political Economy (IPE)‚ is a question of whom‚ what and why. Who gets what and why does who get what. “Who” describes the winners and “who” also describes the losers of IPE. The winners and losers reffer to the unit of analysis‚ which will be addressed more in-depth in the sections to come. “Why” is associated with the means whereas “what” is concerned with outcomes. Different theoretical approaches offer different explanations to “why‚ what and who”‚ which
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COSATU General Secretary‚ Zwelinzima Vavi’s‚ Keynote Address to the COSATU International Policy Conference 16 May 2012 COSATU NOBs‚ Members of the COSATU CEC‚ Leaders of Alliance partners‚ Distinguished International guests‚ Esteemed delegates and Comrades‚ Allow me to convey special greetings from the leadership of the federation and its structures. We are gathered here today to soberly reflect on the changing global balance of class forces and imperative of how best to reposition the federation
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Taylor “Principles of Scientific Management” Management’s principle: secure the maximum prosperity for the employer and the employee Aim for high excellence and permanent prosperity Maximum prosperity for employee: higher wages + develop worker to highest maximum efficiency to get highest quality of work Max prosperity for employer and employee should = management Scientific management: these fundamental interests are the same since both benefit from each other (long term) Employer (high
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Approaches to study of Politics Falls under Political Science We’re made to do the impossible Summary 1 paragraph will do. Provide the insight -Data -Theory used -approach used - use other references to prove your point 3 x 5 Surname all caps first name email address mobile number On approach deals with different meaning of politics Political Science What is Politics & its scope ? Banned words Politics is dirt Politics is nothing more than a means of rising in the
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BOOK analyzes the globalization of the world economy and its real as well as its alleged implications for the international political economy. Since the end of the Cold War‚ globalization has been the most outstanding characteristic of international economic affairs and‚ to a considerable extent‚ of political affairs as well. Yet‚ as I shall argue throughout this book‚ although globalization had become the defining feature of the international economy at the beginning of the twenty-first century
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