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What is political economy?

Political economy most commonly refers to interdisciplinary studies drawing upon economics, sociology and political science in explaining how political institutions, the political environment, and the economic system — capitalist, socialist, communist, or mixed —influence each other.

What is the relationship between economics and politics?

Elected politicians could then weigh up this economic information and decide. In practice there is a strong relationship between economics and politics because the performance of the economy is one of the key political battlegrounds. Many economic issues are inherently political because they lend themselves to different opinions.

What is International Political Economy?

International political economy: Also called global political economy, which is slightly different, this approach analyzes the link between economics and international relations. It draws from many academic areas including political science, economics, sociology, cultural studies, and history.

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