international political economy

International political economy (IPE) is a field of study that examines the interplay between international politics, economics, and various social systems and groups. It addresses issues such as international trade, finance, the relationships between wealthy and poorer nations, and the impact of globalization.1

IPE emerged as a subfield of international relations during the Cold War, initially focusing on security but later incorporating economic aspects. Key theoretical perspectives within IPE include mercantilism, liberalism, and structuralism (Marxist or neo-Marxist). These approaches analyze problems at individual, national, and international levels, recognizing the complex links between political and economic factors. Contemporary IPE often grapples with the effects of economic globalization, the role of multinational corporations, and issues of equity and justice.1