New International Political Economy
International Political Economy (IPE) can be defined as a Neo-Marxist theory that focuses on the phenomenon of international inequalities and analyzes the universal effects of neo-colonialism. IPE is a combination of international relations and political economy, concentrating primarily on examining the relationship between political forces and economic interactions.
"Political economy is a social science that analyzes political and economic processes, their interrelations, and their influence. Political economy recognizes the importance of norms, values, and policies in shaping the behavior of individuals, groups, and social institutions" - The College of Idaho
"International relations is a branch of political science concerned with relations between nations and primarily with foreign policies" - Merriam-Webster''
- There has not yet been established a universally concise definition of the term “international political economy." Some define it as an interdisciplinary field that expands the established theories of Political Science and Economics, while others view it as a new discipline with theoretical constructs of its own. Others define it simply as a field of study. The academic boundaries of IPE are flexible."IPE has been characterized by multiple intellectual traditions, reflecting the hybrid nature of the field itself.". This page accounts only for the sociological perspective of IPE.
Read more about New International Political Economy: Origin, Intellectual Influences, Updated Concepts, Debates and Criticisms
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