This website uses cookies to ensure you have the best experience. Learn more

Economics, Politics And (International) Political Economy: The Need For A Balanced Diet In An Era Of Globalisation

6749 words - 27 pages

Even the dogs may eat of the crumbs that fall from the rich man's table; and in these days, when the rich in knowledge eat such specialised food at such separate tables, only the dogs have a chance of a balanced diet.( n1)The Guest Editors of this issue of New Political Economy invite us to 'put the "P" back in to political economy'. This exhortation poses two immediate questions. Who took it out? And, indeed, what is political economy? For economists, some would argue, it has been missing since the development of the marginalist revolution after 1870 when political economy became a theory of choice under constraint in which 'economics is a way of acting and politics is a place to act'.( n2) Once the bifurcation was established, economists and political scientists went their separate merry ways throughout the twentieth century. But, without overestimating the current and still limited interaction between economics and political science,( n3) is a rethink of this intellectual apartheid taking place?Over the last few years scholars of 'mainstream' political science--I cannot resist pointing out--have belatedly begun to recognise what contemporary students of international political economy had taken for granted for three decades: politics and economics are not separable analytical categories.( n4) And in pockets of the economics mainstream--as opposed to the professionally marginalised fringe of policy economists--'policy' is ceasing to be a dirty word. What has caused the re-evaluation? In a word, 'globalisation'. Monodisciplinary analyses cannot cope with it.Now, 'globalisation' is a slippery and fast moving concept. It is also a contested concept that cannot be detailed here save to note that we are in the 'third stage' of the debate over the nature and impact of globalisation.( n5) Phase one saw globalisation as pervasive, with the traditional actor in international economic and political orders--the nation-state--being reduced to the status of a powerless residual category in the face of global imperatives.( n6) Phase two saw a backlash. Little had really changed. Globalisation was but hyperbole and myth.( n7)Phase three reflects greater nuance. There is indeed something different that distinguishes the contemporary era from previous ones. Globalisation needs to be understood as a multifaceted process that is both material (real) across the economic domains and ideational (offering competing normative discourses of knowledge of how the global economic and political orders might function). But this is a developing, contingent, and by no means irreversible process in which a range of actors--states, international institutions, non-state actors such as multinational corporations (MNCs), global social governments (GSMs) and non-governmental organisations (NGOs)--play increasingly significant roles.It is the complex nature of phase three that demands the presence of the 'P' in (international) political economy. This article suggests this must...

Find Another Essay On Economics, Politics and (International) Political Economy: The Need For a Balanced Diet in An Era of Globalisation

International Political Economy Essay – China and The New Economic Order

2989 words - 12 pages academics whowereintheleadingpositionto shape China's developmentalpath. Addressing the challenge that China presents for a contemporaryglobalpolitical economy of communication, then, fIrst and foremost entails an analysis of the nature of the Chinese state in the era of information capitalism. As discussed above, this is a state that began in a social revolution and in Third World internationalism, and has, more recendy, in the view ofJoshua Cooper

A brief summary of the Liberal approach to international political economy

1828 words - 7 pages following will present a brief outline of the history behind today's Liberalism, Liberalism's view of the role it should play in international political economy (IPE), as well as a critical evaluation of the policies enacted by its current practitioners.Before beginning, it seems necessary to define the main term in the discussion - Liberalism. The word itself means many things to many people, but for the purposes of this essay Liberalism refers to an

Human Trafficking in regards to International Political Economy - International Political Economy - Research Paper

2068 words - 9 pages Nasro Omar 6 May 2015 International Political Economy Research Paper Dr.Eiji Kawabata Human Trafficking Human trafficking has been a major issue in the world as it is known to be the fastest growing enterprise of organized crime. Especially among men, women, and young children. When we think about human trafficking, we think of crimes that occur on the corner of streets but in reality it is a global issue. To the contrary, modern day slavery is

Political economy is basically a debate between Adam Smith and Karl Marx - International Relations - Essay

3468 words - 14 pages , F. (2002). Max Weber. Psychology Press. Tabb, W. K. (2002). Reconstructing Political Economy: The Great Divide in Economic Thought. Routledge. Schumpeter, J. A. (2003). Ten Great Economists. Routledge. Wood, J. C. (2004). Karl Marx’s Economics: Critical Assessments. Taylor & Francis. Brown, V. (2007). The Adam Smith Review. 3. Routledge. Vestergaard, J. (2009). Discipline in the Global Economy?: International Finance and the End of Liberalism

The Role of Red Meat in a Balanced Diet

1150 words - 5 pages vegetarians compared with meat eaters”. It is surprising that Ruxton did not incorporate a “balanced approach” in her discussion of a balanced diet and how red meat fits into the picture. In summary, it was clear that Ruxton wrote the article for the benefit of the Meat Advisory Panel, it had the characteristics of an advertisement, and it did not have clear arguments as to why red meat should be included in a healthy diet. On the contrary

Obseity: From the Lack of Exercise and a Balanced Diet

834 words - 4 pages Obesity in this country is growing at an unheard of rate and two of the significant reasons for this are the lack of Exercise and the lack of properly balanced school lunches. The lack of school ground equipment is mostly blamed on costly lawsuits to the schools from injuries occurring on the equipment. The lack of nutrition in school lunches have been caused by the need to serve hundreds of students in a matter of around four lunch

Weight Loss and a Well Balanced Diet

845 words - 3 pages Weight Loss and a Well Balanced Diet When choosing a diet, more than just weight loss should be considered. In addition, other health factors should be looked at as well. The Atkins diet, being a low carbohydrate diet, does not take into account factors other than weight loss and puts participating subjects at risk for long and short-term health problems. In contrast, the most healthy and effective way of losing weight is to reduce

THE ECONOMY AND POLITICS: AN INSEPARABLE PAIR

833 words - 4 pages 2. Introduction Has the post 1994 South African government succeeded in improving the economic status of previously disadvantage groups? In the following essay I will be discussing the co dependence of the economy and politics in South Africa. 3. Shift in political power After 27 April 1994 South Africa was challenged with enormous economic and political transformation. The power of political dominance now lied with the previously

A Balanced Diet

1246 words - 5 pages A Balanced Diet This section contains details on what a healthy diet should consist of and why each vitamin and mineral is an essential part of staying healthy. The majority of people in this country eat too much fat and not enough fibre and for most people a healthy diet is simple and easy to do. The move towards a healthy diet may just mean eating more fruit, vegetables, bread, cereals, potatoes, and pasta. People in

This is an Article analysis for an Economics class. Examines the US economy and inflation

627 words - 3 pages summarize examines the U.S. economy of today mainly the food and energy prices that have rose sharply since March 2003, which has prompted the Fed to concern itself with the onset of inflation.In reality, what triggers the rise in prices is an increase of money in circulation, which is a result of the actions performed by the Federal Reserve. The Federal Reserve, being the government agency responsible for printing the nation money supply

Political parties were the result of domestic and foreign affairs that helped shape and build a foundation for American politics in the 1790's

421 words - 2 pages Political parties were the result of domestic and foreign affairs that helped shape and build a foundation for American politics in the 1790's. Politics are the art or science of winning and holding office; competition between interests groups for power and leadership. The people soon began to drift into different political parties as a result of affairs that took place in the 1790's.A large role in the splitting of political beliefs was due to

Similar Essays

The Political Economy In International Trade

885 words - 4 pages nations are increasing free-trade with bigger developed nations partners. In summary, Poland and the United States political economy in international trade is a vital resource for both economies. Without involvement in the international trade market both countries would not be able to keep up with the demand for imports and exports in the global economy. The political economy in international trade make economies grow and it impacts what a country is able or not able to do in the international trade environment. Increasing market size, having an insurance motive, protectionism, and increasing bargaining power will help both economies to grow for years to come.

China And The International Political Economy

2613 words - 10 pages INTRODUCTION In depicting the International Political Economy, Susan Strange, 1988 in her work “States and Markets” portrays it as a concern of social, political and economic arrangements that affect global systems of production, exchange and distribution and the mix of values reflected therein. International Political Economy is defined as the interplay of economics and politics in world affairs. A dynamic and pivotal force within the global

The Role Of Imf In The International And National Political Economy Of Nigeria And Cameroon

2435 words - 10 pages The Role of IMF in the International and National Political Economy of Nigeria and Cameroon The financial system in the international scale has been very impressive in the struggle to develop the economy of the world. With the integration of the economy of the world through Foreign Direct Investment (FDI) to interfere in the activities of an economy has been imperative among others (Havnewk, 1997). Overtime the idea that richer countries taking

Imf And Its Role In International Political Economy

3282 words - 13 pages 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