The Introduction argues that to understand European politics there are two premises that need to be accepted. Firstly, the interplay between European and national-level politics must be taken seriously. The two cannot be studied independently. Secondly, a theoretical model of politics is necessary to help us to make assumptions about politics explicit and to ensure that the arguments used are logically consistent. Models help us to zoom in on a particular aspect of politics and apply our analysis to real-life examples. It also helps us to spot the similarities and differences across political systems and governments so we can make comparisons. The Introduction answers the question: why focus on Europe? One of the most obvious reasons is that Europe is the home to the largest number and variety of democratic governments anywhere in the world.
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This chapter examines four major issues in International Political Economy (IPE). The first concerns power and the relationship between politics and economics, and more specifically whether politics is in charge of economics or whether it is the other way around. The second issue deals with development and underdevelopment in developing countries. The third is about the nature and extent of economic globalization, and currently takes places in a context of increasing inequality between and inside countries. The fourth and final issue concerns how to study the real world from an IPE perspective and it pits the hard science American School against the more qualitative and normative British School.
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This chapter examines four important debates in International Political Economy (IPE). The first debate concerns power and the relationship between politics and economics, and more specifically whether politics is in charge of economics or whether it is the other way around. The second debate deals with development and underdevelopment in developing countries. The third debate is about the nature and extent of economic globalization, and currently takes places in a context of increasing inequality between and inside countries. The fourth and final debate pits the hard science American School of IPE against the more qualitative and normative British School of IPE.
