International Political Economy and Globalization

International Political Economy and Globalization Name Institutional Affiliation International Political Economy and Globalization In the simplest terms possible, International Political Economy (IPE) refers to an interdisciplinary academic and social science that seeks to understand international problems and their economic implications by combining various theoretical perspectives and interdisciplinary tools (Rupert & Solomon, 2006). In this sense IPE becomes a critical tool that facilitates the holistic assessment of international problems and particularly so their impact on the international economy. On the other hand, globalization is essentially the process through which various organizations and businesses grow and begin to operate on an international arena while simultaneously developing and growing their international influence (Maswood, 2008). In essence, globalization is basically the increase in interactions between organizations and business across the world due to the advent of effective communication, transportation, and other relevant technology. Contemporary international economic relations is based on exploring the economi...