V3. What is IPE?

7 important questions on V3. What is IPE?

What are the intellectual origins?

  1. Pre-20th century > political economy = economics
  2. Early 20th century > clear seperation of economcs and political science in academia
  3. Real-world events in 1960s-70s cause emergence of IPE > emphasize importance of connections between economics and politics + domestic and international
    • break-down Bretton Woods
    • EU
    • dominance of USA

What are the two types of interactions between transnational-national-subnational that IPE is interested in? (Spacial scale)

  1. Top-down: systemic explanations
    • Transnational constraining the national > international organizations that have implications for domestic political actors
  2. Bottom-up: domestic explanations
    • National constrains the transnational > E.g. Brexit, Trump, etc.

What drives political agents and decision making outcomes? (what are the 3 I's)

  1. Interests: material gains of powerful actors
  2. Ideas: what powerful actors believe to be in their interest
    • How interests are being constructed
  3. Institutions: Procedures through which decisions are being made
    • legal rules and institutions shape the interests
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How does the IPE look at the three I's?

Interaction of the three I's in the transnational space and interaction of the three I's in domestic space

CPE: compare interaction of three I's of domestic space with other domestic spaces

IPE: compare interaction of the three I's in transnational spaces with interaction of three I's in domestic spaces.

What is the approach of critical IPE

Critical IPE: broader vision, interested in class relationship, distributional consequences and normatice approaches. Different take of IPE, goes beyond mainstream theory, but less methodology.

Why does division in approaches matter?

Division of approaches to some extent shapes IPE until today

What is the difference between American vs. British school?

American school:
  • Closer to economics > three I's
  • Methods-driven > strong methodology
  • Mostly quantitative

British school:
  • Interdisciplinary > historical, law, sociology, economics, politics, anthropology, etc.
  • Problem driven
  • mostly qualitative

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