Discussion on Conditionality of IMF Loans from the Persepctive of Differenct IPE Theories

The first of these theories is Andre Gunder Frank’s Dependency Theory, which revolves around the idea of resources from poor, underdeveloped states (the periphery) going to the wealthy states (core), giving the wealthy states most of the benefits.

Analyzing this source, we should fully embrace the perspective it is portrayed because internationalism allows people to work in less developed countries around the globe offering security, economic stability and many other factors with the rest of the world thus making nations more interconnected with one another. The source states that combining global corporations with a strong effort, we can hope to solve many complex issues that threaten a nation-states safety as well as the well-being of all people. International cooperation To address global issues, would require a need of a strong majority of nation-states that are willing to protect civilians, bring economic stability and as well benefiting the countries both ways. This source is showing that though Conflicts and issues, they can be resolved more effectively with the help of nation-states; to accomplish this we would require nation-states to expand the scope of their interests to include the well being of all people. The source is adapting the ideology of internationalism allows us to help less developed countries with crucial issues as well has benefited by having the country providing aid grow and prosper. A factor that plays a role in international cooperations is foreign policy, foreign policy is best defined as a set of political goals that seek to show how a particular country will interact with other countries of the world. These foreign policies are mainly designed to help protect a country's national

Global Political Economy is essentially a study of a political battle between the winners and losers of global economic exchange. In fact, understanding global economy relies on a clear knowledge of the process of political competition. Political power possessed by actors regulates economic activity and in turn this creates the basis for and affects political power. Through, critical analysis of the concept of global political economy it becomes clear that there are three prominent theories that form GPE, mercantilism, economic liberalism and Marxism.

This would be detrimental to smaller less industrialized states because it would allow the larger countries to flood their markets free of charge, making them even poorer in the process. The idea was called "open door". I thought this point of Wilson's plan was very selfish, as it only directly benefits the Allies, yet in Wilson's own speech he calls for an end to "selfish aggression." This is one of the many points of Wilson's plan that he is very hypocritical.

In the current international economic system, the behaviors and interactions of emerging states indicate that the previous norms of an open, global, and liberal international economy are being replaced with their own interests, which Stewart Patrick as well as Andrew Nathan and Andrew Scobell examine in their articles.

Nation states must also aim to provide public goods which cannot be provided or allocated fairly through the market mechanism. These include physical and human infrastructure such as roads, airports, harbours and education, laws and regulations. Those are the performance goals of the state. Other objectives include locally rooted technology, to maintain indigenous headquarters and to attract and retain business from TNCs. They will also aim to gain a fair level of taxes from TNCs whilst still keeping them in the country and developing a highly skilled, higly earninging and flexible labour force.

Consequently, the idea of national interest has changed along with the techniques for accomplishing national interest. In place of national interest, convenience must be made for the global interest. What's more, the new States are confronted with the issues of modernization, political strength, financial advancement, managerial productivity and regional integrity. The smaller countries have subsequently to determine their national interest remembering those issues at

The liberal perspective on political economy is embodied in the discipline of the Western economics (Gilpin, 1987). It emphasizes the individual interests, the freedom and the maximization of economic benefit. Economic

Therefore, each state's basis of existence is always too small. Now here is the reason why states always turn to the outside world: the growth that the state promotes has a border in the reach of its own power. The state always promotes growth policies, but the country's borders then present a limited market, a limited availability of raw materials and resources, a limited potential labor force; The power that licenses capital, which creates the economic system in the first place, is itself a limit to its growth within its limited range. Under capitalist states, a relationship of mutual recognition comes into existence so that one state can use the other, because the other state calculates the same way, only vice versa. Two states pay their mutual respects and engage in civilized relations because what they want is totally

State is commonly referred to either the present condition of a system or entity, or to a governed entity, such as a nation or a province. The state itself consists of the society, government as well as the people living there. Before the Second World War, State is often seen as the main actor in international Relations as it can declare states of wars, control most of the economic influence within the region and larger states often dominant the role of international relations within the region or even in the globe. However, after the Second World War, the impacts on state influence as an actor has become less important than before, regarding to this point, there is

When trying to comprehend international politics, current events, or historical context, having a firm grasp on the various international relations theories is essential to understanding patterns when looking at interstate affairs. Realism, liberalism, constructivism, and marxist radical theory are used to provide a framework by which we can dissect international relations.

This paper was prepared for GD530 Economics and the International System, taught by Professor Snow

Learning about the events that lead to the modern global political system and global market defiantly strengthened my belief that the global trade has significant benefits, taught me that economic incentives and potential loss can prevent wars, and money runs the world when it comes to being politically dominant. In the medieval ages the kings were dominant and had power over little except the economy. “The economy was not thought of as a distinct sphere separated from politics but instead as a tool of statecraft which the state could manipulate to serve its own ends.” (Erik Ringmar). Times have changed and medieval kings do not rule all the land but the concept remains the same, countries use their economic standing as a way to make deals, prevent political issues, and push forward their political agenda. This is not always successful especially when it came to the Cold War because the US and the USSR were both economically built

In the chapter, the authors provide an overview of the key approaches to IPE. In the first part of the chapter, they provide an overview of the International Political Economy approaches by focusing on their assessments of the key actors, dynamics and prospects for conflict and coopering in IPE. In the second part, they outline the development of the field since the 1970s by considering the careers and works of the three prominent major IPE scholars Susan Strange, Robert Cox and Robert Keohane and the issue around which existing scholarship clusters. And, in the final part, they conclude with the approach of the book.

According to him, it will enlarge the market size, increase productivity and provide incentive for the private sector to invest. Nurkse was in favor of attaining balance growth in both the industrial and agricultural sectors of the economy. He recognized that the expansion and inter sectorial balance between agriculture and manufacturing is necessary, so that each of these sectors provides market for the product of the otherand in turn supplies the necessary raw materials for the development and growth of the other (Wikipedia). Nurkse’s theory also discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state; he also clarified the various determinants of the market size and put primary focus on productivity. According to him, if the productivity level rise in a less developed country, its market size will expand and thus it can eventually become a developed economy.