IPE stands for International Political Economy. It is an interdisciplinary academic field that combines the study of politics, economics, and international relations. IPE seeks to understand and analyze the relationships between politics and economics on a global scale.
At its core, IPE examines the political and economic interactions and dynamics that shape the international system, including states, international organizations, non-governmental organizations, multinational corporations, and individuals. It analyzes how power, wealth, and resources are distributed and allocated globally, as well as the impact of these distributions on various actors and the overall world order.
In practical terms, IPE focuses on issues such as trade, finance, development, globalization, inequality, governance, and the role of institutions in shaping and managing these aspects. It investigates the political and economic policies and strategies pursued by states and international actors and assesses their consequences for different nations, regions, and societal groups.
IPE draws on various theoretical perspectives and methodologies, including classical liberalism, mercantilism, Marxist political economy, neorealism, and constructivism. It aims to provide a comprehensive understanding of the complex interactions between politics and economics and how these shape the global economic system.
Scholars and practitioners of IPE often work in academic settings, research institutions, international organizations, or governmental agencies, contributing to the formulation of policies and strategies that address global economic and political challenges.
