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C1 - What is IPE?
| Term | Definition | Alternative Definition |
|---|---|---|
| regime | - a set of rules, norms, institutions, and decision-making procedures that condition actor expectations and behaviour regarding a global issue; - also refers to the people in power who comprise the government of any nation-state | |
| international political economy | - interdisciplinary social science that examines the relationships between states, markets, and societies; - seeks to understand how power is used in those relationships to affect the distribution of scarce resources | |
| economic liberalism | - ideology in which nations are best of when the role of the state is minimised; | - derives in part from fear of state abuse of power and in part from the philosophy of individualism and liberty of the Enlightenment; - popular since the late 1970s and are foundation for globalisation policies |
| globalization | - process of global economic integration driven by economic liberal ideas and policies; - increasing economic interdependence as well as the spread of Western (U.S.) cultural influence all over the world | |
| mercantilism | today it's a theory that justifies governmental regulation of a nation's economy and intervention in international economic relations in order to increase state power and security - policies of import restrictions and export promotion follow from this | - 17th century ideology that made accumulation of gold and silver though regulated trade a major goal of the state; |
| realism | - theory in international relations emphasising that states seek to acquire more power in order to enhance their security; - the national interest is a determinant of state behaviour; - states, like individuals, tend to act in their own self-interest | |
| nation | - a group of people bound together by a shared sense of history and culture; - common myths about their origin, make claims to a particular territory, and usually seek to govern themselves within that territory | |
| state | - legal entity that monopolises the legitimate use of force in a given territory; - consists of all branches of government, bureaucracy, military, and associated institution | |
| sovereignty | - the ability and right to exercises supreme authority in a polity; - for realist-mercantilists: also refers to a state's freedom from control by an outside power | |
| hard power | a states capacity to use military and economic assets to directly influence, persuade, or coerce other states | |
| soft power | - the ability to influence international affairs and persuade other states through such intangible factors as culture, values, ideology, and institutions; | does not rely on threats or coercion; - it is less direct than hard power, but sometimes more effective |
| structuralism | - IPE perspective rooted in Marxist thought that focuses on how dominant economic structures shape the political order and relationships between states; | - emphasises the conflictual and exploitative relationships between the bourgeoisie and the proletariat, the core and the periphery, and the North and the South; |
| constructivism | school of thought that focusses on the beliefs, ideas and norms that shape the interests and actions of state officials and international institutions | |
| levels of analysis | Four levels are: 1. individual 2. state/societal 3. interstate 4. global; | - Kenneth Waltz; to explain different sources of international conflict and war; - each level focuses on specific factors that shape relations between states and cause certain international outcomes |
| IPE structures | - networks of actors and institutions that determine the rules governing production, trade, finance, security, and knowledge; - according to Susan Strange, the rules of each structure confer power on certain actors and constrain the way states behave; | - structures regulate the processes by which goods and services are produced and exchanged, and they shape the flows of money, tech, and information between countries |
| global governance | - management of transnational problems; - encompasses the rules, institutions and processes that shape international cooperation in specific issue areas; - many different actors cooperate though voluntary and flexible mechanisms to achieve common goals | |
| What is the Age of Anxiety, and what question does it lead to? | - current growing feeling of rapid change that causes political, economic, and social instability; - do these developments lead up to the breakdown of the 'postwar world order'? | |
| The Postwar World Order | Global management structure (regime) that began when the allies met in 1944 during WW2 in Yalta to discuss the future of Europe; | |
| What are the three distinct phases of the postwar world order? | 1. 1944-1973 2. 1974-1991 3. 1992-2017 None of these phases had an abrupt beginning or end, but it was more of a gradual change redistribution of wealth, power, and goals of different actors (more in chapter 9) |
Created by:
Ellen994
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