Exam 3: International Political Economy
What is Robert Gilpin's definition of International Political Economy? correct answers
examines relationship between politics (power) and economics (wealth) in the
international system
What is the importance of wealth and power for International Political Economy?
correct answers distribution of power/wealth among political actors
who has power? who has more wealth? how does power shift? is total amount of global
wealth increasing/decreasing?
What is wealth? correct answers resources that generate income
physical assets- land, factories, stores, merchandise, etc
human capital- knowledge, physical capabilities, etc
Main positions of Economic Liberalism? correct answers dominant approach in int'l
political economy
economics & politics are two separate but related spheres of activity
reciprocal relationship
national interest is best served when country has economic wealth
What does each of these theories say about the relationship of economics and politics
in the international system? Which of the two has primacy according to these theories?
correct answers they seem to go hand in hand, economic liberalism is primary
What is poverty in international relations? correct answers levels of income, food,
healthcare, education, shelter and quality of life below the minimum standards of human
decency
How is wealth and poverty distributed around the world? Is it even or uneven? correct
answers affluence is concentrated in the Northern Hemisphere "Global North" with
pockets of poverty here and there
there are pockets of wealth in global south, not many
differences in well-being of world regions and countries
What do we mean by the terms Global North and the Global South? How are these
terms connected to poverty and wealth? correct answers Global North has more
wealth, less poverty but still has some
Global South has less wealth, more poverty but still some wealth pockets
What do we mean by the term developing countries? correct answers countries with
high concentration of people living in poverty (137)
What is Robert Gilpin's definition of International Political Economy? correct answers
examines relationship between politics (power) and economics (wealth) in the
international system
What is the importance of wealth and power for International Political Economy?
correct answers distribution of power/wealth among political actors
who has power? who has more wealth? how does power shift? is total amount of global
wealth increasing/decreasing?
What is wealth? correct answers resources that generate income
physical assets- land, factories, stores, merchandise, etc
human capital- knowledge, physical capabilities, etc
Main positions of Economic Liberalism? correct answers dominant approach in int'l
political economy
economics & politics are two separate but related spheres of activity
reciprocal relationship
national interest is best served when country has economic wealth
What does each of these theories say about the relationship of economics and politics
in the international system? Which of the two has primacy according to these theories?
correct answers they seem to go hand in hand, economic liberalism is primary
What is poverty in international relations? correct answers levels of income, food,
healthcare, education, shelter and quality of life below the minimum standards of human
decency
How is wealth and poverty distributed around the world? Is it even or uneven? correct
answers affluence is concentrated in the Northern Hemisphere "Global North" with
pockets of poverty here and there
there are pockets of wealth in global south, not many
differences in well-being of world regions and countries
What do we mean by the terms Global North and the Global South? How are these
terms connected to poverty and wealth? correct answers Global North has more
wealth, less poverty but still has some
Global South has less wealth, more poverty but still some wealth pockets
What do we mean by the term developing countries? correct answers countries with
high concentration of people living in poverty (137)
