,IPC3702 Assignment 1 (COMPLETE ANSWERS) Semester
1 2025 DUE 28 March 2025; 100% TRUSTED Complete,
trusted solutions and explanations.
3 ESSAY PROVIDED FOR THIS ASSIGNMENT
Essay topic for Assignment 1
Have a look at page 8 of the only Study Guide for IPC 3702
international political economy:
“The international political economy can be described as
comprising a network of bargains between and among states
(power being the bargaining commodity) and markets (
dealing in wealth)”
Write an essay in which you compare TWO states in
international politics and global economy on how they have
an influence in the trade of commodities and market on the
global platform.
Essay: The Influence of Two States in International Political
Economy: A Comparative Study of China and the United
States in Global Trade and Commodities
Introduction
International Political Economy (IPE) examines the interaction
between politics and economics on a global scale, focusing on
how political actors (primarily states) and economic forces (such
as markets) shape global governance, trade, and wealth
distribution. As noted in the study guide for IPC 3702, the
, international political economy can be understood as a network
of bargains between states, with power being a key commodity,
and markets that deal in wealth. The global trade of
commodities plays a central role in this dynamic, as states use
their political and economic influence to secure advantageous
positions in the global market. This essay compares two key
players in the global economy, the United States and China, and
examines how their influence shapes the international trade of
commodities, markets, and economic power on the global stage.
Theoretical Framework: International Political Economy
Before delving into the specifics of the United States and China,
it is crucial to understand the theoretical framework guiding the
analysis of their roles in global trade. IPE draws from several
schools of thought, including:
Liberalism: Emphasizes free markets, competition, and
minimal government intervention. According to liberal
economists, the international economy functions best when
markets are left to operate freely without state interference.
Realism: Views states as primary actors in the international
system, with power and security being central objectives.
Realists argue that global economic interactions are often
shaped by the strategic interests of states, and economic
decisions are frequently based on national interest rather
than free-market principles.
Marxism: Focuses on the role of global capitalism and
how economic structures perpetuate inequality. Marxists
1 2025 DUE 28 March 2025; 100% TRUSTED Complete,
trusted solutions and explanations.
3 ESSAY PROVIDED FOR THIS ASSIGNMENT
Essay topic for Assignment 1
Have a look at page 8 of the only Study Guide for IPC 3702
international political economy:
“The international political economy can be described as
comprising a network of bargains between and among states
(power being the bargaining commodity) and markets (
dealing in wealth)”
Write an essay in which you compare TWO states in
international politics and global economy on how they have
an influence in the trade of commodities and market on the
global platform.
Essay: The Influence of Two States in International Political
Economy: A Comparative Study of China and the United
States in Global Trade and Commodities
Introduction
International Political Economy (IPE) examines the interaction
between politics and economics on a global scale, focusing on
how political actors (primarily states) and economic forces (such
as markets) shape global governance, trade, and wealth
distribution. As noted in the study guide for IPC 3702, the
, international political economy can be understood as a network
of bargains between states, with power being a key commodity,
and markets that deal in wealth. The global trade of
commodities plays a central role in this dynamic, as states use
their political and economic influence to secure advantageous
positions in the global market. This essay compares two key
players in the global economy, the United States and China, and
examines how their influence shapes the international trade of
commodities, markets, and economic power on the global stage.
Theoretical Framework: International Political Economy
Before delving into the specifics of the United States and China,
it is crucial to understand the theoretical framework guiding the
analysis of their roles in global trade. IPE draws from several
schools of thought, including:
Liberalism: Emphasizes free markets, competition, and
minimal government intervention. According to liberal
economists, the international economy functions best when
markets are left to operate freely without state interference.
Realism: Views states as primary actors in the international
system, with power and security being central objectives.
Realists argue that global economic interactions are often
shaped by the strategic interests of states, and economic
decisions are frequently based on national interest rather
than free-market principles.
Marxism: Focuses on the role of global capitalism and
how economic structures perpetuate inequality. Marxists
