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POS 486: International Political Economy Questions
with Answers (100% Correct Answers)
International Political Economy Answer: Study of the political battle
between the winners and losers of globalization.
Globalization Answer: The process of economic integrations of
countries through the increasing flow of goods, services, capital and
labor.
Foreign Direct Investment Answer: Establishment of a business
operation in one country by a corporation based in another country.
International Migration Answer: The movement across national borders
of labor
Realist Idea of Order Answer: Conflictual, hegemony, anarchy -
powerful states keep each other in check
Liberal Idea of Order Answer: Cooperative, Network of groups that run
the global economy, International institutions.
© 2025 All rights reserved
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Public Goods Answer: Non-rivalrous, non-exludable. Ex. from IPE:
Security against foreign powers, low tariffs.
Hegemon Answer: The dominant power in the global economy. Leader
or major power. Ex: The U.S. is a hegemon in global politics.
Hegemonic Stability Theory Answer: the argument that regimes are
most effective when power in the international system is most
concentrated.
Example of Trade Barrier Answer: Tariffs - Taxes on imports
Government subsidy to domestic markets - gives an advantage to
those goods domestically and makes them more expensive for foreign
markets.
4 eras of globalization Answer: Globalization's Prehistory, 16th-19th
Centuries - slow, chartered trading companies, Mercantilism(economic
strength leads to national power, trade valued for exports but not
imports, state should play a large role in economy, in conflict with IPE)
Globalization 1.0, 19th Century - massive increase to trade and GDPs,
free trade policies spread, liberal ideology on the rise.
© 2025 All rights reserved
POS 486: International Political Economy Questions
with Answers (100% Correct Answers)
International Political Economy Answer: Study of the political battle
between the winners and losers of globalization.
Globalization Answer: The process of economic integrations of
countries through the increasing flow of goods, services, capital and
labor.
Foreign Direct Investment Answer: Establishment of a business
operation in one country by a corporation based in another country.
International Migration Answer: The movement across national borders
of labor
Realist Idea of Order Answer: Conflictual, hegemony, anarchy -
powerful states keep each other in check
Liberal Idea of Order Answer: Cooperative, Network of groups that run
the global economy, International institutions.
© 2025 All rights reserved
, 2
Public Goods Answer: Non-rivalrous, non-exludable. Ex. from IPE:
Security against foreign powers, low tariffs.
Hegemon Answer: The dominant power in the global economy. Leader
or major power. Ex: The U.S. is a hegemon in global politics.
Hegemonic Stability Theory Answer: the argument that regimes are
most effective when power in the international system is most
concentrated.
Example of Trade Barrier Answer: Tariffs - Taxes on imports
Government subsidy to domestic markets - gives an advantage to
those goods domestically and makes them more expensive for foreign
markets.
4 eras of globalization Answer: Globalization's Prehistory, 16th-19th
Centuries - slow, chartered trading companies, Mercantilism(economic
strength leads to national power, trade valued for exports but not
imports, state should play a large role in economy, in conflict with IPE)
Globalization 1.0, 19th Century - massive increase to trade and GDPs,
free trade policies spread, liberal ideology on the rise.
© 2025 All rights reserved
