This paper discuses the field of international political economy, which has become increasingly important because of mass globalization.
Written in 2007; 3,805 words; 10 sources; APA; $ 104.95
Paper Summary:
This paper explains that current political economic changes across the globe, such as the appearance of the euro, trends in foreign direct investment and the introduction of the Internet, have lead to a need to reform existing international politics and implement a more efficient system. The author points out that automobile and electronic manufacturers are not in favor of a globalized free trade but rather find it more advantageous to employ a closed economic block to wage war against rival firms in Japan and Europe. The paper stresses that an increasing gap between developing and rich nations needs to be stemmed by creating an environment, which is beneficial for conditions of long-term per capita income growth.
Table of Contents:
Introduction
History of Globalization and International Political Economy
Issues Surrounding Trade
Environmental and Social Issues
The International Political Situation: Now and in the Future
Problems International Political Economists Must Overcome
Conclusion: Future Directions
From the Paper:
"Contemporary trends toward enforcing major trade policies between numerous countries have provided a number of challenges. Even over the last decade, the NAFTA agreement, the WTO and the proposed (and failed) fast-track scheme U.S. President Clinton proposed in 1997-98 are three world-renown examples. NAFTA caused a lot of controversy, not only outside of U.S. borders but within. The agreement aimed to expand on an existing arrangement between the U.S. and Canada of "free trade" (a hallmark of globalization) which expanded in the late 1980s to include Mexico. "
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