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She has published extensively on policy reform in developing countries, the role of multilateral institutions in the international economy, and the political economy of trade policy. In her 1996 Presidential address to the American Economic Association, she explored the lack of congruence between successful trade and development policies ...
Governments can use trade policy instruments to shift profits from foreign to domestically owned firms, thereby raising national economic welfare at the expense of other countries. [4] In practice, however, the impetus for government intervention is likely to come from a narrowly focused interest group that has a stake in a specific industry.
Historians have employed political economy to explore the ways in the past that persons and groups with common economic interests have used politics to effect changes beneficial to their interests. [50] Political economy and law is a recent attempt within legal scholarship to engage explicitly with political economy literature.
International political economy (IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. [1] A key focus in IPE is on the power of different actors such as nation states, international organizations and multinational corporations to shape the international economic system and the distributive consequences of international economic activity.
Trade policy has been controversial since the days of mercantilism. Economics (or political economy) has developed in major part as an effort to make clear various effects of trade policies. See International trade theory. The hottest topic in economic policy is upgrading in Global Value Chains.
Trade powers productivity. It is an engine of innovation that drives knowledge-sharing and technology upgrades. It can encourage improved governance and institutional reform.
The political trilemma of the world economy is a concept created by economist Dani Rodrik to capture the trade-offs that governments faced in their responses to globalization.
On the Principles of Political Economy and Taxation (19 April 1817) is a book by David Ricardo on economics. [1] The book concludes that land rent grows as population increases. It also presents the theory of comparative advantage , the theory that free trade between two or more countries can be mutually beneficial, even when one country has an ...