POLI 330 Quiz 3 2023 solution, Question and Answers verified correct

International political economy - combined political and economic behaviors among state and non-state actors in global society (transcends state boundaries) Paradigm's Approach to Political Economy - 1. realism emphasizes role of state 2. liberalism focuses on limits of state powers and tendency for them to redefine national interests in context of changing int eco conditions 3. radicalism do not expect social harmony to be achieved by indiv of different classes (class-based conflict will prevail) Realist Approach to Political Economy - 1. emphasize the role of the state in the global economy 2. state is guarantor of economic power, non-state actors have minimum impact 3. MNCs, IGOS, and NGOs have most impact when promote national interests of most powerful states 4. foreign eco policy designed to maximize state power and wealth → states weary of politics to diminish position in global hierarchy→ potential conflict 5. States pursue relative gains 6. neo-mercantilism: state attempts to maximize its relative economic power in the global economy 7. thinks global economy is constraint on freedom of state and source of vulnerability