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Global Political Economy exam with corect answers 2024
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Mercantilism dominated which centuries of the political economy? correct answers 17th and 18th centuries. Three main premises of mercantilism correct answers State power and wealth are connected, trade created wealth but only when a state sold more than it bought and some forms of economic act...

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  • September 8, 2024
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Global Political Economy

Mercantilism dominated which centuries of the political economy? correct answers 17th
and 18th centuries.

Three main premises of mercantilism correct answers State power and wealth are
connected, trade created wealth but only when a state sold more than it bought and
some forms of economic activity better than others.

What prompted Liberalism? correct answers Emergence of industrial revolution with
market capitalism.

Who is the key actor of Liberalism? correct answers Adam Smith.

What is Adam Smith's key text? correct answers An Inquiry into the Nature and Causes
of the Wealth of Nations. 1776.

What did Adam Smith's key text focus on? correct answers Focused on reduction of
government and the freedom of individuals in a market.

What is David Ricardo's key text? correct answers On the Principles of Political
Economy and Taxation. 1817

Who is the author of Marxism? correct answers Karl Marx.

What is Karl Marx's key text? correct answers The Communist Manifesto, Capital. 1867

Historical origins of each IPE perspective? correct answers 15th Century for
Mercantilism, 19th Liberal and the 19th Century of Critical

Major figures in mercantilism? correct answers Alexander Hamilton, List, Krasner,
Gilpin and Susan Strange

What are the main units of mercantilism? correct answers States

What is the mercantilism view of the state? correct answers Unitary actor

What is the game metaphor for mercantilism? correct answers Zero-sum game

What unit does liberal perspective focus on? correct answers Individual and the firm,
pluralist state, diverse interest groups

, What game metaphor does liberalism relate to? correct answers Positive-sum game

What are the main units for critical theory? correct answers Class, gender, global
capitalism and the state.

What is the game metaphor for critical theory? correct answers Zero-sum

What are the key actors for liberal? correct answers Smith, Ricardo, Kant, Wilson,
Keynes, Hayek, Keohane and Nye

What are the key actors for critical/Marxist theory? correct answers Marx, Lenun, Frank
and Cox

What is Susan Strange's key text? correct answers States and Markets. 1988.

What was Strange's States and Market text about? correct answers Power lies in both
relation power and structural power. Structural power is the ability to shape the rules of
the game in a particular area. Four key structures of power: security, production, finance
and knowledge.

Why was Strange an unorthodox realist? correct answers She had a focus on
economic nationalism and the exercise of power and state policies but also took into
account the growing role of markets, corporations and technology.

What was Robert Keohane's first major work? correct answers Power and
Independence. Keohan and Nye. 1997

What kind of liberalist was Keohan? correct answers Liberal institutionalist with an
emphasis on how institutions can help states overcome barriers of cooperation.

What was Keohane's second major work? correct answers After Hegemony. 1984.
Focused on how the liberalist structures are beneficial for all even when there is a
decline in hegemony.

Why is Robert Cox described as historical materialist? correct answers Because he
focuses on class and class conflict playing an important part in understanding political
economy. Making sure to keep in mind that each historical era has a particular set of
institutions and understandings that will influence IPE.

What is GPE? correct answers Studying states and markets, both domestically and
internationally.

Why do we study GPE? correct answers Capitalism and markets, markets and social
outcomes, power politics and egalitarian liberalism and competition in the GPE.

What is Karl Marx's more academic textbook? correct answers Das Kapital. 1885.

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