This essay outlines Marxists and Neo-Marxist emphasis on the importance of economics in international politics because of the effective nature of the system. The Marxist theorists focus on the exploitive nature of international relations among countries in different economic levels. On the other hand, the neo-Marxists exploit the benefits of economic-based international relations in the society.
International Political Economy refers to the focuses on the aspect of international inequalities and examines the effects of neo-colonialism universally. The international political economy combines political economy and international relations.The concept examines the effects on international politics on the economies of various countries worldwide In additional, political economy refers to the social science that evaluates the economic and political progresses in various regions in the world. Moreover, the concept of international politics establishes the influence and interrelations between political and economic aspects of a country. Political economy also recognises the essentiality of the values, norms and policies in determining individuals' and social institutions' behaviour in an economy. On the other hand, international relations examine the relations between countries with international policies. The foreign policies are essential aspects of economic growth based on the country’s relations with other economies.
The integration of the concept of international politics is essential in promoting international relations. ...Show more