political econonmy summary

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Political Science
John Haines

International political economy in an age of globalization chapter 14 The International Political Economy (IPE) is the way in which politics and economics affect each other in world affairs Due to globalization, analysis of the IPE has become increasingly important in recent times International Economic institutions such as the IMF and the World Bank exist today as a result of the need for economic cooperation following World War 2 During the beginning of the cold war the operations of these institutions and policies such as the General Agreement on Trades and Tariffs (GATT) were put on hold and the U.S began to manage the international monetary system based on the dollar The Bretton Woods System, which managed exchange rates and capital flows was used until 1971 when the U.S decided to stop converting the dollar to gold, which
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