Economics 1021A/B Study Guide - Quiz Guide: International Political Economy, Overconsumption, Friedrich Engels

• School: Western University
• Department: Economics
• Course: Economics 1021A/B
• Professor: bruce hammond

Document Summary

Comparative political economy the comparative study of distributional outcomes across countries and thus, albeit more indirectly, among individuals. It is the study of conflict-prone and conflict-ridden politico-economic processes that inspire, transform, and occasionally upset human lives. Focus on the institutional differences in the organization of modern capitalism: labour market, education, finance, welfare states. The regulations are underpinned by political struggles between social actors, because of ideological preferences: political culture and religious traditions are therefore important. International political economy also has an impact on the national level, because businesses can move headquarters to go to a country with less taxes, therefore making governments compete. It is also just difficult to distinct from domestic and international in this interlinked world. Economy complex of activities involving production, distribution, exchange, and consumption of goods and services. Term will be used for national economy. International/global economy the economic activities that encompass multiple countries or even the whole world.