Analysis of political economy, international political economy, globalization and its importance to public finance

Muhammad Mustafa RASHID

Abstract


Abstract. The purpose of this paper is to provide an analysis of the discipline of political economy, international political economy and their respective historical developments. The paper will then focus on globalization and evaluate the strength and weaknesses of the policy to globalize. Further analysis will be conducted to show the importance of the topic of globalization as it relates to public finance. Rosen & Gayer (2014), Sackery, Schneider & Knoedler (2016), Marlin-Bennett (2017), Ravenhill (2008) and Weingast & Witman (2006) will provide insights into the development of the discipline and its modus operendi. The historical development of the discipline will be provided for by Ingram (1915) and the aforementioned authors will also provide insights into the weakness and strengths of the policy to globalize. Garett & Mitchell (2001) and Kumar (2006) will provide additional insights into the importance of globalization as it pertains to public finance.

Keywords. Political economy, International political economy, Globalization, Public finance.

JEL. F50.


Keywords


Political Economy; International Political Economy; Globalization; Public Finance.

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References


Barry, R., & Weingast, D.A. (2006). Oxford Handbook of Political Economy. New York: Oxford University Press.

Sackrey, C., & Schneider, G. (2016). Introduction to Political Economy, Eight Edition. Boston: Economic Affairs Bureau.

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Harvey, S., & Rosen, T.G. (2014). Public Finance Tenth Edition. New York: McGraw Hill Education.

Ingram, J.K. (1915). A Histroy of Political Economy. New and Enlarged Edition with a Supplementary Chapter by Willam A. Scott and Introduction by Richard T. Ely. London: A. and C. Black.

Kumar, S. (2006). Book Review, The New Public Finance: responding to global challenges. International Journal of Regulation and Governance, 7(1), 93-98.

Marlin-Bennett, R. (2017). International Political Economy: Overview and Conceptualization. Oxford Research Encylopedias, International Studies: [Retrieved from].

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Ravenhill, J. (2007). Global Political Economy, Second Edition. Oxford University Press




DOI: http://dx.doi.org/10.1453/jepe.v5i4.1814

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