What is political economy?

Political Economy Development Studies Questions



56 Short 80 Medium 45 Long Answer Questions Question Index

What is political economy?

Political economy is a multidisciplinary field that combines the study of politics and economics to understand how political and economic factors interact and shape the distribution of power, wealth, and resources in society. It examines the relationship between politics and economics, including how political institutions, policies, and ideologies influence economic outcomes, and how economic structures and processes impact political decision-making. Political economy also explores issues such as inequality, development, globalization, and the role of the state in economic affairs.