What can a government do (or avoid) to promote growth of its economy?

Using what you read this week, what can a government do (or avoid) to promote growth of its economy? Is this enough to ensure prosperity for all its citizens? Explain using examples and evidence from the reading.

What can a government do or avoid to promote growth of its economy

Using what you read this week, what can a government do (or avoid) to promote growth of its economy? Is this enough to ensure prosperity for all its citizens? Explain using examples and evidence from the reading.

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What is International Political Economy?

What is international political economy? International political economy focuses on the politics of economic phenomena that transcend state borders, whether be they trade transactions, exports imports, protectionism, tariffs, non-type barriers, production, the way multinational corporations operate across state borders and finance; with finance, the way money and capital can cross state borders and also; but also labour and migration. Those two lasts have not really been covered by International political economy in great detail.

Thus, international political economy examines the interaction between the economy and politics in individual states and the international system. It looks at the domestic sources of foreign economic policy: why a given state in a given international system pursues openness, closure, protectionism, liberalization, etc., and who are the winners and who are the losers from that transaction from those policies. That is the domestic sources of foreign economic policy. There is also the international system of domestic political economies. So, if since 2018, the dominant trend is openness, has been towards the breakdown of barriers to the free flow of trade investment and money, what are the consequences on the domestic political economy? These are the kinds of questions that relate to the term international or global in international political economy.

Political. Why? Because this is not just international economics and that is the main specificity of international political economy. Because international political economy introduces domestic and international political variables to understand the economic phenomena, it does so in particular in terms of the politics of international political economy. Additionally, the main focus is the struggle between the winners and losers of globalization, or the winners and losers from a particular foreign economic or policy, or from a particular structure of the international of global capitalism.