POLI 381 Flaschard Chapter 5-7, 9 -11

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Chapter 5 (Pg. 167-187)

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Chapter 5 (Pg. 187-End of chapter)

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Chapter 6

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World War they would do so again after the breakdown of Bretton Woods and the advent of what Keohane and Nye 1977 termed complex interdependence that is an intensification of international economic ties of mutual exchange and mutual dependence Hobson 2013 1032 therefore argues that the 1970s do not mark the birth of IPE but rather its institutionalization In this chapter we will look at the olderprewartradition that modern IPE draws on but we will also show how these classical theories or approaches to IPE have been redeveloped since the 1970s In summary there is a complex relationship between politics and economics between states and markets that IR scholars ignore at their peril That relationship is the subject of IPE which has again risen to prominence since the 1970s Different theoretical ways of approaching the connection between politics and economics exist and remain influ ential From the possible theories to choose from Watson 2020 Balaam and Dillman 2018 we have selected three classical theories which most scholars see as the main theories of IPE mercantilism economic liberalism and Marxism These are theories in the very broad sense of a set of assumptions and values from which the field of IPE can be approached This division