International Political Economy Essay Example | Topics and Well Written Essays - 1000 words - 1

International Political Economy - Essay ExampleThis report stresses that growth with inequity is a disadvantage to globalization. There are many opportunities found across borders which always tend to have a great amount of danger of a high economic growth that is surrounded with a lot of inequalities. The inequality is the fact that the wealthy people in the society are normally placed to have access to these opportunities. The economy appears tighter for most of the countries that have a go at it exploitation of labor. This paper makes a conclusion that it is rare for operational explanations to communicate their scope when it comes to the dealing of a topic such as political economy. The definition of globalization is seen as the growth economy of interdependent countries through the increase of volume and variety of the cross-border transactions in goods. There is also the growth of external capital flows and the widespread of technology. The political economy, however, does no t sufficiently convey to globalization. However, in future, the global economy go out resemble the golden straitjacket. As a result, in that respect are two things that will be a cause of the country putting on the Golden Straitjacket. One of them is that the countrys economy will grow, and its politics will shrink. The Golden Straitjacket tightens the economic and political policy choices of the ones in power to comparatively strong and tight parameters.