(DEBATE TEAM) Brief explanation about International Political Economy.

assalamualaikum....

today is the first day of  my new season of school . the good news is i have my new building together with all the IPIREL members and the bad news is, my building is totally..... (idk how to explain). first i was shocked , because everything looks soo.. messed up . the first time i stepped into the building my thai friend nada keep asking "is it our new building?" "are you sure?" . i saw some workers did fix something inside the building because the building has not finished yet. thank you umy :( 

the first subject was International Political Economic, Pak winner as our lecturer has not coming so mas omi handled everything from the beginning as the co lecturer. when the first time i saw him , i said  "ah so this is the guy".  mas omi well known as the brilliant student (at that time) before he graduated from umy and now he is famous because he became a co lecturer as soon as he graduated. he got gdp 3,9 something, which is mean cumlaude (almost perfect)! such as an inspiring person and i wish i will become his successor or better if it possible . hehehe. 

"Political science is the highest of science" i feel great only by hearing that words. is that mean i'm better than the medical student? ;p . there are a lot of subject in international relations is hard to understand. (so not only heart which hard to understand but also international relations) lol . one of the new subject that i gotta be learn is international political economic. well.. can l be done with all the economic stuff? it's enough for me by learning economic in the first semester and now i have to see you again :( . that is the first taught when i heard IPE subject. sooo miserable .... please be nice with me my dear IPE... 

so,, to understand this "special" subject i have to do some basic approaches. 

1. What is the definition of IPE? 

2. Who is the non state actors of IPE ? 

3. How come IPE has connected with Liberalism, Realism, and Marxism?

well... that is the basic approaches of IPE and i try to understand every single point . hopefully. 

1. first about the Definition. 

i tried to search on google to find the definition of IPE and i will explain with a simple words so you can understand easier. inshaallah. 

at that time, Many people think that politics and economics is something that doesn't have any related one another. in fact, politics and economics have a close attachment to one another. it's all because the schock oil crisist in 1970s that changed people perspective about the relation between politics and economics. International Political economics consist of 2 words "state" and "market" . when the state and market are giving the contribution to each other it will emerge a power to influence the politic and the contrary , with the politics , economy can be controlled.. 

State in the relation to another state have a willing to fulfill their own interest. to achieve their interest they can manipulate the market power to increase their own power and influences (Gilpin, 2001:78). and according to John Ravenhill which defines the international political economy as a "field of enquiry", i.e. as a subject matter that has main focus in the relationship between power (interrelationship) of public and private sector in the question of allocating limited and rare resources (Ravenhill,2008;21). 

so overall we have to learn the actors, the system process, and the globalization. 

2. who actually the non-state actors of IPE are?

ACTPN Advisory Committee on Trade Policy Negotiations (USTR) 

APEC Asia Pacific Economic Cooperation 

ASEAN Association of South East Asian Nations 

BIAC Business and Industry Advisory Council (OECD) 

BIT bilateral investment treaty 

EU European Union 

FTAA Free Trade Area of the Americas 

FDI foreign direct investment 

GATS General Agreement on Trade in Services 

GATT General Agreement on Tariffs and Trade 

ICC International Chamber of Commerce 

IMF International Monetary Fund 

MAI Multilateral Agreement on Investment 

MFN most favoured nation 

Mercosur Mercado Común del Sur 

MNC multinational corporation 

NAFTA North American Free Trade Area 

NGO non-governmental organization 

OECD Organization for Economic Cooperation and Development 

TRIMS Trade-Related Investment Measures

TRIPS trade-related intellectual property rights 

TUAC Trade Union Advisory Committee (OECD) 

USCIB US Council for International Business 

USTR United States Trade Representative 

WTO World Trade Organization

3.IPE with liberalism, realist and Marxism.

in this subject we gonna discuss about the power, money, politics. How does that things have related to each other. liberalism, realist and Marxism were the main approaches in the International Political economy .

3.a Liberalism "economy drives politics"

Focus on Individuals, household, enterprises. Adam Smith as the father of liberal economics holds that the market economy is a main source of progress, cooperation, and prosperity. liberalism              economy viewed the economy as a mutual beneficial arena.

3.b Realist (Mercantilism) "politics drives economics"

focus on state. mercantilism saw the international economy as a conflict arena because there is a conflicting interest  in it than the beneficial coorperation . in the other words , mercantilism notice the international  economy as a zero sum game arena where the benefit which get by the country is a  loss for the other  country.  mercantilism assume that material wealth of a country must be worry   about, because  through the relative economic advantages of a country , then the country will be able to strengthen its  political and military to fight another country (Sorensen, 2005: 232).

c. Marxism "economy drives politics"
The actors are classes and social forces. Marxism puts the economy on politics. in a capitalst economy, Marxists see the existence of two classes created, i.e. the bourgeoisie and the proletariat (Sorensen,2005;235-236). the domination of the bourgeoisie in the capitalist economy is viewed also has a tendency to dominate the political sector. in essence, the approach of Marxism assumed that the main actors are classes. that the ruling classes that dominate one of the sectors will also dominate the other sector. 

credits :

Jackson, Robert & Sorensen, Goerg. 2005. Pengantar Studi Hubungan Internasional. Oxford University Press 

Gilpin, Robert. 2001. “The New Global Economic Order”, dalam Global Political Economy: Understanding the International Economic Order, Princeton: Princeton University Press, pp. 3-24

Gilpin, Robert. 2001. “The Nature of Political Economy”, dalam Global Political Economy: Understanding the International Economic Order, Princeton: Princeton University Press, pp. 25-45 

Gilpin, Robert. 2001. “The Study of International Political Economy”, dalam Global Political Economy: Understanding the International Economic Order, Princeton: Princeton University Press, pp. 77-102 

Ravenhill, John. 2008. “The Study of Global Political Economy”, dalam John Ravenhill, Global Political Economy, Oxford: Oxford University Press, pp. 18-25

well... hopefully it can help :) see you guys on another post.