Political Economy - Approaches to political economy - State-centric political economy
4 important questions on Political Economy - Approaches to political economy - State-centric political economy
How are economic markets seen in the state-centric political economy and from what did it develop?
In this political economy economic markets are not natural, but exist within a social context that is largely shaped by the exercise of state power.
What is the classic mercantilist strategy?
What is the difference between defensive and aggressive mercantilism?
- Aggressive mercantilism: aimed to strengthen the national economy in order to provide the basis for expansionism and war.
Why did the state-centric approach decline and revive?
They have revived through the idea of state capitalism.
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