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Consider the following statements:
Statement I: In the middle of the 1960s, as the global economy struggled and the third world's development lagged, the term "international political economy" started to get the attention of academics.
Statement II: Theories of international political economy offer many solutions to the problem of significant system change that would affect who receives what, when, and how.
Which of the statements are correct?
  • a)
    Both Statements I and II are incorrect
  • b)
    Both Statements I and II are correct
  • c)
    Only I is correct
  • d)
    Only II is correct
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:Statement I: In the middle of the 19...
The correct option is Both Statements I and II are correct.
  • The phrase "international political economy" (IPE) refers to the blending of politics and economics that occurs when people, commodities, services, money, ideas, and people cross international boundaries.
  • Amid issues with the global economy and slow development in the third world, the term "international political economy" started to get the attention of academics in the middle of the 1960s.
  • Theories of international political economy offer many solutions to the problem of significant system change that would affect who receives what, when, and how.
  • By connecting political actors from different nations to international economic connections, they build on some of the ideas and theoretical frameworks of the many IR models. The latter, economic interactions, is based on markets, which serve as the hub for trading based on supply and demand.
  • In the middle of the 18th century, in part as a reaction to mercantilism, the Scottish philosophers Adam Smith (1723) and David Hume (1711), as well as the French economist François Quesnay (1694), began to approach this study in a systematic rather than piecemeal manner. Political economy then became a distinct field of study.
    • They adopted a secular strategy, rejecting to interpret the distribution of wealth and power in terms of God's will instead citing intricate interplay among political, economic, technological, natural, and social forces.
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Consider the following statements:Statement I: In the middle of the 1960s, as the global economy struggled and the third worlds development lagged, the term "international political economy" started to get the attention of academics.Statement II: Theories of international political economy offer many solutions to the problem of significant system change that would affect who receives what, when, and how.Which of the statements are correct?a)Both Statements I and II are incorrectb)Both Statements I and II are correctc)Only I is correctd)Only II is correctCorrect answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements:Statement I: In the middle of the 1960s, as the global economy struggled and the third worlds development lagged, the term "international political economy" started to get the attention of academics.Statement II: Theories of international political economy offer many solutions to the problem of significant system change that would affect who receives what, when, and how.Which of the statements are correct?a)Both Statements I and II are incorrectb)Both Statements I and II are correctc)Only I is correctd)Only II is correctCorrect answer is option 'B'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Consider the following statements:Statement I: In the middle of the 1960s, as the global economy struggled and the third worlds development lagged, the term "international political economy" started to get the attention of academics.Statement II: Theories of international political economy offer many solutions to the problem of significant system change that would affect who receives what, when, and how.Which of the statements are correct?a)Both Statements I and II are incorrectb)Both Statements I and II are correctc)Only I is correctd)Only II is correctCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement I: In the middle of the 1960s, as the global economy struggled and the third worlds development lagged, the term "international political economy" started to get the attention of academics.Statement II: Theories of international political economy offer many solutions to the problem of significant system change that would affect who receives what, when, and how.Which of the statements are correct?a)Both Statements I and II are incorrectb)Both Statements I and II are correctc)Only I is correctd)Only II is correctCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements:Statement I: In the middle of the 1960s, as the global economy struggled and the third worlds development lagged, the term "international political economy" started to get the attention of academics.Statement II: Theories of international political economy offer many solutions to the problem of significant system change that would affect who receives what, when, and how.Which of the statements are correct?a)Both Statements I and II are incorrectb)Both Statements I and II are correctc)Only I is correctd)Only II is correctCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UGC NET. Download more important topics, notes, lectures and mock test series for UGC NET Exam by signing up for free.
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