In depicting the International Political Economy, Susan Strange, (1988) in her work “States and Markets” depicts it as a concern of social, political and economic arrangements that affect global systems of production, exchange and distribution and the mix of values reflected therein (Murphy and Tooze, 1991). International Political Economy is defined as the interplay of economics and politics in world affairs (Baylis and Smith, 2001). A dynamic and pivotal force within the global political economy which shows a definite interplay between politics and economics is the country of China; a country whose political system is primarily that of a communist state. Although this is so and has some hardnosed ruling, China has been able to be an example of a country whose has the ability to take over the world and not from a political position but as a super power in business relations alike. In view of this fact that one cannot look away and not draw reference to that of September 15, 2008, where the entire world has had to face the effects of the global economic crisis and as such many nations have had difficulties since then in regards. It has become such a strain on so many nations but one country has been able to somewhat curtail the effects of this downturn, that country is China. With its political ruling and methods of conducting business it has been able to fight through this period, even so much better than its pitfalls in the Asian crisis of 1997 has created a system where they have opened trading with countries around the world. This has changed its perception and has opened its doors as its means of business and economic and political control have been altered.
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...as was brought out in this essay. Inclusive of this analysis is the transition in the global political economy and the study of IPE.
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