Realist Theory of International Political Economy (IPE)

Realist Theory of International Political Economy (IPE)

Introduction
Realism in IPE emphasizes power, state-centric behavior, and national interest in international relations.

Realist principles to economic interactions within the global system.

1. Primacy of the State
- States are the primary actors in the international system.
- Economic behavior driven by the pursuit of power and national interest.

2. Competition and Conflict
- Anarchy in the international system leads to economic competition.
- States vie for economic resources, often resulting in conflict.

3. Power Politics in Trade
- Trade is a tool for enhancing power and security.
- Economic interactions as extensions of power politics.

4. National Interest
- Central role of national interest in shaping economic relations.
- States prioritize economic well-being and security.

5. Absolute Gains
- Zero Sum game in economic relation.
- States proritize absolute gains augmenting their power and posiion.

6. Role of Power and Security
- Economic power linked to military and political power.
- Economic strength as a component of overall state power.

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