An analysis of the power in economy and politics throughout the world

Collinson ed p. As the name suggests, political economy is concerned with how political forces influence the economy and economic outcomes. However, the interactions run both ways and political economy is interested in both.

An analysis of the power in economy and politics throughout the world

It is based on the understanding that issues of power asymmetries, access to resources and influence over politics must be addressed if poverty is to be reduced. Power analysis seeks to map the informal political landscape, including its rules and structures.

How does Power Analysis work? This is an approach based on understanding power.

An analysis of the power in economy and politics throughout the world

It does not work to a fixed definition of power: In a power analysis of Tanzania, the focus was on three questions Hyden, First, who sets the policy agenda; whose ideas and values dominate policy? Secondly, who gets what, when and how, and how do formal institutions shape the distribution of costs and benefits.

Thirdly, who knows whom, why and where; how do informal social networks shape the policy process? In a power analysis of Ethiopia, knowledge as power was the central organising theme Vaughan and Tronvoll, Power analysis studies are initiated by country offices and carried out by country experts.

There is much scope for the analysts to adapt the approach and define the areas of focus.

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The analysis is centred on desk reviews and secondary research, but it is often complemented by interviews and questionnaires. The level of resources and time required varies, but with an emphasis on desk research, interviews and qualitative analysis, the costs are limited largely to person-time.

A recent review of power analysis in its experimental phase suggested that the abstract nature of the concepts concerned and the broad scope for consultants to interpret the Terms of Reference for each analysis may produce results that are hard to compare and not necessarily as distinctive as had been hoped Moore, in Sida, This may be problematic, but it is important to recognise the utility of country-specific knowledge, which is of great value even if not easily comparable between countries.

Elements of Power Analysis Conceptual approach and indicators Conceptualising power as being central to poverty reduction is an obvious but nevertheless important insight that CSOs might take away from Power Analysis.

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However, if they are tempted to employ the concept of power, they should ensure that they think carefully about what it means, and how they intend to map it.

Otherwise, putting power at the centre of analysis may be problematic see Moore, in Sida, The emphasis of Power Analysis on understanding the formal and informal political landscape is a useful corrective to approaches that focus largely on formal political rules and institutions.

Its acknowledgement of aspects of context, such as culture, convention, and systems of shared belief, might also be taken up by CSOs seeking to map their own contexts Vaughan and Tronvoll, Data Power Analysis provides little guidance in terms of data collection, sources and methods.

Analysts can make use of existing data sources, or collect their own data. Ways of collecting data about power - its constitution, distribution, exercise and control - might include panels of independent experts, surveys of well informed people, public opinion polls, and focus group discussions.

Defining characteristics of political economy analysis Translations In these essays, written with one exception between andImmanuel Wallerstein elaborates on the political and theoretical implications of the world-systems perspective outlined in his celebrated books The Modern World-System and The Capitalist World-Economy.
World-systems theory - Wikipedia United States[ edit ] Alfred Thayer Mahan and sea power[ edit ] Alfred Thayer Mahan —a frequent commentator on world naval strategic and diplomatic affairs, believed that national greatness was inextricably associated with the sea—and particularly with its commercial use in peace and its control in war. Mahan's theoretical framework came from Antoine-Henri Jominiand emphasized that strategic locations such as chokepointscanals, and coaling stationsas well as quantifiable levels of fighting power in a fleet, were conducive to control over the sea.
Historical development Semiperiphery countries Semi-peripheral nations are those that are midway between the core and periphery. Therefore, they tend to apply protectionist policies most aggressively among the three categories of nations.
Hegemony | political science | For many development professionals, political economy has become the gold standard of foundational analysis for programming. It helps us to understand how power and resources are distributed in a society or sector and is important for ensuring our programmes and campaigns avoid cookie-cutter technical solutions and are designed for real world impact.

Analysis, presentation and recommendations The information produced by a Power Analysis is largely of a qualitative nature.on market, takes seriously the Marxist critique of the world economy, incorporates the significance of national and strategic interests, and recognizes the significant role of state in the world economy.

Dec 04,  · The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between .

Ideas of both of these books are anticipated throughout this blog series and in my current book, International Political Economy: The Business of War and Peace—a useful tool for students interested in international relations and economics.

Stefan Dercon, Chief Economist, of UK’s DFID gave a thought-provoking talk about Aid Is Politics last week, and he made the point that much of what passes as political economy analysis is pessimistic or refuses to make policy suggestions.

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However, people who work in development do not have that luxury. THE POLITICS OF U.S. FOREIGN POLICY the foreign policy of the United States has experienced important continuities and changes over time. After World War I, U.S. foreign policy reflected a strong isolationist sentiment against Wilsonian involvement in the international political economy.

Political economy: Political economy, branch of social science that studies the relationships between individuals and society and between markets and the state, using a diverse set of tools and methods drawn largely from economics, political science, and sociology.

Mapping Political Context: Power Analysis | Overseas Development Institute (ODI)