Description
Political Economy and Development explores the interplay between politics and economics, asking why some nations prosper while others remain trapped in poverty. It examines major theoretical frameworks—liberalism, mercantilism, Marxism, and dependency theory—and applies them to real-world issues like inequality, foreign aid, industrialization, and the resource curse. The field emphasizes that development is not purely economic but deeply shaped by political institutions, historical legacies, and global power structures, equipping students to critically assess policies and outcomes across the Global South and beyond.
