Global politics, also called global economics, refers to the area of study that studies the economic and political patterns of the global political system. In the center of this field are the various economic processes of global politics in reference to issues of global social economy. This paper briefly sketches the key areas of contemporary international political economy. It then moves into a detailed analysis of some key issues that are the focus of current research and in developing nations.
Comparative political economy offers a solid background for understanding the evolution of the global political economy. Comparative political economy uses a variety of methods in order to examine the factors that affect international trade, institutions of government, technology transfer, currency rates, and development. These methods allow comparative scholars to compare different countries and compare their policies and institutions with the rest of the world. Comparative political economy also compares the domestic policies of different countries with the ones of other countries in the region and with those of other regions.
Political science combines theoretical inquiry and detailed research with methods of analysis and research methodology. Unlike economics, there is no single theory or field of study that encompasses all aspects of world politics. Rather, political science combines a wide range of approaches and makes an attempt to analyze the various dimensions of global politics. Additionally, unlike economics, political science does not have a pre-determined approach to how international relations develop or how these relationships will play themselves out. Rather, theories and methods emerge from the field’s efforts to describe and provide explanatory power about the processes that unfold, as well as about the relationships among actors and governments in global politics.
International politics is the interactions between states, whether near or far, inside a global political economy. Examples include power politics, foreign aid, human rights, global economic policy, and security. Often, the best efforts at combating global poverty focus on issues such as economic growth, political openness and rule of law, as well as the development of infrastructure and institutions within national boundaries. Another important area of development is diplomacy, which includes the conduct of diplomacy, foreign affairs, and inter-governmental negotiation.
The United Nations is an organization designed and founded by nations, through which global politics is communicated and negotiated. The organization is responsible for the maintenance of peace and stability in world politics and security issues. The major areas of its work include dealing with emergencies, coordinating international assistance, promoting global economic growth, human rights, global development, and global terrorism. It was created by the Group of Seven, which are currently the most developed countries in the world. The United States is a founding member of the United Nations, and its leadership has always been committed to the work of the United Nations.
Comparisons between philosophy of international studies and political science can be quite strong. Philosophy typically compares issues between descriptive philosophy (a descriptive study of reality) and explanatory philosophy (which attempts to discover the underlying causes of reality through reasoning and scientific data). In the case of world politics and international relations, however, there is an added tension between descriptive and explanatory. Philosophy of international studies tends to look at the world in the broad terms of general explanation, while political science and international relations are usually more descriptive in nature. The two also frequently discuss broad issues such as power, values, and interests, though they will disagree on what sorts of moral and ethical truths are important or necessary to solve these problems.