World Politics, also called world political science, refers to both the study of the political and economical patterns of the world. At the heart of this field are the various processes of global political globalization in reference to issues of economic globalization. Political globalization is usually referred to as “systemic change” because it encompasses an array of changes taking place simultaneously in a country’s domestic politics, its international relationships, and its policies towards international trade. The sheer number of interacting actors in this global system makes it seemingly impossible to keep track of. World Politics also deals with the impact of world events on political systems in the region involved, and also provides important assistance to understand these changes.
Since the advent of the twentieth century, the focus of world politics has become increasingly globalized, with an increasing number of world political science departments and universities appearing throughout the developed world. This has sparked a reaction against traditional theories of national identity and state formation, which privilege the nation-state system over the international organizations, which they claim to be the true agents of world politics. International political science departments have responded to this challenge by developing a body of research which they term, “systemic perspective”. According to this perspective, world politics is characterized by the interaction of a wide range of actors who have reciprocal goals and incentives to influence the political process at a national level. They include nations, transnational organizations, international institutions, organizations of private sector, and international political actors. They also interact with the state and its political structure in a complex network of interrelated processes.
Comparative political economy does not deny the existence of the role of international organizations in the development of world politics. But it also argues that state-building and multilateral bargaining are the key factors behind the emergence of major international organizations such as the United Nations, World Trade Organization, World Bank, and other multilateral financial organizations. It further maintains that the evolution of these institutions has been largely shaped by the relative strength of statecraft and the state’s conception of how they can protect their interests. In the end, comparative political economy emphasizes the importance of democratic peace-keepers and multilateral institutions in bringing about sustainable political changes at the national level.
Comparative political science is the study of world politics by focusing on the elements of globalization. By globalization, the meaning of “globalization” is understood to refer to changes in specific aspects of world trade and finance over time. These changes are manifested in terms of changes in rates of global investment, openness of global trading, openness of capital flows, and foreign direct investment. In a broader sense, globalization refers to the tendency of nations to seek more cooperation in foreign affairs apart from their open relations. It also implies the spread of liberal values throughout the world.
Comparative political science is an essential component of international business, political science, and international studies. Such a study helps students to develop relevant theories and to construct relevant empirical study methodology. Comparative political science is important in the determination of global policy objectives as it enables nations to pursue international goals that are not merely self-serving but also those that are in their own interest. A number of approaches to the study of world politics have emerged over the last two decades and have become increasingly influential in policy debate.
The growth of intergovernmental organizations and the availability of information about global governance have played major roles in the development of comparative political science theory and in the shaping of national perspectives on world politics. Most developing nations face serious limitations in their capacity to participate effectively in global decision making processes. Without the support of other nations, a nation-state’s ability to pursue its domestic objectives goes to the wayside and national interest takes a backseat to other considerations. As a result, participative decision-making is hindered at the national level and international organizations enjoy a lack of consensus when it comes to matters of international dimension.