Global politics, also called global economics, refers to both the field which studies the economic and political patterns of the world as a whole and the political atmosphere that link these fields. In the center of this field are the many complex processes of global political globalization in reference to issues of socio-economic power. These processes have been deeply affected by the historical transformations in the development of various socio-economic structures in the modern era. It is also related to the interaction processes between the various nations which determine the strength and weakness of their socio-economic structures.
The study of world politics has become highly complex in the last century. The most recent theories on international relations attempt to combine the insights from various political science courses on world politics. These theories attempt to combine macro and micro level analysis on the different political aspects of world politics. Comparative political theory also tries to bridge the gaps in understanding world politics by integrating the theories of political science, economics and international relations. This has paved the way for a more comprehensive approach in understanding world politics.
Comparative political theory provides the framework in which international political competition can be understood better. In addition, it also provides the theoretical foundation on which comparative political science relies to understand the dimensions which influence the nature of world politics. Furthermore, by combining the two, it is possible to arrive at a far more encompassing and comprehensive perspective on the nature of global politics. Comparative political science helps in producing a more dynamic perspective on world politics and provides a useful guide in the search for alternatives to the existing global governance arrangements.
Comparative political economy traces its origins to the process of globalization. The main focus of this theory is to compare and contrast the practices and policies of countries which are able to pool resources, technologies and political power via the open market and those that do not. Comparative political economy highlights the differences in quality of governance, development scope, levels of development, income shares, and use of various international institutional arrangements, as well as the impact of trade and financial flows on national development and welfare. These factors are then translated into policies and institutions that affect the domestic and global welfare of individuals and nations alike.
Comparative political economy also attempts to show the interdependence among nations through comparative political science. Comparative political science is used to analyze how policies affect one another. It also analyzes the sources of international trade. Comparative international relations further examines how world politics are affected by the United Nations and how other international institutions such as the World Trade Organization (WTO) affect world politics. In addition, this literature analyzes the relationship between international organizations and bilateral trade.
Comparative political science is essential in the study of world politics. It has provided much-needed insights on how political systems across the world have evolved over time. Additionally, comparative political science provides new methods and means by which to understand changes in the international system over the last two centuries. Finally, it has served as a useful platform for developing comprehensive theories on the evolution of world politics. In conclusion, globalization has had a profound effect on the way that global politics is understood today.