Global politics, sometimes called global economics, refers to both the field which studies the economic and political patterns of the world and political systems of various countries. In the core of this field are the various political processes of socio-economic globalization in reference to issues of political power. There is a growing inter-linkage of economic growth with the politics of nation states. Some of the processes of globalization affect political development in a country.
Comparative political theory is one of the most developed areas in world politics today. The study of comparative political theory offers students the opportunity to develop a comparative perspective on the political development across different countries. Comparative political theory is intimately connected to globalization processes and the analysis of comparative political theory can provide a unique perspective on issues related to globalization. The theories of comparative political theory offer students the unique opportunity to develop an in-depth understanding of world politics. In addition to this there are some other interesting areas such as socio-cultural psychology, political science and history that also offer a comparative perspective on world politics.
Globalization has been playing a crucial role in the development of world politics. The globalization process has resulted in the integration of different cultures and traditions across national borders leading to the creation of multi-ethnic societies. The process also led to a major expansion of global trade. The development of international trade has helped to spread the scale of global poverty and political empowerment is also facilitated through the globalization process.
Comparative political economy traces its roots to the attempt to understand the nature of political markets – the relative prices of goods and services that can be traded internationally on the market. Comparative political economy attempts to give substance to the popular belief that national boundaries have little to do with the level of living of citizens in a country. Political economy studies attempt to answer the question of how political institutions can co-exist peacefully along with competitive pressures from other nations. The ability of a state to address various concerns is considered by the international relations theories. Political economy also attempts to explain the nature of international trade and how it impacts the domestic economy. Finally we can discuss the relationship between world politics and international trade.
While most people are familiar with the idea of global economics, very few of them are familiar with the debate about international relations. The growth of globalization has paved the way for the rise of international relations. This has prompted many prominent intellectuals like Oxford Professor Martin Nochlin to write books on the subject. However, many eminent personalities including former US President George Kennan did not support the idea of globalization. Thus the division between global and international economics had a lot of confusion during the time of Gorbachev.
Comparative political science offers the unique opportunity to develop political decision making processes by analyzing the relationships among various world political entities. Comparative political science is useful in the fields of diplomacy, international organizations, international trade and global governance. Comparative political science combines theory with practice by equipping students with both the theoretical and practical knowledge of world politics. Students studying comparative political science have a deep understanding of world politics and a strong appreciation for freedom. They also develop positive attitudes towards democracy and human rights.