political economy
6
5.3
- noun
- /pəˈlɪtɪkəl ɪˈkɒnəmi/
- Specialized
:
economía política
- The study of political economy helps us understand how government policies affect the economy.
- political economy of oil
- international political economy
- global political economy
It becomes a political economy problem, which is how to get it to take hold in the system.
- It becomes a political economy problem, which is how to get it to take hold in the system.
- So this is the problem at the heart of America's domestic political economy, the most inefficient welfare state in the world.
Examples
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Many students are interested in political economy because it combines economics with political science.
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In his lecture, he discussed the relationship between social welfare programs and political economy.
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What was the political economy behind these laws?
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Thus, despite their differences, the new political economy of oil is much like the old.
Academic text (1999) -
I'm learning real political economy now.
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The discussion is based on political economy, but where possible, we shall bring economic discussions into the picture.
Academic text (2017) -
More than ever, therefore, development and underdevelopment must be a study in political economy.
Academic text (1993) -
Taiwan provides an unusual case of upward mobility in the international political economy.
Academic text (1993) -
For decades, the South African political economy has been characterized by heavy-handed state regulation of private exchange.
Academic text (1992) -
Can we identify and fully evaluate the impact of the privatization reforms on the political economy?
Academic text (1993)
Surface Forms
Morphology
The meaning — the study or aspect of the economy that is connected to politics and public policy — is directly built from 'political' (related to politics) modifying 'economy' (the production/distribution system), so a learner who knows both words can infer the phrase. This modifier+noun composition is cross-linguistically common (e.g. economía política, économie politique, 政治経済) and follows standard English semantics, making it immediately comprehensible to a B1 learner.
Etymology
Political economy joins political (about government and power) and economy (about money and trade), giving a clear image of rules and leaders acting on business. So it now means the 'study of how governments and policies shape money, business, and trade'.