This subject examines the interaction between the global economy and international politics. It examines the emergence of the global economy and its interactions with the international system of states. It begins with the historical development of the global economy, focusing on developments since 1945. It then introduces the key actors in the global economy and the international system with a particular focus on states, institutions such as the WTO, IMF and World Bank, firms and non-state actors. The third section examines the key processes in the global economy including globalization, production, international trade, and the international monetary and finance systems. The final section considers a range of pressing global issues: the politics of the global environment and climate change, inequality and poverty, the question of America's decline and the revival of state capitalism.

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