Different Models of Political Economy in EU States and their Reflection on Euro's Purpose

International Political
Economy

Contents
Topic: What different models of political economy are evident among EU states? How is this
reflected in different conceptions of the euro and its purpose?.......................................................3
Introduction......................................................................................................................................3
Main Body.......................................................................................................................................3
Conclusion.......................................................................................................................................5
References........................................................................................................................................6

Topic: What different models of political economy are evident among EU
states? How is this reflected in different conceptions of the euro and its
purpose?
Introduction
The term political economy refers to an interdisciplinary branch of social science that
focuses on establishing relationships among individuals, public policy and government bodies.
The political research economy investigates suitable interactions between economics and
political economy (Bache & et. al., 2020). This provided document revolves around the given
question each of the theses that support the ideology and backs them up with scientific data. The
author goes on to explain how these economic changes have resulted in a major increase in
socio-economic disparity within and between states of the European Union (Alabrese & et. al.,
2019).
Main Body
As the international political economy is being primarily concerned with international
economics, it nevertheless supports the economic theory or other ideas. It has a variety of
patterns that also reflects on the regional culture of the respective city in the EU. In light of the
current trends that focus on neoclassical or traditional economic models neoclassical economics,
there are Marxist and institutionalist global political economy perspectives. The concept is that
international political economy theorists want to utilize economic theory to create models that
can predict how political players act, their interests and policies, among other things. The idea is
that international political economy theorists deem to utilise economic theory for the creation of
models that can predict how political individuals behave with their interests and formulation of
policies among other things (Bengtsson, 2020).
International political economy reflects towards the economic history of the region such
as traditional beliefs and existing cultures being followed by residents. There's still a lot of it that
is based on the experience of economic historians, mostly from before WWII. The term political
economy is preferred since the key focal areas are economic process results and tactics.
Neoliberalism is a philosophy that pervades many advanced and developing country regimes, as
well as multinational organizations like the United Nations, the Bank for International