States exist in an international system of political, military and economic interdependence. The basic questions examined in this unit are—What is the nature of this political–economic system and what are its consequences for political stability and economic growth? What is the role of institutions like the World Bank, the World Trade Organisation and the International Monetary Fund in ensuring order in world markets and providing support for less developed countries? What is the capacity of existing international institutions to manage the global economy and to deal with problems of climate change and environmental degradation? Does economic growth mean that the world is facing... -- Course Website
