This book provides an overview of the dynamics of the contemporary global political economy, with an emphasis on explaining these dynamics in both theoretical and practical terms. It opens with a chapter on exactly what the study of IPE entails, looking at the way in which politics and economics interact, the relationship between domestic and international factors, and the role of the state. Watson goes on to outline the major theoretical approaches to IPE, from the traditional theories including liberalism and Marxism, to alternative theories including rational choice and new...