Metatheoretical Issues of the Evolution of the International Political Economy

Nataliya Dalevska,Vyacheslav V Dementyev,Aleksy Kwilinski

doi:10.3390/jrfm15030124

Abstract

The topicality of the international political economy is determined by the complexity and dynamism of transformation processes in the world economic system, which are developing through information networks and financial technologies. The purpose of the article is to reveal the meta-theory elements of the international political economy in the context of their renewal in the context of the world economic system development in the wave of “information society”. To obtain scientifically sound results, the article uses the historical–logical method, the dialectical method of proceeding from the abstract to the concrete, institutional and evolutionary approaches. The article develops theoretical and methodological foundations for developing the international political economy. It is substantiated that the research agenda of the international political economy is characterized by socio-integrative trends of economic development in the global dimension. The interaction among actors of international relations is analyzed, and the structural components of their functional transformation under the conditions of integration processes advance within the world political and economic space are determined. It is concluded that the international political economy serves as a theoretical foundation, an integral general theoretical basis for establishing adaptive conceptual frameworks for building trust and solidarity among the subjects of the world economic system. Theoretical and methodological principles of the international political economy should be based on analyzing systemic and structural transformations of the world economic system; determining the criteria of social legitimacy of international authorities, based on the norms and values of social and environmental justice; and developing conditions for fulfilling the individual’s creative potential the field of world social capital.

Highlights

Modern integration processes are multidimensional in nature, necessitating the transformation of international relations as a substantial basis for the world economic system evolution
At the heart of this transformation, there lies the contradiction between the integration processes within the global political and economic space, developing through information network and financial technologies, and the localization of material and labor resources that cannot move in space at the speed of information and financial flows, which has various forms of manifestation and solution (Hrytsenko 2015, 2018)
The international political economy serves as a theoretical foundation, an integral general theoretical basis for establishing adaptive conceptual frameworks for building trust and solidarity among the subjects of the world economic system

Summary

Introduction

The world economic system development in the wave of “information society”. The instability of the world economic system makes it urgent to study and forecast possible options for its development, directions, and forms of transforming the system of international relations, political and economic institutions within the world political and economic space. This will be possible by building such theoretical models that would lay the groundwork for further transformations in the world economic system. Analyzing the origins of global crises, scientists raised questions about metatheoretical provisions that update the research agenda of the international political economy, which can create the prerequisites for economic growth based on using the potential benefits of an open economy

Objectives

Methods

Results

Discussion

Conclusion