The Shaping and Evolution of the International Political Economy System: A Historical Study

Document Type : Research

Authors

1 Associate Professor, Department of International Relations, Faculty of Law and Political Science, Allameh Tabataba'i University, Tehran, Iran

2 M.A. in International Relations, Department of International Relations, Faculty of Law and Political Science, Allameh Tabataba'i University, Tehran, Iran

Abstract

Nowadays, a significant portion of scientific achievements in the natural sciences owes its success to laboratories that can quickly verify the accuracy of scientists' calculations. However, the situation in the humanities is entirely different. In the humanities, the laboratory of history is employed to test hypotheses. Accordingly, this research aims to examine the history of international relations intertwined with the history of international economics to analyze the variables that have influenced the formation and evolution of the international political economy system. The research question can be framed as follows: How has the development and evolution of the contemporary international political economy system unfolded. It can be stated that the political entities that achieved a form of economic hegemony after the 14th century played a pivotal role in shaping and evolving the international political economy by leveraging two key variables: investment in the international order and the acquisition of modern technologies. This study adopts the assumptions of the empirical approach and employs a deductive strategy to examine how the international political economy system has developed and evolved. The research methodology is fundamental, case study and trend study. The findings of this research indicate that the formation of the international political economy system over the past five centuries has occurred within the framework of competition among economic hegemons. Each of these actors, by leveraging variables such as technology, investment, and institutional innovations, has played a significant role in this process.

Keywords

References

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International Political Economy Studies
Volume 7, Issue 2
December 2025
Pages 1-26

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History

  • Receive Date: 28 September 2024
  • Revise Date: 05 November 2024
  • Accept Date: 29 December 2024

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