IPE meaning in Business ?

International political economy (IPE), also known as global political economy (GPE), is the study of how politics shapes the global economy and how the global economy shapes politics. It is a subfield of economics, political science and international relations. IPE is most closely linked to the fields of macroeconomics, international business, international development and development economics. A key focus in IPE is on the distributive consequences of global economic exchange. It has been described as the study of "the political battle between the winners and losers of global economic exchange."

The substantive issue areas of the global economy are frequently divided into four broad areas: 1. International trade, 2. The international monetary system, 3. Multinational corporations, and 4. Economic development. IPE scholars are at the center of the debate and research surrounding globalization, international trade, international finance, financial crises, microeconomics, macroeconomics, development economics, (poverty and the role of institutions in development), global markets, political risk, multi-state cooperation in solving trans-border economic problems, and the structural balance of power between and among states and institutions.

In trying to understand the foreign economic policies of states, IPE scholars tend to focus on the interests and preferences of relevant actors, as well as the ways in which political institutions aggregate, reconcile or transform these interests into policies. Preferences of actors may be the result of material interests or ideas about what is desirable.