Authors retain the copyright without restrictions for their published content in this journal. HSSR is a SHERPA ROMEO Green Journal.
This is an open-access article distributed under the terms of
THE ROLE OF GOVERNMENT ON POLITICS AND INTERNATIONAL TRADE
Corresponding Author(s) : Rabiul Islam
Humanities & Social Sciences Reviews,
Vol. 7 No. 3 (2019): May
Purpose of the study: The aim of this study is to discuss the role of government on politics and trade. Political economy brings the production and exchange of goods and services that are parallel with the country’s law. The government plays a massive role because if it is not effective then the trade profitability will be decreased. Thus, political intervention is needed to protect the development of economy, sovereignty, and citizens of the state.
Methodology: The data for this study were obtained from existing literatures on the role of government on politics and international trade. The methodology relied heavily on existing literatures on the subject being dealt with.
Result: Political economy on international trade enables the cheap production and import of goods and services in the country. This is because international trade does not limit to commodities as they are produced by only some countries. Finally, political economy can be surveyed by comprehensively gathering political aspects, such as national policies and their administration, and this will take a basic position on the existing and ideal financial models, organizations, and related policies which are being formulated by micro- and macro-economic agendas.
Implication: The interest for the political economy of trade arrangement is the complementary impact of global exchange on local and worldwide legislative issues.
Download CitationEndnote/Zotero/Mendeley (RIS)
Abidin, I. S. Z., Haseeb, M., Chiat, L. W. & Islam, R. (2016a). Determinants of Malaysia – BRICS Trade Linkages: Gravity Model Approach. Investment Management and Financial Innovation, 13(2): 1-10.
Alam, F., Siwar, C., Talib, B. & Islam, R. (2011). Impacts on International Migration and Remittances Growth. American Journal of Environmental Sciences, 7(1): 20-25, 2011.
Alshammari, S. D. & Islam, R. (2014). Export Performance Relationship among Malaysian Exporters. Advances in Environmental Biology, 8(7): 2287-2300.
Balaam & Veseth, (1996). International Political Economy. University of Puget Sound. Pearson Publishers. P.470.
Balaam, D. N. & Veseth, M. (2001). Introduction to International Political Economy. Upper Saddle River, NJ: Prentice Hall. 538p.
Barro, R. J. and Salai-Martin, X. (1992). Convergence. Journal of Political Economy, 100: 223-251.
Cardoso, F. H. & Faletto, E. (1979). Dependency and Development in Latin America: Berkeley: California University Press. 176p.
Frieden, J. & Martin, L. (2003). International Political Economy: Global and Domestic Interactions. Political Science: The State of the Discipline. Ed. Ira Katznelson & Helen V Milner. New York: W.W. Norton. 134p.
Geiersbach, N. (2010). The impact of international business on the Global economy, 123. Business Intelligence Journal - July, 2010 Vol.3 No.2, Pp.123.
Islam, R. & Siwar, C. (2010). Trade and Environment in the Forestry Sector: Towards Sustainable Forest Management. Asian Journal of Scientific Research, 3(1): 1-17, 2010
Islam, R. (2012). Analysing of Trade and Environment in the Sustainable Forest Management towards Sustainable Development. Elixir International Journal (Elixir Social Science), 49(2012): 9775-9781.
Islam, R., Ghani, A. B. A., Abidin, I. S. Z. & Manickam, N. (2017a). Determinants of Factors that Affecting Inflation in Malaysia. International Journal of Economics and Financial Issues, 7(2): 1-11.
Islam, R., Ghani, A. B. A., Abidin, I. S. Z. & Rayaiappan, J. M. (2017b). Impact on Poverty and Income Inequality in Malaysia’s Economic Growth. Problems and Perspectives in Management, 15(1): 1-9.
Islam, R., Ghani, A. B. A., Abidin, I. S. Z. & Sundari, A. (2017c). Effects of Minimum Wage Rate towards the Unemployment Rate. Journal of Applied Economic Sciences, 12(1): 207-222.
Islam, R., Ismail, S. M. & Siwar, C. (2010). Analyzing of Trade Barriers to Timber Trade Policy. American Journal of Environmental Sciences, 6(1): 95-102, 2010
Islam, R., Siwar, C. & Ismail, S. M. (2013). Impacts of Non-tariff Trade Barriers on Tropical Timber Trade in Malaysia. Elixir International Journal (Elixir Social Science), 58(2013): 15214-15218.
Jain, S., Majumdar, S., & Mukand, S. W. (2014). Walk the line: Conflict, state capacity and the political dynamics of reform. Journal of Development Economics, 111: 150-166
Jevons, W. S. (1965). The Theory of Political Economy (Vol. 5). New York: Sentry Press. 376p.
Milner, H. V. (1999). The Political Economy Of International Trade. Annual Reviews Political Science, 110.
Mitra, D., & Ulubasoglu, M. A. (2015). The Political Economy of Development. In A Globalizing World, International Review of Economics and Finance. Retrieved from http://dx.doi.org/10.1016/j.iref.2015.10.020.
Moffatt, M. (2017). What Is International Economics? Retrieved from https://www.thoughtco.com/definition-of-international-economics-1146350. Accessed on 28 April 2018.
Robinson, I. (2015). Area and International Studies: Political Economy. University of Michigan, Ann Arbor, MI, USA Elsevier Ltd. Volume 2, pp. 719–723.
Whipps, H. (2008). How Ancient Trade Changed the World, Live Science. Retrieved from http://www.livescience.com/4823-ancient-trade-changed-world.html. Accessed on 25 March 2017.