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Preferred term

comparative political economy  

Definition

  • Comparative political economy (CPE) studies how political determinants influence socioeconomic outcomes and how economic determinants shape political behavior. The political economy of the welfare state is a particularly interesting area for illustrating CPE, as it both shapes socioeconomic outcomes and is shaped by them. [Source: The Encyclopedia of Political Science; Political Economy, Comparative]

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https://concepts.sagepub.com/social-science/concept/comparative_political_economy

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