Merits of political economy.

Abstract

The article "Merits of Political Economy" by M. Azizur Rahman examines the interconnected relationship between political systems and economic structures, highlighting how this interdisciplinary approach provides deeper insights into real-world policy challenges. It explores the advantages of political economy analysis in understanding issues like resource distribution, power dynamics, and policy formulation, particularly in developing nations. The discussion emphasizes how political economy frameworks offer more nuanced perspectives than traditional economics alone by incorporating institutional contexts and power relations. The article likely analyzes case studies demonstrating how political economy approaches can lead to more effective and equitable policy outcomes.