The political economy perspective in Comparative Politics has redefined the understanding of state power, governance, and development. Critically analyze how dependency theory, world-systems theory, and neo-Marxist approaches explain political and economic inequalities between the Global North and the Global South.

The political economy perspective in Comparative Politics examines the interplay between economics and politics, highlighting global inequalities shaped by dependency theory, world-systems theory, and neo-Marxist approaches. These frameworks critique traditional views, arguing that colonialism, capitalist structures, and economic hierarchies perpetuate disparities, affecting state governance and policy in various global contexts.

The comparative method in political analysis has evolved from a search for universal models to a recognition of contextual specificities. How have approaches like historical institutionalism, constructivism, and dependency theory redefined the study of political systems across different regions? Critically discuss with examples.

The essay traces the evolution of Comparative Politics from reliance on universal models to a focus on contextual specifics. It highlights frameworks such as historical institutionalism, constructivism, and dependency theory, which emphasize historical trajectories, identity, and global economic structures, reshaping our understanding of political systems and their complexities.