2. What Is Political
Economy?
• The term itself has a long history – part of
political science
• Strengthened in 18th/19th century – Adam
Smith, Ricardo, Marx et al
• Essentially looking at structural factors to try
to explain why things are they way they are
• For development actors it became particularly
prominent to help answer the dilemma: We
have the “best” technocratic solutions so why
hasn’t anything changed?
6. Sum it Up
Interventions are more effective when they are
informed by a solid understanding of context -
regional, country-level, sectoral or local.
It is about understanding what the non-obvious
problem that may affect your project and how
to ensure success
To get real benefits from interventions and
minimise the risk of doing harm, practitioners
need to know how politics works in the places
where they are operating.