Political Economy can be generally defined as a study drawing upon branches economic, politics and law aiming to explain clearly the existing relation between different countries of the World The area of research combines economics and different related fields of study. Political Economy endeavors to understand the policies both domestic and international. adopted by governments all over the world Though this branch of social philosophy." as many would call it, has been replaced by the term economics using axiomatic principles and fundamental mathematical techniques to understand the functioning of the economy as a whole political economy" remains one of the essential tools for analyzing trends in the current global economy