Introduction
Political economy refers to the relationship between economic, law and politics of a country. It also tries to analyze the relationship between certain economic factors and the political ground of a country. The determinants of a suitable political economy are adverse in terms of the nature and influence to the economy of a country. Among the most common factors that influence the political economy of a country are free trade and environmental regulations. The two elements have unique relationship with each of them having influence to the other. However, all countries do not have same stand on these factors. For the sake of digging ...