The studies of international Relations have been developed to understand the process of political interactions among countries, societies and businesses. International Relation (IR) is important for a country as it helps in influencing people that eventually impacts their actions. The IR has also an important role to play in the economic growth of a nation. The growing trend of globalization has mandated it for businesses around the world to be involved in the global market. Involvement in the foreign market requires building of International Relations with other nations[ Brown, C. and Ainley, K. (2009). Understanding international relations.]. Thus, developing International Relations supports a country in business growth which will help in economic growth of the nation. The UK is itself a developed economy and has been known for its strong and effective economic policies. The aim of the essay is to discuss the concept of International Relations in detail with the use of the various studies that have been developed by scholars to study the concept. The IR would be discussed with the use of Interpretative approach particularly. Further, the essay would also brief the strengths, weakness and the issues arising in management of IR.
The changes in the international system and the increasing significance of economic interdependence divided the study of International Relation into three directions or fields. The first field is the International political economy, the central field of IR where scholars deal with the politics of international trade and monetary relations. The studies conducted under this field focus on the economic policy making in other nations.