Describe the various attributes of political economy approach to the study of comparative politics.

1. Introduction:
Political economy is an interdisciplinary approach that combines insights from political science and economics to analyze the relationship between political and economic structures. When applied to the study of comparative politics, the political economy approach offers a lens through which to understand how political and economic factors interact and shape outcomes in different societies.

2. Definition and Scope of Political Economy Approach:
Political economy in comparative politics involves the study of the interplay between political and economic systems within and across nations. It seeks to uncover the mechanisms through which political institutions, policies, and ideologies impact economic structures, and vice versa. The scope extends beyond mere economic analysis, incorporating political institutions, power dynamics, and societal structures.

3. Interdisciplinary Nature:
Political economy draws from both political science and economics, combining theories, methodologies, and concepts from these disciplines. This interdisciplinary nature allows scholars to examine issues ranging from economic policies and market structures to the political determinants of resource allocation and the distribution of wealth.

4. Focus on Institutions and Governance:
One key attribute of the political economy approach is its emphasis on institutions and governance structures. It explores how political institutions, such as the legal system, bureaucracy, and regulatory bodies, shape economic behavior. Additionally, it investigates the impact of governance on economic outcomes, including issues of corruption, rule of law, and property rights.

5. Analysis of Economic Policies:
Political economy scholars analyze the formulation and implementation of economic policies within different political contexts. This includes studying how political ideologies influence economic decision-making, the role of interest groups in shaping policies, and the impact of electoral cycles on economic agendas.

6. Role of State and Market:
The political economy approach examines the intricate relationship between the state and the market. It explores the extent of state intervention in the economy, the design of economic institutions, and the regulatory frameworks that influence market dynamics. The approach recognizes that the state and market are not separate entities but interact in shaping economic outcomes.

7. Comparative Methodology:
Comparative politics, within the political economy framework, involves comparing the political and economic structures of different countries. This comparative methodology allows scholars to identify patterns, variations, and causal relationships, providing a deeper understanding of how contextual factors impact political and economic systems.

8. Distribution of Resources and Social Inequality:
Political economy pays particular attention to issues of resource distribution and social inequality. It investigates how political decisions and economic policies contribute to the distribution of wealth and resources within a society. This includes analyzing the impact of taxation policies, social welfare programs, and labor market structures on inequality.

9. Globalization and International Political Economy:
As the world becomes increasingly interconnected, political economy in comparative politics extends to the global arena. Scholars examine the impact of globalization on national political and economic systems, exploring issues such as international trade, foreign direct investment, and the role of global institutions in shaping domestic policies.

10. Historical and Contextual Analysis:
Political economy recognizes the importance of historical and contextual factors in shaping political and economic outcomes. Scholars analyze how historical events, cultural norms, and societal structures influence the development of political and economic institutions, providing a holistic understanding of a nation's trajectory.

11. Policy Implications:
A practical attribute of the political economy approach is its focus on policy implications. By understanding the relationship between political and economic factors, scholars can offer insights into the design of effective policies, institutional reforms, and strategies for addressing economic challenges within specific political contexts.

Conclusion:
The political economy approach to the study of comparative politics offers a robust framework for understanding the intricate connections between political and economic systems. By embracing an interdisciplinary perspective, analyzing institutions, and employing a comparative methodology, scholars can unravel the complexities of governance, economic policies, and societal outcomes across diverse national contexts. This approach not only deepens our theoretical understanding but also informs practical policymaking by recognizing the inherent interdependence of political and economic forces in shaping the destiny of nations.