The Politics of International Economic Relations
The Politics of International Economic Relations
The purpose of the essay is to draw out the conceptual differences of Liberalism, Realism and Marxism. Each author stands for different approach among the three readings. Deundey and Ikenberry are liberals, Gilpin researches for Realism, David Harvey is a typical scholar of Marxism. The perspectives of three authors overlap on three issues but have different view on them. The first issue is what are the main actors involved in economic relations according to liberals, realists and Marxists approaches. The second one is how do three approaches define the nature of hegemony in the articles differently. Finally, what do liberals, realists and Marxists think about the role of state power. At the end of the essay, there will be a conclusion.
What are the main actors involved in economic relations according to liberals, realists and Marxists approaches?
Liberalism is a kind of ideology, philosophy, with freedom thought. The characteristics of liberalism which are pursuit of development, believe that human good nature, and support personal autonomy, in addition also claims to relax and exempt from dictatorship to individual control (Will, 2012). For the liberal economic relations, Deundey and Ikenberry thought the most important factors are hegemonic powers and free trade. Due to realists think hegemonic powers help to set and improve rules, lots of states and companies get rich interests from absorb exports, wield incentives and exchange currency, these states and companies more likely to keep opening their domestic market (Deundey & Ikenberry, 1999). Liberal states use free trade to change or keep their favourable cooperative partners politically and strategically. Furthermore, liberalism use government power to protect individual freedom thought of social and legal restrictions, ensuring the concept of free trade, encourage developing private firms, transparent political system to guarantee the rights of every
The purpose of the essay is to draw out the conceptual differences of Liberalism, Realism and Marxism. Each author stands for different approach among the three readings. Deundey and Ikenberry are liberals, Gilpin researches for Realism, David Harvey is a typical scholar of Marxism. The perspectives of three authors overlap on three issues but have different view on them. The first issue is what are the main actors involved in economic relations according to liberals, realists and Marxists approaches. The second one is how do three approaches define the nature of hegemony in the articles differently. Finally, what do liberals, realists and Marxists think about the role of state power. At the end of the essay, there will be a conclusion.
What are the main actors involved in economic relations according to liberals, realists and Marxists approaches?
Liberalism is a kind of ideology, philosophy, with freedom thought. The characteristics of liberalism which are pursuit of development, believe that human good nature, and support personal autonomy, in addition also claims to relax and exempt from dictatorship to individual control (Will, 2012). For the liberal economic relations, Deundey and Ikenberry thought the most important factors are hegemonic powers and free trade. Due to realists think hegemonic powers help to set and improve rules, lots of states and companies get rich interests from absorb exports, wield incentives and exchange currency, these states and companies more likely to keep opening their domestic market (Deundey & Ikenberry, 1999). Liberal states use free trade to change or keep their favourable cooperative partners politically and strategically. Furthermore, liberalism use government power to protect individual freedom thought of social and legal restrictions, ensuring the concept of free trade, encourage developing private firms, transparent political system to guarantee the rights of every