TABLES INTERNATIONAL RELATIONS EXAM 2
Economy? Int. system Theories Forms
MERCANTILISM Is a tool for politics An arena, 0sum Theory of 1. Aggressive: exploit
game productive international
power: The ability economy through
to produce is expansion
more important 2. Defensive: States
than the result of look after their
producing. The national economic
prosperity of a interests because
state depends not that is an important
primarly on its ingredient of their
store of wealth national security
but on the extent
to which it has
developed its
powers of
production
Liberalism Not bounded to Positive sum Ricardo’s law of 1. Laissez faire= no
politics. Market game comparative state intervention,
expands advantages: Free Regan
spontaneously trade will bring 2. Keynesian, some
benefits to all state intervention
participants
because free
trade makes
specialization
possible and this
increases
efficiency and
productivity
Marxism Bounded to Based on class 1. Lenin= law of
politics, a system of antagonism. uneven
exploitation Capitalism has development.
expanded Capitalism
through development is
exploitation of always unequal for
colonies someone
(imperialism) 2. Cox
3. Wallerstein world
system, the center
of the world exploits
the periphery. The
center takes all the
surplus= profit
, VIEW ON HEGEMONIC STABILITY THEORY/DEVELOPMENT/GLOBALIZATION
Liberals Mercantilist Neo-marxist
Hegemonic stability the Hegemon creates a a world characterized by Gramsci: a stable
theory world economy based economic globalization hegemonic order is based
on free trade which can only be provided by a on shared set of values
benefits all the hegemon with military and understandings
participants and economic power derived from how the
dominant social strata of
the hegemon thinks
Development theories Modernization theory - There is a need Dependency theory
Developing countries of promoting - There is
are expected to follow industrialization dependency
the same path taken in the south of from the
earlier in the west the world (new capitalist
- Underscore kind of economy development
need for an based on - Capitalist forces
open economy, technology) expand to
free of political - Not too much subdue and
interference makret freedom impoverish the
but not too developing
much state world
interference - Developing
(middle way) countries have
to cut off ties
with the west
Globalization - Qualitative - It is a myth, it is - economic
shifttowards a just intensified globalization is
global economic both intensified
economic interdependenc economic
system e interdependenc
- It will help - Corporation are e and creation of
individuals not losing their a global
- Nation states national economy
lose power identities - Nation states are
- nation states is important, they
not threatened are losing
power= creation
of macro regions
- Uneven,
hierarchical
process,
economic power
is only in
developed
countries
Economy? Int. system Theories Forms
MERCANTILISM Is a tool for politics An arena, 0sum Theory of 1. Aggressive: exploit
game productive international
power: The ability economy through
to produce is expansion
more important 2. Defensive: States
than the result of look after their
producing. The national economic
prosperity of a interests because
state depends not that is an important
primarly on its ingredient of their
store of wealth national security
but on the extent
to which it has
developed its
powers of
production
Liberalism Not bounded to Positive sum Ricardo’s law of 1. Laissez faire= no
politics. Market game comparative state intervention,
expands advantages: Free Regan
spontaneously trade will bring 2. Keynesian, some
benefits to all state intervention
participants
because free
trade makes
specialization
possible and this
increases
efficiency and
productivity
Marxism Bounded to Based on class 1. Lenin= law of
politics, a system of antagonism. uneven
exploitation Capitalism has development.
expanded Capitalism
through development is
exploitation of always unequal for
colonies someone
(imperialism) 2. Cox
3. Wallerstein world
system, the center
of the world exploits
the periphery. The
center takes all the
surplus= profit
, VIEW ON HEGEMONIC STABILITY THEORY/DEVELOPMENT/GLOBALIZATION
Liberals Mercantilist Neo-marxist
Hegemonic stability the Hegemon creates a a world characterized by Gramsci: a stable
theory world economy based economic globalization hegemonic order is based
on free trade which can only be provided by a on shared set of values
benefits all the hegemon with military and understandings
participants and economic power derived from how the
dominant social strata of
the hegemon thinks
Development theories Modernization theory - There is a need Dependency theory
Developing countries of promoting - There is
are expected to follow industrialization dependency
the same path taken in the south of from the
earlier in the west the world (new capitalist
- Underscore kind of economy development
need for an based on - Capitalist forces
open economy, technology) expand to
free of political - Not too much subdue and
interference makret freedom impoverish the
but not too developing
much state world
interference - Developing
(middle way) countries have
to cut off ties
with the west
Globalization - Qualitative - It is a myth, it is - economic
shifttowards a just intensified globalization is
global economic both intensified
economic interdependenc economic
system e interdependenc
- It will help - Corporation are e and creation of
individuals not losing their a global
- Nation states national economy
lose power identities - Nation states are
- nation states is important, they
not threatened are losing
power= creation
of macro regions
- Uneven,
hierarchical
process,
economic power
is only in
developed
countries
