International Political Economy

Paper Summary:

This paper discusses today's international political economy. It compares the rival political philosophies of the modern world - realism, liberalism and Marxism. It discusses the differences in their outlook on current conditions and possible or desirable directions. The paper then discusses whether a new order is forming and if it can be considered truly global, democratic and free market.

From the Paper:

"Globalization appears inevitably to be replacing the old system of independent nation states. On an economic level, this means that relations that once appeared to concern only those who resided in a particular place and under a certain jurisdiction, now affect countless others in locations across the planet. Theorists of different backgrounds have wrestled with the dynamics of creating and maintaining a workable world order. Much of the Westphalian system came out of old fashioned, hard-nosed Realist thinking. States, like people, operated for their own selfish interests. Karl Marx and his followers changed this emphasis by drawing attention to the plight of the vast numbers of dispossessed. They reasoned that the continued oppression of the masses through the economic exploitation of the few, would lead inevitably to class warfare. This class warfare, writ large, appears to be with us now on the global stage. Terrorists and other discontents threaten the traditional hegemony of the West and its capitalist free market system."

Sample of Sources Used:

• Ghemawat, Pankaj. "Why the World Isn't Flat." Foreign Policy, p.56 (DATE).
• Gilpin, Robert. "Three Ideologies of Political Economy." IPE Perspectives, p.427 (DATE).
• "Lecture 6: "The Liberal Perspective and its Economic Contribution to Strategic Issues," IPE Perspectives, (DATE).
• Lynch III, Thomas F. "Foundations of Radicalism." Understanding International Relations: The Values of Alternative Lenses. Kaufman, Parker, Howell, Doty, Eds. (DATE).
• AUTHOR. "Marx's Intellectual Legacy, Marx after Communism." The Economist, p.5 of the Article in Fax (DATE).

More papers on International Political Economy:

• Analytical Essay # 130694 : "International Political Economy"
• Term Paper # 147079 : "Concepts of International Political Economy"
• Research Paper # 100466 : "The Importance of International Political Economy"
• Essay # 33662 : "The IMF and the International Political Economy"

APA Citation:

MLA Citation: