Essay about The Politics of International Economic Relations

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Pages: 7

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
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The features of the two states are strong self-imposed constitutional constraints and the integration of German and Japan in wider political, security and economic institutions (Deundey & Ikenberry, 1999). They through sufficient capacity kept from war to secure themselves but also to impact on other smaller states next to them and to make an influence on whole system. Such like they got the recognitions from Western system, and play more and more important roles in the international affairs.

Whereas, realists think that state power could get the trustable and dependable from markets and companies, because the stability of markets is affected by active role of states and states co-operation. For example, individual states want to decrease the reliant on other states, they will use a term of trade protection policy and industrial policies to achieve their goals, even through right of complaint to the World Trade Organization (WTO)(Gilpin, 2001). If an individual state want to increase the dependence of others, the individual state could apply on such policies as foreign aid and trade concession (Gilpin, 2001). At the same time, states could provide legitimacy for markets and companies in different kinds international governance. Lastly the international law also has been established by states. To protect states’ own values and interests, states will manipulate market forces to increase their power and