Realism , Liberalism , Marxismand the Phenomenon of Global IntegrationIntroductionVarious theories and perspectives have been proposed by theorists and multinational execution observers in explaining International Political Economy (IPE . The most conspicuous among these perspectives are Realism Liberalism , and Marxism . These paradigms or ways of go pleasure trip at IPE enables international relations students to study the forces at diddle in the international realm and analyze how these factors interact to work the terra firma of affairs of the IPE . Through these perspectives , people advise too prompt a approach wind at how human nature , individuals , purchase order , states , and markets relate to the sparing and how they make it workThis presents an overview of triplet hearty theories in international rela tions - Realism , Liberalism and Marxism and how they view the phenomenon of orbicular integrating . While Realism is the oldest of the trey theories and Marxism is the youngest , Liberalism is the most important straightaway . Global integration is a phenomenon in international relations that has come to the fore in recent decades . As much(prenominal) , the three lenses of Marxism , Realism , and Liberalism diverge upon contrasting factors and elements affecting world(a) integration . These three theories therefore give varying thoughts and principles on the areas of development , trade unions , international organizations , multinational corporations , international brutal , and the independentty of states versus the globalized economic processIn to better understand how these conceptions of international political economy can explain global integration , it would be indispensable to understand each paradigm and how one is different from the stand-in Through this und erstanding , a student can yield a good gra! sp of what each possible action is all about , what are its explanatory strengths and weaknesses how useful is the fancy in explaining phenomena in international political economy and what kinds of developments to look for in the international relations field .
Their differences can withal be highlighted so as to get a proportionate understanding of which theory has better explanatory utilityRealismRealism is perhaps the oldest among the three views in International political economy . It used to be called statism and mercantilism when it was in its early stages of development . Its rise as a theory coincided with the a dvent of big originful sovereign states that in the fifteenth century . During those times , these states protected their experience enlivens in dealing with other states and governments . Protectionism , therefore was their economic polity . The main intention of these states was increasing wealth , world-beater , and defend their cause national matter tos They viewed other states as competitors and downright enemies (Doyle 44National intimacy also coincided with political and economic power so as to batten the nation against threats from the outside . Economic power helped these states bulletproof their territories because it fueled their economies , provided employments and helped them sustain an army that would A national engage where state economic policy must meld with power . Because it is economic power that wins trading wars , defeats blockades , staves off pirates and enables the nation to unfold on to industrialize and promote employment (Doyle 50There...I f you want to get a full essay, order it on our websi! te: OrderCustomPaper.com
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