PSCI 2602 Lecture Notes - Lecture 2: Neomercantilism, Zero-Sum Game, Mercantilism
22 Apr 2016
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Document Summary
Individual interests come second after the collective interests. Example of state international interest: they do not want states selling weapons to enemies of the state (us & russia) Realists see the international stage as anarchy, where all states must act in their own interests for them. There is fighting for resources, realists see these as finite and therefore they compete. If states do not gain, then they are at a disadvantage. The most powerful states shape the rules governing the global political economy. The state has a role to protect and promote national economy, which can take many. Actors are rational and in pursuit of their interests. The global economy can generate enough for all states to benefit. There should be a separation between politics and economics. Markets will function the best when they are free from political intervention. The domestic role of the state is to provide a market friendly environment. Evolution of economic nationalism & liberalism: market influence.
