POLSCI 2I03 Lecture Notes - Lecture 4: Market Failure, North American Free Trade Agreement, Neoliberalism

• School: McMaster University
• Department: Political Science
• Course: POLSCI 2I03
• Professor: Andrew Lui

Document Summary

This definition is not the type of neo-liberalism that is often slandered by newspapers, leftist journals, etc. we are talking about the theory of neo-liberalism. The theory was founded mostly in 1970s, by two scholars: Robert keohane and joseph nye (also the founder of south power"). These groups of scholars attempted to create an alternative to neo-liberalism which would explain why states would not go to war, why there has been a diminishing process in war since wwii. To make ir more scientific but also to study things which neo-liberalist in general left out. Neo-liberalism was interested in the great power of war. There are other negating powers out there particularly the rules in anarchy (common assumption of liberalism, anarchy exists but does not have the same result as the realists think). But liberalists think that yes anarchy exists but it can be diminished.