CONCLUSION: THEORIES, EVIDENCE AND THE EVOLUTION OF THE INTERNATIONAL POLITICAL ECONOMY

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17 Apr 2012
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CONCLUSION: THEORIES, EVIDENCE AND THE EVOLUTION OF
THE INTERNATIONAL POLITICAL ECONOMY
The Evolution of Regimes Governing the International Political
Economy
The evolution of the trade regime began with Britain’s repeal
of Corn Laws
WW1 disrupted trade relations
Ww2 – GATT was created
Explaining Regime Change: The Development of Theoretical Paradigms
Structural Realist have centered their explanations on the role
of hegemonic leaders in the international system
Realists base their arguments on states and power and the
pursuit of power
o Stable economic relations with stable political power
o Regimes reflect the distribution of power
Neo-realists attempt to compensate for weaknesses in the
realist arguments about the goals of states
Classical liberals relate changes in the international political
economy to the ways in which individuals pursue their
interests
Institutionalists use theories to illuminate how cooperation
can be created without relying on the expression of
international power
Constructivists explain how states formulate their interests
State Behaviour and the Level of Analysis
System Level Theories
o Explain state behaviour by looking at characteristics of
the system
o Waltz: the anarchic nature of the system
o Realists: focus on the role of power in international
relations
o Generalizable
o Parsimonious
Bureaucratic politics
o Need info on the bureaucracy
o Less parsimonious
o Accuracy is gained
Individual level
o Who is making the decision
o Background on the person
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