The Political Economy of International Relations

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University of Toronto St. George
Political Science
Lilach Gilady

thPOL208Y1 Introduction to International Relations January 10 2012 The Political Economy of International Relations Gilpin Robert 1987 The Political Economy of International Relations Princeton Princeton University Press pp 2564 Three Ideologies of Political EconomyThe three ideologies liberalism nationalism and MarxismIdeology system of thought and belief by which individuals and groups explain how their social system operates and what principles it exemplifiesConflict among 3 moralintellectual positions revolve around role and significance of market in organization of society and economic affairsThree ideologies differ on broad range of questions what is the significance of the market for economic growth and the distribution of wealth among groups and societies What ought to be the role of markets in the organization of domestic and international society What is the effect of the market system on issues of war or peaceThree ideologies are different in their conceptions of relationships among society states and marketEvery controversy in field of international political economy is reducible to differing conceptions of these relationshipsEconomic liberalism Marxism and economic nationalism define the conflicting perspectives that individuals have w regard to implications of market system for domestic and international societyTerm ideology is used rather than theory because each position entails a total belief system concerning the nature of human beings and society and is thus akin to what Thomas Kuhn has called a paradigmEconomic nationalism originally called mercantilism which developed from practice of statesmen in early modern period assumes and advocates the primacy of politics over economicsIt is a doctrine of states building and asserts that the market should be subordinate to the pursuit of state interestsIt argues that political factors do or should determine economic relationsLiberalism which emerged from Enlightenment in writing of Adam Smith was reaction to mercantilism and has become embodied in orthodox economicIt assumes that politics and economic exist at least ideally in separate spheres it argues that marketsin the interest of efficiency growth and consumer choiceshould be free from political interference th Marxism which appeared in mid19 century as reaction against liberalism and classical economics holds that economics drives politicsPolitical conflict arises from struggle among classes over distribution of wealthPolitical conflict will cease w elimination of market and society of classesThe Liberal PerspectiveLiberal economic theory is committed to free markets and minimal state interventionLiberal political theory is committed to individual equality and liberty
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