IPE Final Essay
1. It has been argued that globalization disposes states to converge on common economic policies and strategies. Using the literature covered in this course, critically evaluate the validity of the globalization-leads-to-convergence argument.
It is a long observed fact that wealth and power are moving from the North and the West to the East and the South. This trend and the power transfer from western developed states to eastern developing states have given some anxious observers the impression that the old liberal world order is falling for a new order. Developing states would promote an authoritarian capitalist alternative and developed states would still function under the old liberal order, thus states’
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Will they solve adjustment problems by changing domestic structure or moving into the international system?
Ikenberry argues that there is an order of hierarchy in adjustment strategies, where Offensive International Adjustment comes in first and Domestic Defensive Adjustment comes in last. He suggests that state would be more inclined to international solutions rather than domestic solutions and this preference would result in a convergence of different states’ policies. Applying international adjustment solution, states develop agreements together or build an international regime with norms and regulations for reference to avoid future conflicts. Applying domestic adjustment solutions, states alter itself with a much larger governance cost or avoid changes and apply protectionism. Such policies would largely hamper this state’s competitiveness and reduce its gain in this globalized world.
Trade and investments between states are active opponents of world trading system and many states seek to sign Bilateral Investment Treaties (BIT) to achieve bigger profits. However a state’s ability to win over investments with BIT is contingent on whether or not this government can deliver subsequent good behavior in compliance with BIT provisions (Allee and Peinhardt, 2011).
The reason why states would deliver good behavior is to avoid great reputation cost, which is important because globalization has
In summary, the author, James Rosenau, suggests that the world has changed from the previous Cold War era. There is no longer a threat of nuclear holocaust that was so prevalent in previous years. Rosenau suggests, “the global economy may have replaced the battlefield as the site of competition among international actors…the emergent global order will be relatively free of strategic underpinnings.” Governance for Rosenau is supposed to be more informal, varied, and elaborate than that of the Cold War period. People have become smarter, technology has spread, and there is a greater involvement of citizens. As shown through the absence of a hegemon, and centralizing- decentralizing tensions, power is shifting in international affairs. Issues
In the period of historical globalization, a lot of horrible events had happen and many people have suffered, also lost what they had such as land, culture, languages, family, freedom, and dignity. Like the Rwanda incidents, Apartheid Law in South Africa and the incidents in Residential Schools in Canada. Although those things had happened, they still survive and right now is rebuilding and moving forward to not let it happen again with the little help of NGOs. In my opinion, Contemporary society has done enough to respond to the legacies of historical globalization. Moving forward and start making a better future is the only answer for those horrible events from repeating itself.
Analyzing this source, we should fully embrace the perspective it is portrayed because internationalism allows people to work in less developed countries around the globe offering security, economic stability and many other factors with the rest of the world thus making nations more interconnected with one another. The source states that combining global corporations with a strong effort, we can hope to solve many complex issues that threaten a nation-states safety as well as the well-being of all people. International cooperation To address global issues, would require a need of a strong majority of nation-states that are willing to protect civilians, bring economic stability and as well benefiting the countries both ways. This source is showing that though Conflicts and issues, they can be resolved more effectively with the help of nation-states; to accomplish this we would require nation-states to expand the scope of their interests to include the well being of all people. The source is adapting the ideology of internationalism allows us to help less developed countries with crucial issues as well has benefited by having the country providing aid grow and prosper. A factor that plays a role in international cooperations is foreign policy, foreign policy is best defined as a set of political goals that seek to show how a particular country will interact with other countries of the world. These foreign policies are mainly designed to help protect a country's national
In being so, liberalism possesses both economic and political components. Economic liberalism argues that, increasing economic interdependence would lead to a more peaceful international realm. Political liberalism bases itself on the belief that ‘A just world order assumes the establishment of republics ’. Thus, political liberalism as practiced by the United States during Cold War becomes a critical proponent of democracy promotion by noting that overlapping national interests will allow for a tamer international environment, engendering the notion that democracies do not engage in wars. Although democracy as interpreted by liberal theory on its own does not lead to free market, it may create the necessary infrastructure for such an event to occur. The promotion of democracy, to a great extent, increases economic interdependence through the alignment of core national values and therefore decreasing the probability of hegemony between the states. However, The notion of liberalism was undermined in the literature of the United States foreign policy after the Cold War. Even though the states were economically interdependent during the Cold War yet they engaged in rivalry for resources to the extent that if, assumingly, the “World Trade Organization” came to be perceived as a corrupt institution,
Individual Identity: Every year my family tries to take a trip back to China in order to see family. On trip back played a big role in shaping my identity. In the summer of 2012 I had the daunting task of travelling alone China. This consisted of mastering the Chinese phrases needed to guide me along the way and some way of figuring out how to transfer flights. Surprisingly the hardest part was not finding my way it was merely being alone I found that I got very lonely in the long 14 hour trip and I needed to find a way to occupy myself in order to avoid loneliness. The things I learned from being lonely help form my identity. I found that the more I tried to push away the loneliness the more it just came
In Stewart Patrickʻs article discussing the complications of incorporating newly developing countries into the global economy, he argues that these emerging states are unwilling to conform to the parameters that the United States has asserted over the global economy. In addition, he contends that these emerging states presume that they are able to modify the international system to correspond with their own interests and needs (Patrick, 47). Throughout the article, Patrick references various actions and preferences that demonstrates this entitled attitude that he argues emerging states embody. One example he alludes to regarding economic relations is the opposing views between established states and emerging states on the new
Both the authors agree that the west is most certainly the main superpower in the world today. There were arguments worldwide, that the cause for the poverty in communist and/or third-world countries was the result of the rise in Western prosperity and the West was therefore able to dictate the rules of the game. These factors, both in Totalitarian and Authoritarian states, began to bring China and Latin America down one by one. It could be seen that there was only one successful factor left on the world stage, Liberal Democracies.
With the collapse of the Soviet Union and the fall of its economic system the United States became more powerful than ever. Now as world hegemon, the United States continued to trump its cultural values in their quest to spread the American ways around the world. It is during this period that we adopted the grand strategy of promoting a more liberal international order. The world experienced a proliferation in international organizations as well as more open and inclusive trade
'Despite the views of many optimists, there are clearly losers as well as winners from the process of globalization.'
The three theories of global inequality: modernization theory, dependency theory, and globalization theory all attempt to describe and offer up solutions to global inequalities. I think that each has it's strengths and shortcomings.
To what extent is our understanding of economic globalisation challenged or expanded by analysing the lived experience of global processes.
In his article, “The Future of the Liberal World Order”, John Inkenberry discusses what he sees as a global shift in power, from the Western and Northern powers such as the United States and Great Britain to the more Eastern and Southern developing states like China, India and Brazil. This potential shift in power has sparked a fear in many people. This fear, as the global power switches from West to East and North to South, stems from the thinking that these new nations that are coming to power will abolish the liberal world order that we all know. I however believe that instead of challenging the United States for power and changing the world order to more reflect their ideologies, these emerging nations will instead seek a greater position of leadership in the already existing world order. Firstly, I will provide an argument of Inkenberry’s main arguments and why realists’ have started to worry. Second, I will show how China is rising to threaten the United States superpower position in today’s world order, and finally I will illustrate ways which show that China is not challenging the Liberal World Order and why.
"In ancient times the opulent and civilized found it difficult to defend themselves against the poor and the barbarous nations; in modern times the poor and barbarous nations find it difficult to defend themselves against the opulent and civilized." -Adam Smith
Moreover, globalization has resulted in the state not having as much control over phenomena such as global companies, information sharing (social media and google) and trading. In addition to the fact that states can no longer exercise control of their financial markets alone.
The level of internationalisation around the globe has grown throughout the years, with advanced technologies the ease and ability to work with foreign countries has also grown. However, firms do not simply interact with each other with no outside party involvement; the government can be seen to play a large role in conducting international business. Governments continuously have the responsibility to act in the manner that they believe is best for their nation; this includes decisions regarding protectionism, which may serve to aid domestic industries but simultaneously hinder international business. It can be seen that governments do not always act in their nation’s best interest and are corrupt which can serve to increase the risks and costs of entering an international business environment. While these are examples in which the government makes international business difficult it can also be seen that the presence of a government is instrumental in creating international business effectiveness, whether this be through their legal system or from trade agreements. This makes the role the government plays paradoxical; as their involvement generally increases the risks and costs of firms seeking to internationalise, whilst simultaneously playing a significant role in creating international business effectiveness.