Strengths and Weaknesses of Neorealism, Neoliberalism and Constructivism

1390 WordsMar 25, 20126 Pages
Strengths and Weaknesses of Neorealism, Neoliberalism and Constructivism Introduction Our world since its origination has been a ‘hotbed’ of activity. Activity in the sense, we humans have been showing activeness both mentally and physically, which have transformed our globe from an archaic one to an advanced one. That advancement is evident in every sphere of our life, as well as in the ‘sphere’, we live in. In addition, that advancement or development is seen in one of the important activities of the ‘sphere’, the activity of politics. With the advancement, humans spread out to new territories. In course of time that territories became cities, states, and eventually countries. Along with this evolution of humans and territories,…show more content…
That is, with greater role for private sector and importantly entrepreneurial role for individuals, there will be better productivity. “Neoliberalism is in the first instance a theory of political economic practices that proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets, and free trade” (Harvey, 2005) . With inclusive role for the citizens, this theory has good strengths. Weaknesses One of its weaknesses is the uneven distribution of income. That is, with the emergence and success of private sectors as put forward by the Neoliberalism theory, the resultant wealth or income gets stagnated in few hands, with uneven wage distribution. It leads to poverty, industrial problems, etc. Another weakness is the uneven geographical development of neo-liberalism. That is, certain states or even organizations develop at the expense of other countries, by ‘tapping’ their weak neoliberalistic policies. “The rise of neo-liberal economic thinking in the West led to the view that the underdeveloped states had approached development in the wrong way. Instead of establishing inefficient state run import substitution industries, it was argued, they should have concentrated on areas in which they possessed

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