The Politics of International Economic Relations Essay

1505 Words7 Pages
The Politics of International Economic Relations The purpose of the essay is to draw out the conceptual differences of Liberalism, Realism and Marxism. Each author stands for different approach among the three readings. Deundey and Ikenberry are liberals, Gilpin researches for Realism, David Harvey is a typical scholar of Marxism. The perspectives of three authors overlap on three issues but have different view on them. The first issue is what are the main actors involved in economic relations according to liberals, realists and Marxists approaches. The second one is how do three approaches define the nature of hegemony in the articles differently. Finally, what do liberals, realists and Marxists think about the role of state power. At…show more content…
However, Eichengreen thought hegemony aims to encourage international cooperation in different kinds of international affairs (Gilpin, 2001). Such as US focuses on promoting a breadth, open and interdependent international economy, such international public merchandise as free trade and monetary stability needs a strong leadership and dominant power (Gilpin, 2001). Therefore, realists define the nature of hegemony that could be a positive factor to strength the liberal international economy. The nature of hegemony in the Marxism could be defined as over neo-liberalism result in Imperialism, and it built commodity and capital markets (Harvey, 2003). After then the hegemony was born. A typical example of hegemony is US, which is based on high technology, strong economy and military power to maximize its safety and profits on a global scale (Harvey, 2003). US through such diplomatic negotiation, economic sanctions and military intervention to achieve goals. Bring together,US hegemony is form of international monopoly capitalism under the condition of economic globalization, it reflects the relations of the sum of capitalist production. What do liberals, realists and Marxists think about the role of state power? In the readings, states play different roles and have different functions. Liberal openings of countries do not based on political liberalism, but the key powers still
Open Document