Realism, Liberalism, And Marxism - 1024 Words

Realism, liberalism, and Marxism are all different perspectives that can be used to analyze situations and aid government officials to understandings and agreements in relation to trade. Lawrence Herman s article focusses on the potential destruction of the North American Free Trade Agreement (NAFTA) caused by the disturbing and unacceptable proposals by the United States president, Donald Trump. There are many different views on Free trade but three main perspectives are the realist views, which claim that all nation-states have to rely upon their own resources and security and act in pursuit of their struggle for power and self-interest, liberal views, which approve of free trade, and lastly, through Karl Marx’s theory of Marxism.†¦show more content†¦Tariffs overall are pro-producer and anti-consumer which is why the United States are making these destructive proposals, they are all to provide security and self-help. Consequently, through realism the zero-sum game would likely aid the United States and the United states only with their economic gains. Liberalism is another concept that has significant arguments regarding international relations. Liberal economics have determined the shape of the monetary system and support the concept of open markets, where individuals have the freedom to engage in commerce. Unlike realists, liberals oppose mercantilism and the zero-sum game much like the countries in NAFTA. This disagreement is the cause of many disagreements during the NAFTA negotiations. If countries are able to work together and trust one another to attain power, conflict is less likely to occur and overall economic wealth for countries can be gained. Through free trade, the goal is to have a decreased amount of wasted resources on inefficient production because the more individuals that engage in this collective use of resources the more likely the system would become efficient and acquire heightened economic gains such as wealth. ) Finally, there is the liberal institutionalism perspective which approves of regimes and int ernational organizations. Utilizing these rules through rapid growth of regimes, regulate economic affairs, determine which activities are allowed and disallowed, and assure thatShow MoreRelatedThe Major Problems That International Relations1639 Words   |  7 Pagesunderstanding and perspective on the issue. The three theoretical approaches we will explore in this paper are Realism, Liberalism and Marxism. These three approaches are chosen due to their verity as well as how vast their explanation stretches allows for contrasts to show more accurately. As we will discuss later, we will find that there are some similarities between Liberalism and Realism also where Marxism brings in a perspective completely alternate to the first two, adding to the depth of the explanationsRead MoreThree Ideologies of Political Economy Essay974 Words   |  4 PagesAt the core of the debate are the three main philosophical ideologies (Realism, Liberalism and Marxism) which create conflicts revolvin g around the role and significance of the market in the organization of society and economic affairs. This paper will analyze these three philosophical ideologies and explain how the advocates of these ideologies would assess the phenomenon of global integration. Realism, Liberalism and Marxism differ significantly in relation to the IPE. The realist view of IPE Read MoreInternational Relations : Definition, Liberalism, Constructivism And Marxism903 Words   |  4 Pagessystem works. The major theories are Realism, Liberalism, Constructivism and Marxism. 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The various Marxist theories of internationalRead MoreThe Politics of International Economic Relations Essay1505 Words   |  7 PagesThe 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 accordingRead MoreThe Problem Of National Self Reliance Essay1473 Words   |  6 Pagesmore robust economy. Does this mean one is more efficient or productive than the other? 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These paradigms or ways of looking at IPE enables international relations students to study the forces at work in the international realm and analyze how these factorsRead MoreRealism and Liberalism in Literature1397 Words   |  6 Pagesdeveloped by thinkers with the help of historical process. Realism, liberalism, Marxism, constructivism, and idealism are the main theories of international relations but among these 5 mainstream theories, two of them have more validity and effectiveness: Realism and liberalism. These two theories of international relations have a very high reputation and efficiency to explain and understand of the historical process. Realism and liberalism may seem totally different from each other but at some certainRead More The Traditional Global Environment Evolved Into The Modern Global System1233 Words   |  5 PagesQuestion 1: Starting in 1900, the traditional global environment evolved into the modern global system. As international relations scholars have attempted to examine and explain this change, six worldviews have emerged. These are Realism, Liberalism, Idealism, Neo-Marxism, Constructivism, and Feminism. In an essay format answer, you are to discuss the main characteristics of each worldview. One of the peculiarities of research of international relations is the variety of conceptual constructionsRead MoreThe Effects Of Global Economic Crisis On The Great Depression Of The 1930 S876 Words   |  4 Pagessituations. The previous four decades were really pushed into eras of neo-liberalism and cutting down on regulations by letting the market regulate prices. Furthermore, the situation highlighted the importance of domestic markets, effective resource management, and risk assessment. 2) Define the 3 global economic traditions (liberalism, Marxism, Mercantilism)? How each of them helps us better understand world politics? 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