Theoretical Perspectives In IPE

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1. Discuss and analyze the main theoretical perspective in IPE. There are three main theories in IPE namely liberalism, realism, and structuralism. Liberalism promotes cooperation and peaceful co-existence among states. In IPE, liberalism promotes trade, diplomatic relations among states that promotes the national interest of the country. Realism is about acquiring power and security. Realist believes that the state is the main actor in the international politics, the nature of state’s market is competitive, and states have direct relationship to another state in pursuit of political power and economic wealth. Last is Structuralism, according to Karl Marx there is a “constant struggle between classes” which is bourgeoisie and proletariat. In…show more content…
We can see in the news that there are different summits that are held that promotes international cooperation to have harmony among states. Also in summits, most of the issues being raised were the issue that affects the whole world like environmental problems, disputes among states, the threat of terrorism, and issues in human rights. In conclusion, I think that the liberalist ideology is declining somehow because of the threat of terrorism and climate change. The issue of territorial disputes among states like what is happening between our country, the Philippines and China. I think that the states are slowly shifting again into realist ideology because of what is happening, even though United States can still handle the issues of the world, they themselves cannot settle the issues that can affect their economic ties. The hegemon can only impose economic sanction to a state that violates the international law. 2. Why do Mercantilist believe that the international economy is a source of conflict rather than…show more content…
They are also tempted to exploit other resources just to earn more and stay in power. Developing countries are most of the time victims of the actions of those developed countries. They will make ally with a country in which they think they can get more resources and in return they will pay them. It creates conflict because in mercantilist view, countries want to gain more and compete to each other to stay in power and to secure the states rather than
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